15 Curwen Street, Workington, Cumbria, CA14 4BD

Description

Vacant freehold mid terrace house with a ground floor comprising two reception rooms, kitchen, dining room and bathroom with WC; first floor comprising four bedrooms, study and bathroom with shower and WC; and second floor comprising two bedrooms and office. GIA approximately 279.29 sq m (3,006 sq ft). Located on Curwen Street, close to shops, supermarkets, cafes and restaurants.

Accommodation

Ground Floor - Two Reception Rooms, Kitchen, Dining Room and Bathroom with WC. First Floor - Four Bedrooms, Study and Bathroom with Shower and WC. Second Floor - Two Bedrooms and Office. GIA approximately 279.29 sq m (3,006 sq ft).

Location

Situated in a well-established and popular residential area. Close to shops, supermarkets, cafes and restaurants. Workington rail station (Northern) is approximately 0.8 miles to the west. The A66 is easily accessible to the north. The Lake District National Park is to the east.

Tenure / Property Information

Investment Analysis

Completed sales evidence on Curwen Street ranges from £137,000 for this property in April 2023 to £155,000 and £168,000 for No. 16 in 2025 and 2024. A cautious HB scenario is £137,000 low, £155,000 base and £168,000 high. These are estimates only; the comparable properties may differ in condition, specification and size.

Investment Snapshot

Strategy Recommendation

Proceed only subject to survey, legal review and confirmation of achievable rent. The guide indicates potential value and an attractive headline rent-to-guide ratio, but the absence of condition, cost and fee evidence makes a firm BTL, BRRR or flip decision premature.

Works Required

No specific defects or condition issues are evidenced. Obtain a full survey and auction legal/technical information before budgeting for works. Only evidenced accommodation comprises the existing reception rooms, kitchen, dining room, bathrooms, bedrooms, study and office.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the base GDV estimate of £155,000, a 75% refinance would be approximately £116,250. However, refurbishment costs, acquisition charges and finance costs are unsupported, so total project cost and cash left in cannot be calculated. The strategy requires confirmation of condition, rentability and lender valuation.

Buy-to-Let Analysis

The supplied rental evidence is one advertised asking rent of £698 pcm for houses in Workington, not an achieved rent or property-specific valuation. At the £80,000 guide, this equates to an indicative gross yield of 10.47% before finance, maintenance, voids, insurance, tax, works and acquisition costs. BTL viability cannot be confirmed without property-specific rental evidence and condition costs.

Flip Analysis

The evidence supports a base GDV estimate of £155,000 against the £80,000 guide, but no refurbishment allowance, buyer/admin fees or selling allowance is supplied. A reliable flip surplus and maximum bid therefore cannot be calculated. The £75,000 headline difference is not a profit estimate.

Investor Risks & Due Diligence

• Property condition and required works are not evidenced.

• The £698 pcm figure is an advertised asking rent for houses in Workington, not an achieved or property-specific rent.

• No EPC, heating, parking or council tax information is supplied.

• Buyer/admin charges and other seller or third-party fees are unspecified.

• Comparable sales may differ in condition, specification and size despite being on the same street.

• A lender valuation may differ from the HB GDV estimate and may not support a 75% refinance.

Recommendation

Proceed only subject to survey, legal review and confirmation of achievable rent. The guide indicates potential value and an attractive headline rent-to-guide ratio, but the absence of condition, cost and fee evidence makes a firm BTL, BRRR or flip decision premature.

Strategy Rating

Analysis Confidence

There is useful same-street completed-sale evidence, a guide price and one advertised rent, but no EPC, condition assessment, works budget, buyer/admin fees, finance costs or property-specific achieved rent.