2 Bed Terraced House, Single Let, Workington, CA14 4TU, £72,500

Cross Gates, Lamplugh, CA14 4TU - 6 months ago

Sold STC
BTL
ROI: 9%
~68 m²
+4 photos

ValuationUndervalued

Sold Prices£50K - £269.9K
Sold Prices/m²£743/m² - £3.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£87,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,125

Stamp Duty & Legal Fees

£4,825

Total Cash In

£22,950

 

 

Cash Out

 

Rent Range

£525 - £1,250

Rent Estimate

£525

Running Costs/mo

£352

Cashflow/mo

£173

Cashflow/yr

£2,081

ROI

9%

Gross Yield

9%

Local Sold Prices

36 sold prices from £50K to £269.9K, average is £98K. £743/m² to £3.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£170K12/220.98 mi34, Asby Road, Asby, Workington, Cumbria CA14 4RZ2
£102.5K06/211.8 mi9, Pasture Road, Rowrah, Frizington, Cumbria CA26 3XN2
£165K07/211.86 mi2, Bairds Crossing, Kirkland, Frizington, Cumbria CA26 3YF2
£153K02/211.86 mi3, Bairds Crossing, Kirkland, Frizington, Cumbria CA26 3YF2
£91K03/211.87 mi3, Pasture Gate, Rowrah, Frizington, Cumbria CA26 3XL2
£119K03/231.97 mi2, Herdus View, Kirkland, Frizington, Cumberland CA26 3XY2
£80K04/232 mi24, Rowrah Road, Rowrah, Frizington, Cumberland CA26 3XJ2
£65K04/212 mi26, Rowrah Road, Rowrah, Frizington, Cumbria CA26 3XJ2
£70K10/212 mi23, Rowrah Road, Rowrah, Frizington, Cumbria CA26 3XJ2
£68K04/232 mi19, Rowrah Road, Rowrah, Frizington, Cumberland CA26 3XJ2
£55K02/212 mi5, Rowrah Road, Rowrah, Frizington, Cumbria CA26 3XJ2
£135K09/212.04 mi44, Murton Park, Arlecdon, Frizington, Cumbria CA26 3UT2
£65K04/212.04 mi26, Rowrah Road, Rowrah, Frizington, Cumbria CA26 3XJ2
£110K11/202.06 mi26, Murton Park, Arlecdon, Frizington, Cumbria CA26 3UT2
£95K11/202.06 mi2, Murton Park, Arlecdon, Frizington, Cumbria CA26 3UT2
£129K10/202.06 mi41, Murton Park, Arlecdon, Frizington, Cumbria CA26 3UT2
£127.5K08/232.06 mi32, Murton Park, Arlecdon, Frizington, Cumberland CA26 3UT2
£105.5K04/222.07 mi37, Murton Park, Arlecdon, Frizington, Cumbria CA26 3UT2
£105K11/222.08 mi29, Murton Park, Arlecdon, Frizington, Cumbria CA26 3UT2
£175K03/212.12 miHome Ground, Mona Street, Arlecdon, Frizington, Cumbria CA26 3UY2
£269.9K12/202.12 miDrewan, Arlecdon Road, Arlecdon, Frizington, Cumbria CA26 3UX2
£56.5K03/212.12 mi48, Arlecdon Road, Arlecdon, Frizington, Cumbria CA26 3UX2
£87K12/222.14 mi36, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£65K05/222.14 mi10, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£61K03/222.14 mi3, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£78.5K06/222.14 mi14, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£119K02/232.14 mi34, Arlecdon Parks Road, Arlecdon, Frizington, Cumberland CA26 3XG2
£100K05/232.14 mi11, Arlecdon Parks Road, Arlecdon, Frizington, Cumberland CA26 3XG2
£90K03/212.14 mi8, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£50K11/202.14 mi45, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£130K05/222.14 mi8, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£107.5K05/222.15 mi32, Arlecdon Parks Road, Arlecdon, Frizington, Cumbria CA26 3XG2
£55K02/232.15 mi55, Arlecdon Road, Arlecdon, Frizington, Cumbria CA26 3XA2
£95K03/232.51 mi15, Waterloo Terrace, Arlecdon, Frizington, Cumberland CA26 3UD2
£126K04/222.52 mi20, Waterloo Terrace, Arlecdon, Frizington, Cumbria CA26 3UD2
£96K10/212.59 mi10, Skelsceugh Road, Winder, Frizington, Cumbria CA26 3UE2

Local Rents

11 rents from £525/mo to £1.3K/mo, average is £695/mo.

RentDateDistanceAddressBeds 
£52505/240.01 mi-2
£52505/240.01 mi-2
£52511/240.01 mi-2
£52504/240.01 miCross Gates, Lamplugh, Workington, CA142
£90003/240.57 mi Lamplugh, Workington, CA143
£1,25003/240.6 miHavercroft, Lamplugh, Cumbria, CA144
£89512/231.13 mi-3
£69504/241.81 mi Ullock, Workington, CA142
£70003/252.06 mi-2
£70003/252.06 mi-2
£59504/242.17 miBarwise Row, Arlecdon, Frizington, CA262

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

6.12 miles away

Nearest school

2 miles away

Nearest train station

6.05 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £72,500

January 7, 2025

Listed for £79,950

October 11, 2024

Floor Plans

Description

  • Offered for sale with no forward chain +
  • Recently decorated, with new flooring throughout +
  • Sought after semi-rural village location +
  • Easy access to neighbouring towns, and the Western Lakes +
  • Ideal second home, or holiday let +
  • Stylish modern first-floor bathroom +
  • Two well presented bedrooms +
  • A good size kitchen +

Offered for sale with no forward chain is this well presented traditional terraced home, which has recently been decorated throughout, and benefits from a stylish new bathroom. Located in the popular semi-rural village of Lamplugh, the property enjoys easy access into the Western lakes, and the neighbouring towns of Workington, and Cockermouth are easily accessible. This would make this an ideal property for anyone looking for a second home close the Lake District, or perhaps an Air B&B. Entering the property you will find yourself in a well presented lounge, with an open chimney breast, with freestanding electric fire, and an oak door will lead you through into a good size rear kitchen, with newly laid ceramic wood effect tiled floor, and a wooden glazed door, that leads into the rear porch. To the first floor there are two bedrooms, the master to the front of the property is light and spacious, with neutral modern décor, the second bedroom is located at the rear of the property which again has recently been decorated. The stylish modern bathroom is conveniently located between the bedrooms. Externally there is on street parking to the front of the property, and a bin storage to the rear.

Agent Details

First Choice Move, Lillyhall

01946 552543

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪