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

Queen Street, Workington, CA14 2PY - 3 views - a month ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£40K - £255K
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)

£97,278

Uplift in Value

+2%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£23,750

Stamp Duty & Legal Fees

£5,950

Refurb Costs

£36,593

Bridging Loan Interest

£2,494

Total Cash In

£70,537

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£97,278

Mortgage (After Refinance)

£72,958

Mortgage LTV

75%

Cash Released

£1,708

Cash Left In

£68,829

Equity

£24,319

Rent Range

£550 - £1,150

Rent Estimate

£761

Running Costs/mo

£476

Cashflow/mo

£285

Cashflow/yr

£3,418

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £40K to £255K, average is £116.5K. £392/m² to £1.8K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£170K02/230.02 mi5, Wordsworth Street, Workington, Cumbria CA14 2QD3
£135K03/230.02 mi2, Wordsworth Street, Workington, Cumbria CA14 2QD3
£130K07/210.03 mi18, Park Lane, Workington, Cumbria CA14 2QA3
£108K06/210.03 mi89, Corporation Road, Workington, Cumbria CA14 2PL3
£103K05/230.06 mi130, Corporation Road, Workington, Cumberland CA14 2PN3
£118K10/210.08 mi136, Corporation Road, Workington, Cumbria CA14 2PW3
£110K12/210.1 mi65, Frazer Street, Workington, Cumbria CA14 2QW3
£130K07/230.1 mi55, Frazer Street, Workington, Cumberland CA14 2QW3
£80K10/210.14 mi101, Senhouse Street, Workington, Cumbria CA14 2SJ3
£119K03/230.14 mi81, Cumberland Street, Workington, Cumberland CA14 2QP3
£102K02/210.14 mi67, Cumberland Street, Workington, Cumbria CA14 2QP3
£83K06/230.14 mi26, Cumberland Street, Workington, Cumberland CA14 2QP3
£64K02/210.15 mi14, Cadman Street, Workington, Cumbria CA14 2TR3
£122.5K06/230.16 mi43, New South Watt Street, Workington, Cumberland CA14 2RZ3
£90K12/220.16 mi43, Vulcans Lane, Workington, Cumbria CA14 2NR3
£76.5K04/230.16 mi32, Victoria Road, Workington, Cumberland CA14 2QT3
£87.5K05/210.16 mi17, Victoria Road, Workington, Cumbria CA14 2QT3
£98K04/230.16 mi27, Lonsdale Street, Workington, Cumberland CA14 2YD3
£100K12/210.17 mi17, Albert Street, Workington, Cumbria CA14 2QJ3
£155K02/230.19 mi21, Belvedere Street, Workington, Cumbria CA14 2NE3
£135K10/200.2 mi1, Hunter Street, Workington, Cumbria CA14 2NG3
£80K04/210.2 mi12, Wall Street, Workington, Cumbria CA14 2XU3
£75K04/210.21 mi14, Darcy Street, Workington, Cumbria CA14 2NS3
£115K12/200.21 mi49, Hartington Street, Workington, Cumbria CA14 2NY3
£140K05/230.22 mi132, Vulcans Lane, Workington, Cumberland CA14 2ND3
£110K01/210.23 mi21, Gray Street, Workington, Cumbria CA14 2NH3
£106K07/210.24 mi35, Douglas Road, Workington, Cumbria CA14 2QY3
£130K08/230.24 mi32, Douglas Road, Workington, Cumberland CA14 2QY3
£150K04/210.27 mi163, Harrington Road, Workington, Cumbria CA14 3UZ3
£155K07/210.27 mi161, Harrington Road, Workington, Cumbria CA14 3UZ3
£127K12/200.3 mi28, Dora Crescent, Workington, Cumbria CA14 2EZ3
£135K02/230.31 mi48, Frostoms Road, Workington, Cumbria CA14 3UR3
£140K10/200.31 mi76, Frostoms Road, Workington, Cumbria CA14 3UR3
£96K12/200.31 mi72, Frostoms Road, Workington, Cumbria CA14 3UR3
£110K04/210.31 mi12, Warwick Place, Workington, Cumbria CA14 2BH3
£128K12/220.33 mi33, Peter Street, Workington, Cumbria CA14 3DW3
£155K02/230.34 mi40, Mason Street, Workington, Cumbria CA14 3EQ3
£40K07/210.34 mi16, Mason Street, Workington, Cumbria CA14 3EQ3
£110K08/210.35 mi17, Ashton Street, Workington, Cumbria CA14 3HD3
£129.5K03/230.38 mi10, Berwick Street, Workington, Cumberland CA14 3EN3
£105K02/210.39 mi13, Mason Street, Workington, Cumbria CA14 3EH3
£105K03/210.39 mi48, Northumberland Street, Workington, Cumbria CA14 3EY3
£128.3K04/210.39 mi5, Dalston Road, Workington, Cumbria CA14 3EJ3
£110.5K12/200.39 mi33, St Michaels Road, Workington, Cumbria CA14 3EZ3
£76.5K10/200.39 mi31, St Michaels Road, Workington, Cumbria CA14 3EZ3
£150K06/230.39 mi16, St Michaels Road, Workington, Cumberland CA14 3EZ3
£160K05/210.39 mi33, Hartside Court, Workington, Cumbria CA14 2UB3
£120K01/230.4 mi20, Hartside Court, Workington, Cumbria CA14 2UB3
£220K06/230.41 mi14, Banklands, Workington, Cumberland CA14 3EL3
£255K07/230.43 mi22, Banklands, Workington, Cumberland CA14 3EU3

Local Rents

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

RentDateDistanceAddressBeds 
£69503/240.14 miNew South Watt Street, Workington3
£65004/240.15 miVictoria Road, Workington, CA143
£70008/230.31 mi-3
£70004/240.32 miRoseberry Street, Workington, Cumbria, CA143
£55005/240.37 miDevonshire Street, Workington, Cumbria, CA143
£80004/250.54 mi-3
£80010/230.79 mi-3
£85011/240.79 mi-3
£57504/240.79 miMoss Bay Road, Workington3
£70001/250.81 mi-3
£79505/240.87 miPeacock Way, Workington3
£79505/240.87 miPeacock Way, Workington3
£75003/240.88 miChaucer Road, Workington3
£90003/241.19 miCurwendale, Stainburn, Workington, CA143
£1,15009/241.21 mi-3

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.60 miles away

Nearest school

0.20 miles away

Nearest train station

0.31 miles away

 

 

Rental growth (12m)

-1%

Sales demand

Seller's market

Capital growth (5yrs)

+4%

Property History

Listed for £95,000

March 5, 2025

Floor Plans

Description

  • Located across the road from Vulcans Park, ideal for families +
  • A short walk to the town centre with its wide range of amenities and shops +
  • Ideal to add your own stamp, style and potentially increase the value +
  • Very spacious open plan lounge and diner +
  • Large kitchen which benefits from a separate utility room +
  • First floor bathroom plus downstairs WC +
  • Features three generously sized bedrooms +
  • Boasts a versatile loft room, home office or lots of storage +
  • Large yard to the rear +
  • Benefits from double glazing and central heating +

Welcome to your potential new home - a terraced property located conveniently across the road from Vulcans Park, perfect for families with young children or those who enjoy a leisurely stroll through nature. Situated just a short walk from the bustling town centre, you'll have access to a plethora of amenities and shops right at your fingertips. Plus, with the train station only a ten-minute walk away, commuting is a breeze.

This property is a blank canvas waiting for you to make it your own. In need of modernisation, it provides the perfect opportunity to put your stamp on it, add your style, and potentially increase its value. The spacious open plan lounge and diner create a welcoming atmosphere for entertaining guests or relaxing after a long day.

The large kitchen is a chef's dream, complete with a separate utility room for added convenience. The attractive hallway and landing areas add a touch of elegance to the space, leading you to the first floor bathroom and there is a handy downstairs WC.

Upstairs, you'll find three generously sized bedrooms, including a spacious master bedroom that offers a peaceful retreat at the end of the day. Need extra space? The versatile loft room is perfect for storage or could be transformed into a home office for those working remotely.

Step outside to the large yard at the rear of the property, complete with a garden shed and gated access for added security. With double glazing and central heating, you can rest assured that this home is not only cosy but also energy-efficient.

Don't miss out on the opportunity to turn this house into your dream home. With its convenient location, ample space, and potential for customisation, this property has everything you need to create the perfect living space for you and your family. Book a viewing today and start imagining the possibilities!

Agent Details

First Choice Move, Lillyhall

01946 552543

Next Steps?

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