3 Bed Terraced House, Refurb/BRRR, Workington, CA14 2XH, £95,000

95 Gladstone Street, Workington, CA14 2XH - 3 views - 2 months ago

Refurb/BRRR
ROI: 5%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£40K - £220K
Sold Prices/m²£392/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£97,850
BMV3%

 

 

End Value (After Refurb)

£86,894

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£4,050

Refurb Costs

£36,593

Bridging Loan Interest

£2,494

Total Cash In

£68,637

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£86,894

Mortgage (After Refinance)

£65,171

Mortgage LTV

75%

Cash Left In

£68,637

Equity

£21,724

Rent Range

£550 - £850

Rent Estimate

£720

Running Costs/mo

£436

Cashflow/mo

£284

Cashflow/yr

£3,413

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £220K, average is £112.8K. £392/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£80K04/210.03 mi12, Wall Street, Workington, Cumbria CA14 2XU3
£64K02/210.07 mi14, Cadman Street, Workington, Cumbria CA14 2TR3
£98K04/230.08 mi27, Lonsdale Street, Workington, Cumberland CA14 2YD3
£122.5K06/230.13 mi43, New South Watt Street, Workington, Cumberland CA14 2RZ3
£80K10/210.16 mi101, Senhouse Street, Workington, Cumbria CA14 2SJ3
£108K06/210.18 mi89, Corporation Road, Workington, Cumbria CA14 2PL3
£127K12/200.19 mi28, Dora Crescent, Workington, Cumbria CA14 2EZ3
£130K07/210.2 mi18, Park Lane, Workington, Cumbria CA14 2QA3
£103K05/230.21 mi130, Corporation Road, Workington, Cumberland CA14 2PN3
£135K03/230.22 mi2, Wordsworth Street, Workington, Cumbria CA14 2QD3
£170K02/230.23 mi5, Wordsworth Street, Workington, Cumbria CA14 2QD3
£118K10/210.25 mi136, Corporation Road, Workington, Cumbria CA14 2PW3
£155K02/230.28 mi21, Belvedere Street, Workington, Cumbria CA14 2NE3
£110K12/210.3 mi65, Frazer Street, Workington, Cumbria CA14 2QW3
£130K07/230.3 mi55, Frazer Street, Workington, Cumberland CA14 2QW3
£140K05/230.31 mi132, Vulcans Lane, Workington, Cumberland CA14 2ND3
£119K03/230.34 mi81, Cumberland Street, Workington, Cumberland CA14 2QP3
£102K02/210.34 mi67, Cumberland Street, Workington, Cumbria CA14 2QP3
£83K06/230.34 mi26, Cumberland Street, Workington, Cumberland CA14 2QP3
£76.5K04/230.34 mi32, Victoria Road, Workington, Cumberland CA14 2QT3
£87.5K05/210.34 mi17, Victoria Road, Workington, Cumbria CA14 2QT3
£110K04/210.35 mi12, Warwick Place, Workington, Cumbria CA14 2BH3
£90K12/220.35 mi43, Vulcans Lane, Workington, Cumbria CA14 2NR3
£135K10/200.36 mi1, Hunter Street, Workington, Cumbria CA14 2NG3
£100K12/210.38 mi17, Albert Street, Workington, Cumbria CA14 2QJ3
£110K01/210.4 mi21, Gray Street, Workington, Cumbria CA14 2NH3
£75K04/210.4 mi14, Darcy Street, Workington, Cumbria CA14 2NS3
£106K07/210.41 mi35, Douglas Road, Workington, Cumbria CA14 2QY3
£130K08/230.41 mi32, Douglas Road, Workington, Cumberland CA14 2QY3
£115K12/200.41 mi49, Hartington Street, Workington, Cumbria CA14 2NY3
£150K04/210.46 mi163, Harrington Road, Workington, Cumbria CA14 3UZ3
£155K07/210.46 mi161, Harrington Road, Workington, Cumbria CA14 3UZ3
£128K12/220.48 mi33, Peter Street, Workington, Cumbria CA14 3DW3
£135K02/230.51 mi48, Frostoms Road, Workington, Cumbria CA14 3UR3
£140K10/200.51 mi76, Frostoms Road, Workington, Cumbria CA14 3UR3
£96K12/200.51 mi72, Frostoms Road, Workington, Cumbria CA14 3UR3
£155K02/230.53 mi40, Mason Street, Workington, Cumbria CA14 3EQ3
£40K07/210.53 mi16, Mason Street, Workington, Cumbria CA14 3EQ3
£110K08/210.54 mi17, Ashton Street, Workington, Cumbria CA14 3HD3
£40K02/230.58 mi83, Hillcrest, Northside, Workington, Cumbria CA14 1AH3
£129.5K03/230.58 mi10, Berwick Street, Workington, Cumberland CA14 3EN3
£110.5K12/200.58 mi33, St Michaels Road, Workington, Cumbria CA14 3EZ3
£76.5K10/200.58 mi31, St Michaels Road, Workington, Cumbria CA14 3EZ3
£150K06/230.58 mi16, St Michaels Road, Workington, Cumberland CA14 3EZ3
£105K03/210.58 mi48, Northumberland Street, Workington, Cumbria CA14 3EY3
£128.3K04/210.59 mi5, Dalston Road, Workington, Cumbria CA14 3EJ3
£105K02/210.59 mi13, Mason Street, Workington, Cumbria CA14 3EH3
£160K05/210.6 mi33, Hartside Court, Workington, Cumbria CA14 2UB3
£120K01/230.61 mi20, Hartside Court, Workington, Cumbria CA14 2UB3
£220K06/230.61 mi14, Banklands, Workington, Cumberland CA14 3EL3

Local Rents

13 rents from £550/mo to £850/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£69503/240.12 miNew South Watt Street, Workington3
£65004/240.34 miVictoria Road, Workington, CA143
£70008/230.45 mi-3
£55005/240.52 miDevonshire Street, Workington, Cumbria, CA143
£70004/240.52 miRoseberry Street, Workington, Cumbria, CA143
£80010/230.66 mi-3
£85011/240.66 mi-3
£80004/250.66 mi-3
£57504/240.93 miMoss Bay Road, Workington3
£79505/240.94 miPeacock Way, Workington3
£79505/240.94 miPeacock Way, Workington3
£70001/251 mi-3
£75003/241.08 miChaucer Road, Workington3

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.79 miles away

Nearest school

0.10 miles away

Nearest train station

0.10 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £95,000

February 12, 2025

Floor Plans

Description

A much loved family home, now looking for new owners.

In need of some modernisation, this great property has lots of space where it matters most.

Set over three floors, the ground floor houses the lounge and a large kitchen. The first floor houses the largest double bedroom and the family bathroom which has a double shower cubicle. A handy office/box room is great for anyone who works from home and can also be utilised as a fourth bedroom.

Two more double bedrooms are located on the second floor, each having plenty of headroom and lots of space for beds and bedroom furniture.

Outside there is a large yard with secure outbuildings that are perfect for storage.

The property is heated by a recently serviced gas boiler and has double glazed windows throughout.

This large, solid property just needs a little TLC and imagination to become a great family home. Early viewing is highly recommended.

Lounge - 4.16 x 3.44 (13'7" x 11'3") -

Kitchen - 4.16 x 3.58 (13'7" x 11'8") -

Bedroom 1 - 4.16 x 3.44 (13'7" x 11'3") -

Bedroom 2 - 4.10 x 4.44 (13'5" x 14'6") -

Bedroom 3 - 4.10 x 2.72 (13'5" x 8'11") -

Bathroom -

Agent Details

Open House Estate Agents, Nationwide

020 3910 1882

Next Steps?

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