Cumberland Street, Workington, CA14 2QP
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
757 sq ft
70 sq m
Key features
- Guaranteed £650pcm rent for 5 years delivering an 8.6% gross yield
- Hands-free investment with a Rent to Rent tenant managing and maintaining the property
- Currently operated as an Airbnb-style short-term let with potential for long-term AST after the initial 5 year term
- Two-bedroom terrace with lounge, kitchen/diner, modern bathroom, and two double bedrooms
- Neutrally decorated and attractively furnished
- Less than 10 minutes walk to the town centre, with ample on-street parking
- Close to Victoria schools
- Rent to Rent operator handles all repairs and maintenance, ensuring hassle-free ownership
- Provides flexibility for both short-term and long-term rental strategies
- Offers a secure and attractive investment opportunity with strong potential returns
Description
Investors - Do You Want £650pcm Guaranteed Rent For 5 Years? This attractive cashflowing investment is on a Rent to Rent deal delivering 8.6% gross yield. It’s totally hands-free, with the tenant maintaining and managing the property for you.
If you’re looking for a hassle free investment, this attractive two bedroom terrace will be hard to beat.
It’s been let to a Rent to Rent operator on a five year deal, so they can then offer the property to guests as an Airbnb style short term let.
That means you get £650pcm rent guaranteed from the moment you get your hands on the keys - which based on the £90,000 asking price will deliver 8.6% gross yield.
And you really will get 8.6% return, as you won’t have to put your hand in your pocket to decorate or make any repairs - the Rent to Rent operator will manage and maintain the property for you, for the lifetime of the deal.
The property has a fairly typical two bedroom terrace layout, with a lounge at the front, a kitchen / diner with a breakfast bar in the middle and the modern family bathroom at the rear.
Upstairs has two double bedrooms.
It’s all neutrally decorated and attractively furnished.
Cumberland Street is less than ten minutes walk into town, with plenty of on street parking.
If you’re thinking longer term or are keen to have a “Plan B” in your back pocket the property would be attractive for longer term tenants looking to rent on an AST, being walking distance to town and close to the Victoria schools.
If you’ve got £90,000 to invest this could be an ideal hands-free investment - where someone else takes the stress of maintaining the property and keeping it occupied.
We’re expecting plenty of interest from investors so 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.
- 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
Cumberland Street, Workington, CA14 2QP
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About Mark Buchanan Property Group, Powered by eXp UK, Workington
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