2 Bed Terraced House, Refurb/BRRR, Workington, CA14 2SS, £55,000

Blackburn Street, Workington, Cumbria, CA14 2SS - 4 views - 17 days ago

Refurb/BRRR
ROI: 6%
~68 m²
+2 photos

ValuationFair Value

Sold Prices£35K - £135.5K
Sold Prices/m²£449/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£808/m²

Value Estimate

£55,550

 

 

End Value (After Refurb)

£67,768

Uplift in Value

+23%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£13,750

Stamp Duty & Legal Fees

£3,950

Refurb Costs

£26,800

Bridging Loan Interest

£1,444

Total Cash In

£47,694

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£67,768

Mortgage (After Refinance)

£50,826

Mortgage LTV

75%

Cash Released

£9,576

Cash Left In

£38,118

Equity

£16,942

Rent Range

£470 - £750

Rent Estimate

£597

Running Costs/mo

£351

Cashflow/mo

£246

Cashflow/yr

£2,950

ROI

6%

Gross Yield

13%

Local Sold Prices

50 sold prices from £35K to £135.5K, average is £80K. £449/m² to £1.9K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£50K08/230.03 mi6, Bolton Street, Workington, Cumberland CA14 2SL2
£82K12/220.05 mi95, Bolton Street, Workington, Cumbria CA14 2SW2
£68K02/230.05 mi90, Bolton Street, Workington, Cumbria CA14 2SW2
£45K04/230.06 mi52, Napier Street, Workington, Cumberland CA14 2PU2
£78K11/200.08 mi6, Cumberland Street, Workington, Cumbria CA14 2SP2
£77K12/200.11 mi69, Victoria Road, Workington, Cumbria CA14 2QU2
£86K02/210.11 mi110, Victoria Road, Workington, Cumbria CA14 2QU2
£60K07/210.15 mi14, Victoria Road, Workington, Cumbria CA14 2QT2
£90K09/210.15 mi21, Victoria Road, Workington, Cumbria CA14 2QT2
£80K07/230.15 mi29, Victoria Road, Workington, Cumberland CA14 2QT2
£75K12/220.16 mi34, Victoria Road, Workington, Cumbria CA14 2QT2
£40K06/210.16 mi17, Cumberland Street, Workington, Cumbria CA14 2QP2
£80K01/230.16 mi29, Cumberland Street, Workington, Cumbria CA14 2QP2
£80K11/200.16 mi22, Cumberland Street, Workington, Cumbria CA14 2QP2
£93K04/210.16 mi72, Cumberland Street, Workington, Cumbria CA14 2QP2
£100K06/230.16 mi80, Cumberland Street, Workington, Cumberland CA14 2QP2
£80K10/210.18 mi36, Findlay Place, Workington, Cumbria CA14 2XG2
£100K06/230.18 mi62, Corporation Road, Workington, Cumberland CA14 2PQ2
£85K09/210.2 mi95, Newlands Gardens, Workington, Cumbria CA14 3PE2
£78.5K04/230.22 mi26, Gladstone Street, Workington, Cumberland CA14 2XH2
£60K03/230.22 mi47, Lonsdale Street, Workington, Cumberland CA14 2YD2
£59K10/200.22 mi41, Lonsdale Street, Workington, Cumbria CA14 2YD2
£75K03/210.22 mi1, Pilgrim Street, Workington, Cumbria CA14 2RA2
£83K04/210.22 mi7, Pilgrim Street, Workington, Cumbria CA14 2RA2
£82K07/230.23 mi14, Clay Street, Workington, Cumberland CA14 2XZ2
£91.5K06/210.23 mi8, Albert Street, Workington, Cumbria CA14 2QH2
£54.5K05/210.23 mi18, Milburn Street, Workington, Cumbria CA14 2XT2
£35K03/210.23 mi33, Milburn Street, Workington, Cumbria CA14 2XT2
£94K06/230.24 mi3, Pearson Street, Workington, Cumberland CA14 2QR2
£83K03/230.24 mi25, Pearson Street, Workington, Cumberland CA14 2QR2
£68K11/210.24 mi1, Harcourt Street, Workington, Cumbria CA14 2XL2
£81K12/220.26 mi10, Harcourt Street, Workington, Cumbria CA14 2XL2
£94.5K02/210.26 mi39, Vulcans Lane, Workington, Cumbria CA14 2NR2
£91.5K10/210.26 mi19, Vulcans Lane, Workington, Cumbria CA14 2NU2
£58K03/210.27 mi18, Vulcans Lane, Workington, Cumbria CA14 2NW2
£65K03/210.27 mi71, Vulcans Lane, Workington, Cumbria CA14 2NW2
£80K06/210.27 mi8, Islay Place, Workington, Cumbria CA14 3XB2
£67K05/230.27 mi6, Fletcher Street, Workington, Cumberland CA14 2XW2
£94K05/210.28 mi4, Frostoms Road, Workington, Cumbria CA14 3UP2
£95.5K05/210.28 mi6, Frostoms Road, Workington, Cumbria CA14 3UP2
£71K02/230.3 mi205, Harrington Road, Workington, Cumbria CA14 3XD2
£80K06/230.3 mi209, Harrington Road, Workington, Cumberland CA14 3XD2
£96.5K08/210.31 mi20, Brayton Street, Workington, Cumbria CA14 2NP2
£78K06/210.31 mi43, Brayton Street, Workington, Cumbria CA14 2NP2
£100K03/230.31 mi17, Brayton Street, Workington, Cumberland CA14 2NP2
£81K09/210.33 mi67, Frostoms Road, Workington, Cumbria CA14 3UR2
£135.5K03/230.33 mi24, Frostoms Road, Workington, Cumbria CA14 3UR2
£61K10/200.34 mi27, Yeowartville, Workington, Cumbria CA14 2BY2
£120K04/210.35 mi94, Gray Street, Workington, Cumbria CA14 2NH2
£125K02/230.36 mi94, Gray Street, Workington, Cumbria CA14 2NH2

Local Rents

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

RentDateDistanceAddressBeds 
£52502/240.02 mi-2
£57503/240.05 miBolton Street, Workington2
£55003/240.06 miBolton Street, Workington, Cumbria, CA14 2SW2
£75009/240.19 mi-2
£56504/240.21 miGladstone Street, Workington2
£75003/250.21 mi-2
£47002/240.22 mi-2
£55003/240.22 miLonsdale Street, Workington, CA142
£61003/240.24 miVictoria Road, Workington, CA142
£62505/240.27 miFrostoms Road, Workington2
£55003/240.27 miIslay Place, Workington, CA142
£65010/240.27 mi-2
£57511/230.28 mi-2
£62511/240.28 mi-2
£69503/250.29 mi-2
£59503/240.33 miHunter Street, Workington2
£57003/240.36 miGray Street, Workington2
£65003/250.4 mi-2
£60004/240.46 miAshton Street, Workington2
£62502/240.46 mi-2
£69503/250.46 mi-2
£50010/240.46 mi-2
£52504/240.49 mi-2
£56003/240.59 miMoss Bay Road, Workington, CA142
£55010/230.62 mi-2

Local Area Statistics

Population in CA14

35,826

Population in Workington

35,830

Town centre distance

0.68 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 £55,000

March 26, 2025

Floor Plans

Description

  • MID TERRACED HOUSE +
  • 2 DOUBLE BEDROOMS +
  • CHAIN FREE +
  • REAR YARD +
  • IN NEED OF UPDATING +
  • EPC RATING D +

A 2 Bedroom Mid Terraced house in need of work. The property is situated on the fringe of the town centre convenient for all local amenities and being offered for sale with no onward chain

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

WHV240783/2

Agent Details

YOUR MOVE - Property @ Cumbria, Whitehaven

01946 550437

Next Steps?

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