3 Bed Terraced House, Single Let, Workington, CA14 2QP, £70,000

Cumberland Street, Workington, CA14 2QP - 5 months ago

Sold STC
Leasehold
BTL
ROI: 14%
~86 m²
+7 photos

ValuationUndervalued

Sold Prices£40K - £255K
Sold Prices/m²£392/m² - £1.8K/m²

 

 

Square Metres

~86.05 m²
Price/m²£813/m²

Value Estimate

£85,400
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,500

Stamp Duty & Legal Fees

£4,700

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£550 - £1,150

Rent Estimate

£631

Running Costs/mo

£365

Cashflow/mo

£266

Cashflow/yr

£3,193

ROI

14%

Gross Yield

11%

Local Sold Prices

50 sold prices from £40K to £255K, average is £116.5K. £392/m² to £1.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£119K03/230 mi81, Cumberland Street, Workington, Cumberland CA14 2QP3
£102K02/210 mi67, Cumberland Street, Workington, Cumbria CA14 2QP3
£83K06/230 mi26, Cumberland Street, Workington, Cumberland CA14 2QP3
£76.5K04/230.03 mi32, Victoria Road, Workington, Cumberland CA14 2QT3
£87.5K05/210.03 mi17, Victoria Road, Workington, Cumbria CA14 2QT3
£110K12/210.04 mi65, Frazer Street, Workington, Cumbria CA14 2QW3
£130K07/230.04 mi55, Frazer Street, Workington, Cumberland CA14 2QW3
£118K10/210.1 mi136, Corporation Road, Workington, Cumbria CA14 2PW3
£100K12/210.1 mi17, Albert Street, Workington, Cumbria CA14 2QJ3
£106K07/210.11 mi35, Douglas Road, Workington, Cumbria CA14 2QY3
£130K08/230.11 mi32, Douglas Road, Workington, Cumberland CA14 2QY3
£170K02/230.12 mi5, Wordsworth Street, Workington, Cumbria CA14 2QD3
£135K03/230.12 mi2, Wordsworth Street, Workington, Cumbria CA14 2QD3
£150K04/210.13 mi163, Harrington Road, Workington, Cumbria CA14 3UZ3
£103K05/230.13 mi130, Corporation Road, Workington, Cumberland CA14 2PN3
£155K07/210.13 mi161, Harrington Road, Workington, Cumbria CA14 3UZ3
£90K12/220.14 mi43, Vulcans Lane, Workington, Cumbria CA14 2NR3
£130K07/210.16 mi18, Park Lane, Workington, Cumbria CA14 2QA3
£108K06/210.17 mi89, Corporation Road, Workington, Cumbria CA14 2PL3
£115K12/200.17 mi49, Hartington Street, Workington, Cumbria CA14 2NY3
£135K02/230.18 mi48, Frostoms Road, Workington, Cumbria CA14 3UR3
£140K10/200.18 mi76, Frostoms Road, Workington, Cumbria CA14 3UR3
£96K12/200.18 mi72, Frostoms Road, Workington, Cumbria CA14 3UR3
£75K04/210.18 mi14, Darcy Street, Workington, Cumbria CA14 2NS3
£80K10/210.22 mi101, Senhouse Street, Workington, Cumbria CA14 2SJ3
£135K10/200.23 mi1, Hunter Street, Workington, Cumbria CA14 2NG3
£110K01/210.24 mi21, Gray Street, Workington, Cumbria CA14 2NH3
£64K02/210.27 mi14, Cadman Street, Workington, Cumbria CA14 2TR3
£120K01/230.27 mi20, Hartside Court, Workington, Cumbria CA14 2UB3
£160K05/210.28 mi33, Hartside Court, Workington, Cumbria CA14 2UB3
£40K07/210.28 mi16, Mason Street, Workington, Cumbria CA14 3EQ3
£155K02/230.28 mi40, Mason Street, Workington, Cumbria CA14 3EQ3
£155K02/230.29 mi21, Belvedere Street, Workington, Cumbria CA14 2NE3
£105K02/210.29 mi13, Mason Street, Workington, Cumbria CA14 3EH3
£122.5K06/230.3 mi43, New South Watt Street, Workington, Cumberland CA14 2RZ3
£98K04/230.3 mi27, Lonsdale Street, Workington, Cumberland CA14 2YD3
£140K05/230.31 mi132, Vulcans Lane, Workington, Cumberland CA14 2ND3
£128.3K04/210.31 mi5, Dalston Road, Workington, Cumbria CA14 3EJ3
£129.5K03/230.32 mi10, Berwick Street, Workington, Cumberland CA14 3EN3
£80K04/210.32 mi12, Wall Street, Workington, Cumbria CA14 2XU3
£110K08/210.32 mi17, Ashton Street, Workington, Cumbria CA14 3HD3
£105K03/210.33 mi48, Northumberland Street, Workington, Cumbria CA14 3EY3
£220K06/230.33 mi14, Banklands, Workington, Cumberland CA14 3EL3
£255K07/230.34 mi22, Banklands, Workington, Cumberland CA14 3EU3
£160K12/220.35 mi23, Grasmere Avenue, Workington, Cumbria CA14 3LY3
£110.5K12/200.35 mi33, St Michaels Road, Workington, Cumbria CA14 3EZ3
£76.5K10/200.35 mi31, St Michaels Road, Workington, Cumbria CA14 3EZ3
£150K06/230.35 mi16, St Michaels Road, Workington, Cumberland CA14 3EZ3
£128K12/220.35 mi33, Peter Street, Workington, Cumbria CA14 3DW3
£100K01/210.36 mi54, Wastwater Avenue, Workington, Cumbria CA14 3QR3

Local Rents

15 rents from £550/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£65004/240.02 miVictoria Road, Workington, CA143
£70004/240.25 miRoseberry Street, Workington, Cumbria, CA143
£69503/240.28 miNew South Watt Street, Workington3
£70008/230.33 mi-3
£55005/240.39 miDevonshire Street, Workington, Cumbria, CA143
£80004/250.56 mi-3
£57504/240.67 miMoss Bay Road, Workington3
£70001/250.67 mi-3
£75003/240.77 miChaucer Road, Workington3
£79505/240.77 miPeacock Way, Workington3
£79505/240.77 miPeacock Way, Workington3
£80010/230.92 mi-3
£85011/240.92 mi-3
£1,15009/241.08 mi-3
£90003/241.22 miCurwendale, Stainburn, Workington, CA143

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.52 miles away

Nearest school

0.10 miles away

Nearest train station

0.44 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Price changed to £70,000

November 20, 2024

Listed for £80,000

October 28, 2024

Floor Plans

Description

  • Offered for sale with no forward chain +
  • Deceptively spacious, traditional terraced home +
  • Well presented property set over three floors +
  • Spacious, dual aspect lounge diner +
  • Good sized kitchen +
  • Property benefits from three bedrooms +
  • Large, family bathroom to the second floor +
  • Low maintenance rear yard +
  • Close to popular local schools +
  • Easy walking distance to the town centre +

Offered for sale with no forward chain is this deceptively spacious terraced home, set over three floors. Located on a quiet residential street, just a stone's throw from Victoria Jr School, and Workington town centre, with the train station just a ten minute walk away, and Vulcans Park can be reached in less than five minutes. The relatively new convenience store located on Harrington road, is also just around the corner, just a two minute walk away. The property would be an ideal purchase for first time buyers, couples or with its three bedrooms, would also suit a family. Stepping inside, the vestibule leads to the spacious, dual aspect lounge diner, with central stairs to the first floor. From here there is access to a good sized galley kitchen. To the first floor, the landing leads to two generously sized double bedrooms and continues up to the second floor. To the second floor there is a third bedroom, with under eaves storage and skylight window and the large, family bathroom, with exposed ceiling beam. Externally, to the rear there is a good sized L-shaped rear yard, with outside tap and gated access to the lane. Viewing is essential to appreciate the potential on offer.

Agent Details

First Choice Move, Lillyhall

01946 552543

Next Steps?

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