4 Bed Semi-Detached House, Refurb/BRRR, Workington, CA14 3EH, £159,950

68 Mason Street, Workington, CA14 3EH - 1 views - 7 months ago

Leasehold
BTL
Refurb/BRRR
ROI: 2%
~146 m²
+14 photos

ValuationFair Value

Sold Prices£40K - £330K
Sold Prices/m²£530/m² - £2.5K/m²

 

 

Square Metres

~145.80 m²
Price/m²£1.1K/m²

Value Estimate

£160,380

 

 

End Value (After Refurb)

£182,250

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£39,988

Stamp Duty & Legal Fees

£9,198

Refurb Costs

£57,369

Bridging Loan Interest

£4,199

Total Cash In

£112,502

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£182,250

Mortgage (After Refinance)

£136,688

Mortgage LTV

75%

Cash Released

£16,725

Cash Left In

£95,777

Equity

£45,563

Rent Range

£550 - £4,000

Rent Estimate

£1,017

Running Costs/mo

£793

Cashflow/mo

£224

Cashflow/yr

£2,689

ROI

2%

Gross Yield

8%

Local Sold Prices

28 sold prices from £40K to £330K, average is £125K. £530/m² to £2.5K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£125K12/200.07 mi1, Infirmary Road, Workington, Cumbria CA14 2UG4
£203K11/200.1 mi10, Banklands, Workington, Cumbria CA14 3EW4
£220K11/220.16 mi47, Ennerdale Avenue, Workington, Cumbria CA14 3JT4
£132K04/210.17 mi145, Harrington Road, Workington, Cumbria CA14 2UW4
£132K04/210.17 mi145, Harrington Road, Workington, Cumbria CA14 2UW4
£155K02/230.23 mi186, Harrington Road, Workington, Cumbria CA14 3UJ4
£135K05/210.23 mi196, Harrington Road, Workington, Cumbria CA14 3UJ4
£86K01/230.28 mi15, Coniston Drive, Workington, Cumbria CA14 3PH4
£75K02/210.3 mi33, Coniston Drive, Workington, Cumbria CA14 3PH4
£164K12/200.33 mi57, Gray Street, Workington, Cumbria CA14 2NQ4
£90K11/200.33 mi104, John Street, Workington, Cumbria CA14 3BT4
£110K07/230.35 mi35, Guard Street, Workington, Cumberland CA14 4DZ4
£65K01/230.36 mi14, Pinfold Street, Workington, Cumbria CA14 4EL4
£123K03/210.36 mi18, Peter Street, Workington, Cumbria CA14 3DA4
£122.5K07/210.36 mi14, Peter Street, Workington, Cumbria CA14 3DA4
£125K02/230.37 mi14, Peter Street, Workington, Cumbria CA14 3DA4
£130K07/210.41 mi177, Vulcans Lane, Workington, Cumbria CA14 2ND4
£120K04/210.46 mi5, Portland Street, Workington, Cumbria CA14 4BQ4
£240K12/210.5 mi24, Ellerbeck Lane, Workington, Cumbria CA14 4HE4
£330K01/210.5 mi19, Ellerbeck Lane, Workington, Cumbria CA14 4HE4
£98K09/210.55 mi25, Lonsdale Street, Workington, Cumbria CA14 2YD4
£265K08/230.56 mi114, Chaucer Road, Workington, Cumberland CA14 4HP4
£40K11/200.57 mi7, Clay Street, Workington, Cumbria CA14 2XZ4
£56K06/230.61 mi25, Gladstone Street, Workington, Cumberland CA14 2XH4
£58K05/210.61 mi25, Gladstone Street, Workington, Cumbria CA14 2XH4
£107K02/210.62 mi14, Duke Street, Workington, Cumbria CA14 2HW4
£168K02/210.91 mi15, Garth Road, Workington, Cumbria CA14 5AQ4
£232K04/211 mi6, Sea View Drive, Workington, Cumbria CA14 5DF4

Local Rents

11 rents from £550/mo to £4K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£70004/240.09 miRoseberry Street, Workington, Cumbria, CA143
£70008/230.29 mi-3
£55005/240.3 miDevonshire Street, Workington, Cumbria, CA143
£65004/240.31 miVictoria Road, Workington, CA143
£85003/250.38 mi-4
£80004/250.43 mi-3
£75003/240.48 miChaucer Road, Workington3
£4,00003/250.5 mi-5
£70001/250.51 mi-3
£69503/240.51 miNew South Watt Street, Workington3
£79503/240.55 mi-4

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.23 miles away

Nearest school

0.20 miles away

Nearest train station

0.70 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £159,950

March 28, 2025

Listed for £175,000

September 6, 2024

Floor Plans

Description

  • *** ONLINE VIEWING AVAILABLE *** +
  • EPC RATING- D +
  • Mason Street, Workington +
  • 4 Bed Semi-Detached House +
  • Requires Complete Renovation +
  • Drive, Garage, Gardens +
  • Popular Location +

A PERFECT OPPORTUNITY FOR YOU TO CREATE THE HOME OF YOUR DREAMS!
In need of full refurbishment and renovation, this is a super four bedroomed semi-detached house with bags of character and charm, space and light - it's a blank canvas for you to do with you as you wish and a great chance to create a lovely family home.
Downstairs there's a spacious hallway, two large reception rooms and a kitchen (ready for something stylish and modern!) and upstairs four bedrooms and a family bathroom.
There's a drive to the side and a corrugated single garage and a good sized garden to the rear, but currently in need of being cut back.
* NO CHAIN * NO CHAIN * NO CHAIN *

Things You Need To Know - Gas central heating
Double glazing

Entrance - The property is accessed via a composite door with frosted glazing panels. Leads into:

Inner Hallway - With stairs to the first floor. Under stairs cupboard. Burglar alarm control panel. Door leading into:

Reception Room 1 - 4.42 x 4.09 into bay window (14'6" x 13'5" in - With bay window to the front. Picture rail. Television point. Tiled fireplace with wall mounted gas fire.

Reception Room 2 - 4.88 x 3.91 into bay window (16'0" x 12'9" into ba - With bay window overlooking the rear garden. Tiled fireplace with wood mounted gas fire. Picture rail.

Kitchen - 4.09 x 2.77 (13'5" x 9'1") - Fitted with a range of base units with cupboards and drawers and formica worktop over with ceramic tiled splashback. Includes stainless steel sink with double draining board. Space for a gas cooker. Plumbing for washing machine. 2 windows to the side with pelmet over. Window to the rear. Door leading into:

Sunroom - 4.08 x 1.30 (13'4" x 4'3") - With windows to 2 sides. Door to the rear. Steps down with access into:

Utility Room - 1.97 x 1.97 (6'5" x 6'5") - With 2 Belfast sinks, each with taps over. Frosted window to the side. Electricity.

Store Room - 2.06 x 0.92 (6'9" x 3'0") - With brick walls and shelving.

Wc - 2.10 x 0.91 (6'10" x 2'11") - With low level WC. Frosted window to the rear.

Staircase - Dog leg staircase with coloured frosted glazed window facing the front and opening out opening out onto:

First Floor Landing - Giving access to bedrooms and bathroom. Glass ceiling plate. Airing cupboard.

Bedroom 1 - 4.24 into bay x 4.14 (max) (13'10" into bay x 13'6 - Double room to the rear with tiled feature fireplace. Pelmet. Wall mounted shelving.

Bedroom 2 - 4.39 x 3.15 (14'4" x 10'4") - Double room to the rear with picture rail and pelmet.

Bedroom 3 - 3.51 x 2.87 (11'6" x 9'4") - Double room to the front with bay window. Picture rail. Tiled feature fireplace. Pelmet. Telephone point.

Bedroom 4 - 2.96 x 1.63 (9'8" x 5'4") - Single room to the front with pelmet.

Bathroom - 2.42 x 1.95 (7'11" x 6'4") - Fitted with bath and tap connected shower with folding screen in chrome frame. Pedestal wash basin and low level WC. Fitted around sanitary fittings with turquoise ceramic tiles. Frosted window to the rear. Extractor fan. Chrome ladder style radiator.

Parking & Garage - Parking on the drive to the side and corrugated single detached garage.

Front External - Concrete steps lead up to the front door.

Rear Garden - Steps from the back door lead down to a garden area.

Storage Room - At the rear of the property there is a large storage room (under the sun room/utility)

Outlook - From the rear there is an outlook over the trees to the rooftops and the Solway Firth and Scottish hills in the distance.

Directions - Located on Mason Street, on the right hand side when approaching from Harrington Road.

Council Tax - We have been advised by Cumberland Council ) that this property is placed in Tax Band C.

Viewing Arrangements - To view this property, please contact us on

Notes To Brochure - Please note that all measurements have been taken using a laser tape measure which may be subject to a small margin of error. None of the appliances, heating system or fittings included within the sale have been tested or can be assumed to be in full working order. Purchasers are strongly advised to satisfy themselves by way of survey and their own enquiries. The brochure does not constitute a contract, part of a contract or warranty.

The Consumer Protection Regulations 2008 - Please contact us before viewing the property. If there is any point of particular importance to you we will be pleased to provide additional information or to make further enquiries. We will also confirm that the property remains available. This is particularly important if you are contemplating travelling some distance to view the property.

Moving With Grisdales - Moving is an exciting time but only if everything proceeds smoothly. Whether you are selling, letting, buying or renting, we understand that moving home can be a very stressful and daunting prospect. That's why, at Grisdales, we work together as a team, giving dedicated support and advice every step of the way to help your move run as smoothly and efficiently as possible.

Free Market Appraisal - If you are thinking of moving, we offer a completely free market valuation and appraisal of your existing home. We will advise you upon an asking price which accurately positions your property in the current market place, maximising viewings and your sale prospects.

Lettings And Management - If you are interested in property as an investment, we can help you every step of the way from Buy to Let advice to effective property letting and management

Surveys And Valuations - We want your purchase to live up to those dreams, hopes and expectations. You need to know that your new home will not only be a sound investment, but also one which you will enjoy without the worry of the unknown. Grisdales offer a wide range of survey and valuation reports to meet different needs all backed by the qualification, experience and knowledge of a Chartered Surveyor.

Mortgage Advice - Grisdales works with The Right Advice Cumbria (Bulman Pollard) part of The Right Mortgage Ltd, one of the UK's fastest-growing Networks, offering expert professional advice to find the right mortgage for you. We have access to thousands of mortgages from across the whole market in the UK.

Our advice will be specifically tailored to your needs and circumstances which could be for your first home, moving home, re-mortgaging or investing in property. To find out more about how we can assist you, just call your nearest Grisdales office.

Your home or property may be repossessed if you do not keep up repayments on your mortgage. Some forms of Buy to Let Mortgages are not regulated by the Financial Conduct Authority. You may be charged a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.

Agent Details

Grisdales Estate Agents, Cockermouth

01900 510849

Next Steps?

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