2 Bed Terraced House, Motivated Seller, Workington, CA14 3TZ, £71,000

Cranbourne Street, Workington, Cumberland, CA14 3TZ - 4 views - 2 months ago

Motivated
BTL
ROI: 9%
~68 m²
+7 photos

ValuationUndervalued

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

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£73,130
BMV3%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£17,750

Stamp Duty & Legal Fees

£3,330

Total Cash In

£21,080

 

 

Cash Out

 

Rent Range

£470 - £750

Rent Estimate

£509

Running Costs/mo

£344

Cashflow/mo

£165

Cashflow/yr

£1,984

ROI

9%

Gross Yield

9%

Local Sold Prices

50 sold prices from £40K to £140K, average is £80.5K. £449/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£65K05/230.02 mi253, Moss Bay Road, Workington, Cumberland CA14 3TG2
£99K01/230.03 mi17, Cranbourne Street, Workington, Cumbria CA14 3TZ2
£73K01/230.03 mi8, Northcote Street, Workington, Cumbria CA14 3TY2
£60K09/210.05 mi9, Salisbury Street, Workington, Cumbria CA14 3TS2
£40K03/210.08 mi2, Beach Street, Workington, Cumbria CA14 3TP2
£73.5K12/220.08 mi280, Moss Bay Road, Workington, Cumbria CA14 3TH2
£77.5K03/230.09 mi219, Moss Bay Road, Workington, Cumberland CA14 3TF2
£80K12/200.16 mi39, Westfield Drive, Workington, Cumbria CA14 5AX2
£59K08/210.29 mi4, Windsor Road, Workington, Cumbria CA14 5BG2
£80K10/210.34 mi36, Needham Drive, Workington, Cumbria CA14 3SD2
£97K08/210.4 mi2, Shore Terrace, Salterbeck, Workington, Cumbria CA14 5HJ2
£88K05/210.41 mi16, Beverley Close, Workington, Cumbria CA14 3PW2
£87.5K04/230.45 mi17, Edinburgh Avenue, Workington, Cumberland CA14 3NY2
£89K06/210.48 mi40, Elterwater Avenue, Workington, Cumbria CA14 3JZ2
£71K02/230.49 mi205, Harrington Road, Workington, Cumbria CA14 3XD2
£80K06/230.49 mi209, Harrington Road, Workington, Cumberland CA14 3XD2
£140K01/230.5 mi27, Elterwater Avenue, Workington, Cumbria CA14 3JZ2
£80K06/210.55 mi8, Islay Place, Workington, Cumbria CA14 3XB2
£137K09/210.56 mi86, Newlands Lane South, Workington, Cumbria CA14 3NJ2
£135K05/210.56 mi100, Newlands Lane South, Workington, Cumbria CA14 3NJ2
£94K05/210.57 mi4, Frostoms Road, Workington, Cumbria CA14 3UP2
£95.5K05/210.57 mi6, Frostoms Road, Workington, Cumbria CA14 3UP2
£85K09/210.58 mi95, Newlands Gardens, Workington, Cumbria CA14 3PE2
£81K09/210.59 mi67, Frostoms Road, Workington, Cumbria CA14 3UR2
£135.5K03/230.59 mi24, Frostoms Road, Workington, Cumbria CA14 3UR2
£75K03/210.64 mi1, Pilgrim Street, Workington, Cumbria CA14 2RA2
£83K04/210.64 mi7, Pilgrim Street, Workington, Cumbria CA14 2RA2
£77K12/200.65 mi69, Victoria Road, Workington, Cumbria CA14 2QU2
£86K02/210.65 mi110, Victoria Road, Workington, Cumbria CA14 2QU2
£73K12/220.65 mi162, Newlands Gardens, Workington, Cumbria CA14 3PE2
£71K06/230.65 mi168, Newlands Gardens, Workington, Cumberland CA14 3PE2
£60K07/210.66 mi14, Victoria Road, Workington, Cumbria CA14 2QT2
£90K09/210.66 mi21, Victoria Road, Workington, Cumbria CA14 2QT2
£80K07/230.66 mi29, Victoria Road, Workington, Cumberland CA14 2QT2
£75K12/220.67 mi34, Victoria Road, Workington, Cumbria CA14 2QT2
£78K11/200.67 mi6, Cumberland Street, Workington, Cumbria CA14 2SP2
£40K06/210.68 mi17, Cumberland Street, Workington, Cumbria CA14 2QP2
£80K01/230.68 mi29, Cumberland Street, Workington, Cumbria CA14 2QP2
£80K11/200.68 mi22, Cumberland Street, Workington, Cumbria CA14 2QP2
£93K04/210.68 mi72, Cumberland Street, Workington, Cumbria CA14 2QP2
£100K06/230.68 mi80, Cumberland Street, Workington, Cumberland CA14 2QP2
£68K02/230.69 mi90, Bolton Street, Workington, Cumbria CA14 2SW2
£102K04/210.69 mi6, Crosthwaite Court, Workington, Cumbria CA14 3SQ2
£82K12/220.69 mi95, Bolton Street, Workington, Cumbria CA14 2SW2
£94K06/230.7 mi3, Pearson Street, Workington, Cumberland CA14 2QR2
£83K03/230.7 mi25, Pearson Street, Workington, Cumberland CA14 2QR2
£58.5K11/210.71 mi32, Coronation Drive, Salterbeck, Workington, Cumbria CA14 5LS2
£100K04/210.72 mi3, Infirmary Road, Workington, Cumbria CA14 2UG2
£91.5K06/210.75 mi8, Albert Street, Workington, Cumbria CA14 2QH2
£91.5K10/210.76 mi19, Vulcans Lane, Workington, Cumbria CA14 2NU2

Local Rents

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

RentDateDistanceAddressBeds 
£55010/230.12 mi-2
£56003/240.14 miMoss Bay Road, Workington, CA142
£57503/240.25 miMoss Bay Road, Workington, CA142
£57503/240.25 miMoss Bay Road, Workington, CA142
£62505/240.41 miNeedham Drive, Workington, CA142
£55003/240.56 miIslay Place, Workington, CA142
£65010/240.59 mi-2
£62505/240.59 miFrostoms Road, Workington2
£61003/240.67 miVictoria Road, Workington, CA142
£75003/250.68 mi-2
£69503/250.68 mi-2
£55003/240.69 miBolton Street, Workington, Cumbria, CA14 2SW2
£57503/240.69 miBolton Street, Workington2
£57511/230.75 mi-2
£62511/240.75 mi-2
£52502/240.76 mi-2
£60004/240.87 miAshton Street, Workington2
£57003/240.88 miGray Street, Workington2
£65003/250.89 mi-2
£59503/240.91 miHunter Street, Workington2
£75009/240.92 mi-2
£56504/240.94 miGladstone Street, Workington2
£47002/240.95 mi-2
£55003/240.96 miLonsdale Street, Workington, CA142
£59503/240.96 mi-2
£59503/240.96 miPrimrose Crescent, Harrington, Workington, CA142
£52504/240.97 mi-2
£62502/241.01 mi-2
£69503/251.01 mi-2
£57505/241.08 mi-2
£57504/241.08 miBurnside, Harrington, Workington, CA142
£50010/241.13 mi-2
£52511/231.23 mi-2
£59503/241.23 miThorncroft Gardens, Workington2

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.88 miles away

Nearest school

0.30 miles away

Nearest train station

1.04 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £71,000

February 19, 2025

Floor Plans

Description

  • Council Tax Band A, Freehold, +
  • Ideal Starter Home +
  • Well Presented Throughout +
  • Spacious Living Room +
  • Modern Fitted Kitchen +
  • Two Double Bedrooms +
  • Family Bathroom +
  • Rear Yard +
  • Easy Access to the Centre of Workington +
  • Viewing Advised +

This ideal starter home is immaculate inside with a range of stylish modern touches. Situated close to the centre of Workington, early viewing is advised.

This mid terrace home is located in Workington with close proximity to a range of amenities, schools, shopping facilities, food/drink establishments and more. The area also offers excellent road and transport links for travel both locally and further afield.

The accommodation briefly comprises a welcoming entrance way, a spacious living room and a fitted kitchen.

To the first floor is an inviting landing area through to two well-proportioned bedrooms and a three-piece bathroom

Externally, the property benefits from an L Shaped rear yard with a brick built shed

This home is an excellent find. We anticipate a high amount of interest and as such we would recommend that any interested buyers inquire to arrange a viewing at the earliest convenience to ensure the opportunity is not missed.

Premium Fast Sale

The innovative Premium Fast Sale Plus method from Springbok Properties is a secure and straightforward way to buy property. It works like a typical sale, with a number of added benefits to the buyer.

Benefits

o Carefully implemented security measures
o A speedy process
o Realistically priced properties
o A Buy it Now option (ask for further information on this feature from our advisors)
o A significantly reduced chance of fall-throughs
o No risk of being "gazumped"
o The full focus of our highly motivated team

Springbok Properties' Premium Fast Sale Plus puts you in the driving seat thanks to our fast and secure methods.

All properties are competitively priced and carefully managed by motivated sellers for a quick, stress-free transaction.

Deposit

Sales can be secured with a reservation deposit of £2,500. This forms part of the final purchase price and is NOT an extra cost.

This deposit ensures that the property is taken off the market as soon as a sale is agreed. It is then exclusively reserved for you, eliminating gazumping, time wasting and financial loss.

An administration fee of £396 is required in order to draw up an exclusive legally binding contract between the buyer and seller. This gives the buyer exclusive rights to purchase within a pre-agreed timeframe.

Exclusivity

Following the payment of the above amount, Springbok Properties will facilitate a fixed exclusivity period (approximately 12 weeks). During this time, surveys should be arranged and preparations made for the exchange of contracts. The property will be reserved, so there will be no risk of gazumping.

Process

Our Premium Fast Sale Plus follows the below process:

STEP 1 - Register your interest
STEP 2 - Prepare your finances for the purchase
STEP 3 - Arrange a viewing
STEP 4 - Make an offer
STEP 5 - Secure your sale using our secure system
STEP 6 - Exchange and complete

Don't miss out on the chance to purchase this property. Call us today for further information and to arrange a viewing.

If you're interested in this property, we urge you to contact us immediately to arrange an early viewing and get the process started. This will help you to avoid missing out on this opportunity.

Springbok Properties' innovative Premium Fast Sale Plus is a secure and straightforward way to buy property.

Please note: to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Please call us now to book an appointment.

We highly recommend early viewing as this property is priced relatively low and is likely to generate quite an interest.

Please call us now to book an appointment.

Call Recording

Please note to ensure the highest level of customer service, all calls may be recorded and monitored for training and quality purposes.

Disclaimer

Springbok Properties for itself and the Vendors or lessors of properties for whom they act give notice that:

The details shown on this website are a general outline for the guidance of intending purchasers, and do not constitute, nor constitute part of, an offer or contract or sales particulars. All descriptions, dimensions, references to condition and other details are given in good faith and are believed to be correct but any intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection, searches, survey, enquiries or otherwise as to their correctness. We have not been able to test any of the building service installations and recommend that prospective purchasers arrange for a qualified person to check them before entering into any commitment. Further, any reference to, or use of any part of the properties is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

TENURE

To be confirmed by the Vendor's Solicitors

Note

The price given is a marketing price and not an indication of the property's market value. The vendor like any seller is looking to achieve the maximum price possible. Hence, by making an enquiry on this property, you recognise and understand that this property is strictly offers in excess of the marketing price provided.

How to View this Property

Viewing is strictly by appointment please call us now for bookings.

AML REGULATIONS & PROOF OF FUNDING: Any proposed purchasers will be asked to provide identification and proof of funding before any offer is accepted. We would appreciate your co-operation with this to ensure there are no delays in agreeing the sale.

Agent Details

Springbok Properties, Nationwide

0161 416 6302

Next Steps?

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