2 Bed Terraced House, Single Let, Workington, CA14 3TQ, £55,000

329 MOSS BAY ROAD, WORKINGTON, CUMBRIA, CA14 3TQ - 13 views - 5 months ago

Sold STC
Leasehold
BTL
ROI: 16%
~68 m²
+2 photos

ValuationUndervalued

Sold Prices£40K - £140K
Sold Prices/m²£449/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£67,100
BMV22%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£2,850

Total Cash In

£16,600

 

 

Cash Out

 

Rent Range

£470 - £750

Rent Estimate

£511

Running Costs/mo

£294

Cashflow/mo

£217

Cashflow/yr

£2,603

ROI

16%

Gross Yield

11%

Local Sold Prices

50 sold prices from £40K to £140K, average is £80K. £449/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£73.5K12/220.02 mi280, Moss Bay Road, Workington, Cumbria CA14 3TH2
£73K01/230.07 mi8, Northcote Street, Workington, Cumbria CA14 3TY2
£65K05/230.09 mi253, Moss Bay Road, Workington, Cumberland CA14 3TG2
£99K01/230.11 mi17, Cranbourne Street, Workington, Cumbria CA14 3TZ2
£60K09/210.13 mi9, Salisbury Street, Workington, Cumbria CA14 3TS2
£40K03/210.15 mi2, Beach Street, Workington, Cumbria CA14 3TP2
£77.5K03/230.16 mi219, Moss Bay Road, Workington, Cumberland CA14 3TF2
£80K12/200.16 mi39, Westfield Drive, Workington, Cumbria CA14 5AX2
£59K08/210.3 mi4, Windsor Road, Workington, Cumbria CA14 5BG2
£97K08/210.33 mi2, Shore Terrace, Salterbeck, Workington, Cumbria CA14 5HJ2
£80K10/210.37 mi36, Needham Drive, Workington, Cumbria CA14 3SD2
£88K05/210.47 mi16, Beverley Close, Workington, Cumbria CA14 3PW2
£87.5K04/230.52 mi17, Edinburgh Avenue, Workington, Cumberland CA14 3NY2
£89K06/210.55 mi40, Elterwater Avenue, Workington, Cumbria CA14 3JZ2
£71K02/230.57 mi205, Harrington Road, Workington, Cumbria CA14 3XD2
£80K06/230.57 mi209, Harrington Road, Workington, Cumberland CA14 3XD2
£140K01/230.58 mi27, Elterwater Avenue, Workington, Cumbria CA14 3JZ2
£137K09/210.63 mi86, Newlands Lane South, Workington, Cumbria CA14 3NJ2
£135K05/210.63 mi100, Newlands Lane South, Workington, Cumbria CA14 3NJ2
£80K06/210.63 mi8, Islay Place, Workington, Cumbria CA14 3XB2
£94K05/210.65 mi4, Frostoms Road, Workington, Cumbria CA14 3UP2
£95.5K05/210.65 mi6, Frostoms Road, Workington, Cumbria CA14 3UP2
£85K09/210.65 mi95, Newlands Gardens, Workington, Cumbria CA14 3PE2
£58.5K11/210.66 mi32, Coronation Drive, Salterbeck, Workington, Cumbria CA14 5LS2
£81K09/210.67 mi67, Frostoms Road, Workington, Cumbria CA14 3UR2
£135.5K03/230.67 mi24, Frostoms Road, Workington, Cumbria CA14 3UR2
£75K03/210.72 mi1, Pilgrim Street, Workington, Cumbria CA14 2RA2
£83K04/210.72 mi7, Pilgrim Street, Workington, Cumbria CA14 2RA2
£73K12/220.72 mi162, Newlands Gardens, Workington, Cumbria CA14 3PE2
£71K06/230.72 mi168, Newlands Gardens, Workington, Cumberland CA14 3PE2
£77K12/200.72 mi69, Victoria Road, Workington, Cumbria CA14 2QU2
£86K02/210.72 mi110, Victoria Road, Workington, Cumbria CA14 2QU2
£60K07/210.74 mi14, Victoria Road, Workington, Cumbria CA14 2QT2
£90K09/210.74 mi21, Victoria Road, Workington, Cumbria CA14 2QT2
£80K07/230.74 mi29, Victoria Road, Workington, Cumberland CA14 2QT2
£75K12/220.74 mi34, Victoria Road, Workington, Cumbria CA14 2QT2
£78K11/200.74 mi6, Cumberland Street, Workington, Cumbria CA14 2SP2
£102K04/210.75 mi6, Crosthwaite Court, Workington, Cumbria CA14 3SQ2
£40K06/210.76 mi17, Cumberland Street, Workington, Cumbria CA14 2QP2
£80K01/230.76 mi29, Cumberland Street, Workington, Cumbria CA14 2QP2
£80K11/200.76 mi22, Cumberland Street, Workington, Cumbria CA14 2QP2
£93K04/210.76 mi72, Cumberland Street, Workington, Cumbria CA14 2QP2
£100K06/230.76 mi80, Cumberland Street, Workington, Cumberland CA14 2QP2
£68K02/230.76 mi90, Bolton Street, Workington, Cumbria CA14 2SW2
£82K12/220.76 mi95, Bolton Street, Workington, Cumbria CA14 2SW2
£94K06/230.77 mi3, Pearson Street, Workington, Cumberland CA14 2QR2
£83K03/230.77 mi25, Pearson Street, Workington, Cumberland CA14 2QR2
£100K04/210.8 mi3, Infirmary Road, Workington, Cumbria CA14 2UG2
£91.5K06/210.82 mi8, Albert Street, Workington, Cumbria CA14 2QH2
£79K10/210.82 mi23, Udale Court, Workington, Cumbria CA14 3SJ2

Local Rents

32 rents from £470/mo to £750/mo, average is £575/mo.

RentDateDistanceAddressBeds 
£57503/240.17 miMoss Bay Road, Workington, CA142
£57503/240.17 miMoss Bay Road, Workington, CA142
£55010/230.19 mi-2
£56003/240.22 miMoss Bay Road, Workington, CA142
£62505/240.43 miNeedham Drive, Workington, CA142
£55003/240.63 miIslay Place, Workington, CA142
£65010/240.67 mi-2
£62505/240.67 miFrostoms Road, Workington2
£61003/240.75 miVictoria Road, Workington, CA142
£75003/250.75 mi-2
£69503/250.76 mi-2
£55003/240.76 miBolton Street, Workington, Cumbria, CA14 2SW2
£57503/240.76 miBolton Street, Workington2
£52502/240.83 mi-2
£57511/230.83 mi-2
£62511/240.83 mi-2
£59503/240.91 mi-2
£59503/240.91 miPrimrose Crescent, Harrington, Workington, CA142
£60004/240.95 miAshton Street, Workington2
£57003/240.96 miGray Street, Workington2
£65003/250.97 mi-2
£59503/240.99 miHunter Street, Workington2
£75009/240.99 mi-2
£56504/241.01 miGladstone Street, Workington2
£47002/241.02 mi-2
£55003/241.02 miLonsdale Street, Workington, CA142
£57505/241.03 mi-2
£57504/241.03 miBurnside, Harrington, Workington, CA142
£52504/241.05 mi-2
£62502/241.08 mi-2
£69503/251.08 mi-2
£50010/241.2 mi-2

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.95 miles away

Nearest school

0.30 miles away

Nearest train station

1.10 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £55,000

November 5, 2024

Floor Plans

Description

  • Terrace cottage with easy access to town +
  • Ready to be refurbished/modernised +
  • Living room and separate dining room +
  • Kitchen and ground floor wet room +
  • Two first floor double bedrooms +
  • Offered for sale with no onward chain +

Offered for sale with no onward chain, this terraced cottage style home will make a perfect buy for someone wanting to modernise and upgrade. Located at the far end of Moss Bay Road, the property includes an entrance hall with opening to dining room, a separate living room, a kitchen and ground floor wet room, plus two double bedrooms to the first floor. There is a yard to the rear. Priced to reflect condition this should be snapped up quick... EPC band TBC

Agent Details

Lillingtons Estate Agents, Whitehaven

01946 550981

Next Steps?

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