Park End Road, Workington, CA14 4DE
- PROPERTY TYPE
Flat
- BEDROOMS
1
- BATHROOMS
1
- SIZE
382 sq ft
35 sq m
Key features
- A budget-friendly top-floor flat offering fantastic investment potential
- One-bedroom layout with a separate living room, kitchen and bathroom
- Potential to achieve over 10% gross yield after a cosmetic refresh
- Expected rental income between £400pcm-£500pcm on an AST
- Great short-term let potential for contractors
- Low community fee of £100 per month, covering building insurance & maintenance
- Lovely views from both the living room and bedroom
- Electric-only property - no gas, keeping energy costs simple
- Shared rear communal area
- Less than a 10 minute walk to the town centre
Description
A Top Floor Flat For A Rock Bottom Price. This one bedroom flat does need a bit of a freshen-up but it’s close to town and is sure to be popular with tenants or short term contractor guests. And after a makeover it will deliver over 10% yield.
Priced at “Offers over £30,000” this top floor flat is going to appeal to first time buyers or investors with cash in their pocket, as you’ll struggle to get a mortgage for such a low amount.
Give it a bit of cosmetic TLC and it will deliver 10% gross yield or more. That's based on a minimum £400pcm (possible to achieve up to £500) rent on an AST, which will be a very decent return - even taking into account the ground rent and £100 per month community fee (covering building insurance & maintenance).
The building may not be a thing of beauty but the views from the living room and bedroom are lovely. And don’t they say it’s better to live in an ugly building with nice views rather than a nice building with ugly views…
It has a simple layout with a living room and a similar sized double bedroom, a kitchen (that is OK but you’d probably want to update sooner or later) and a bathroom with an electric shower over the bath.
Everything is electric, not just the shower - there’s no gas in the building.
There’s a private rear garden (shared with the other flats) which will be handy for drying clothes or even sitting out with a cuppa.
It’s less than 10 minutes walk to the centre of town or a right turn onto Stainburn Road gets you out into the countryside in a couple of minutes.
The close-to-town location means it may be possible to earn a lot more by renting it out as a short term let. Perhaps not as a holiday let to tourists but it could be a good alternative for contractors or those working in town who don’t want a hotel or B&B.
Either way, if you’ve got cash to spend, this pocket money top floor flat could make a highly attractive investment.
If you’ve got the cash and can see the potential, call now to arrange a viewing.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Allocated
- GARDENA property has access to an outdoor space, which could be private or shared.
- Communal garden
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- No wheelchair access
Park End Road, Workington, CA14 4DE
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Visit our security centre to find out moreDisclaimer - Property reference S1246084. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mark Buchanan Property Group, Powered by eXp UK, Workington. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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