16 Finkle Street, St. Bees, Cumbria CA27 0BN

Description

An end of terrace house in this sought after coastal village some 4 miles south of Whitehaven on the fringe of the Lake District National Park. The village is the start of Wainwrights famous coast to coast walk. In need of modernisation but offering huge potential.

Accommodation

Three reception rooms, kitchen, bathroom and three bedrooms. Ground Floor: Hall; Living Room 12'3max x 12'; Dining Room 12' x 8'; Sitting Room 12'3 x 8'; Kitchen 12' x 8'3. First Floor: Bedroom 12' x 11'6; Bedroom 13' x 12'; Bedroom 12'3 x 8'; Bathroom 12'3 x 8'3. Outside: Rear yard with Store.

Location

Situated in the coastal village of St. Bees, approximately 4 miles south of Whitehaven, on the fringe of the Lake District National Park. The village is the start of Wainwrights famous coast to coast walk.

Tenure / Property Information

Investment Analysis

Same-street terraced comparables range from £100,000 to £207,500. The £190,000 sale at 7 Finkle Street in July 2025 is the most relevant recent indicator, but differences in condition, size and tenure are not evidenced. Base GDV is therefore estimated at £190,000 with a broad evidence-based range.

Investment Snapshot

Strategy Recommendation

Proceed only conditionally after reviewing the legal pack and obtaining a refurbishment assessment. Do not bid on guide price alone; BTL is unverified.

Works Required

Modernisation as described by the auctioneer. The scope, specification and cost of works require inspection and the legal pack.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A 75% refinance of the £190,000 base GDV indicates £142,500 gross refinance proceeds. Total project cost and equity position cannot be calculated without refurbishment costs, legal-pack costs and other purchase costs.

Buy-to-Let Analysis

BTL appraisal cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. EPC G and modernisation requirements may also affect letting viability.

Flip Analysis

A flip may have potential against the £190,000 base GDV, but profitability cannot be calculated because refurbishment costs, selling costs and full acquisition costs are unsupported. Comparable values vary materially.

Investor Risks & Due Diligence

• Current EPC rating G.

• Property is stated to need modernisation, with no quantified works budget.

• No sufficiently specific rental evidence is available.

• Tenure is stated to be subject to the legal pack.

• Additional disbursements may be payable under the legal pack.

• Sold comparable prices vary from £100,000 to £207,500.

Recommendation

Proceed only conditionally after reviewing the legal pack and obtaining a refurbishment assessment. Do not bid on guide price alone; BTL is unverified.

Strategy Rating

Analysis Confidence

Several same-street sold comparables are supplied, but condition, tenure, refurbishment cost, rent, full fees and legal-pack details are unavailable.