Scotch Street, Whitehaven, CA28 7NL
- PROPERTY TYPE
Terraced
- BEDROOMS
8
- BATHROOMS
4
- SIZE
2,882 sq ft
268 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Three separate town centre homes sold as one turnkey investment on a single title
- Fully tenanted HMO setup with seven of eight rooms already let to key workers and postgrads
- Generates £4,417 per month in rental income with scope to increase by letting the final room
- Projected yield of 14 - 15%, with strong tenant demand in the area
- Ideal corner location near Whitehaven town centre
- 22 Scotch Street offers four lettable rooms, two bathrooms and spacious shared living areas
- 23 Scotch Street and 11 Sandhills Lane add four more lettable rooms across two adjoining properties
- Each property has its own council tax band and complies fully with HMO regulations
- Low-maintenance and recently modernised, with a proven rental track record and agency contacts
- Being sold via Modern Method of Auction
Description
*** Being sold via Modern Method Of Auction ***
Three Town Centre HMO’s + Seven Tenants (And Room For Another) / One Title. It adds up to a turnkey £53k income machine on one corner plot that’s let to doctors, nurses, Sellafield contractors and postgrads, with a contact book that will keep it full.
If you’ve been looking for a rock-solid, ready-to-go HMO investment - this is the one.
Three modernised houses on one town centre corner, a single title and seven paying tenants already in place. No legwork, no voids, no delays.
You’re getting 22 & 23 Scotch Street plus 11 Sandhills Lane. All round the corner from the town centre shops and transport links.
Between the three homes, you’ve got 8 lettable rooms, each commanding between £120 and £135 per week. Seven rooms are already occupied by a mix of key workers, Sellafield & Science Park contractors and UCLAN postgrads.
22 Scotch Street has 4 lettable rooms, two bathrooms and a sociable ground floor with a large lounge and a modern kitchen.
23 Scotch Street and 11 Sandhills Lane (which is just round the corner from the other 2 houses) have 4 lettable rooms between them.
Each property has its own council tax band, and the setup’s been designed for effortless and fully compliant HMO rental.
There’s room to add one more tenant, boosting your already impressive £4,417pcm income.
And with strong local demand, established links to medical staffing agencies, and Whitehaven’s continued growth, this is a portfolio that practically runs itself.
The yield is expected to be around 14 - 15%
Parking is mostly on-street or in nearby paid car parks, but the location makes up for that tenfold. Your tenants are here for town centre convenience, and the ability to walk to work, the shops and public transport with ease.
If you’re after a high-performing investment you can take over with confidence, this is the kind of no-nonsense, no-fuss opportunity that rarely comes up - especially not in triplicate.
- 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.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- On street
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- 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
Scotch Street, Whitehaven, CA28 7NL
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Visit our security centre to find out moreDisclaimer - Property reference S1348811. 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.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Mark Buchanan Property Group, Powered by eXp UK, Workington on 01900 510697.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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