Gull Cottage, 1 George Street, Maryport, Cumbria CA15 6DT

Description

Description A one-bedroom cottage situated in a convenient location close to Maryport town centre with its various retail and leisure amenities together with the picturesque Maryport Harbour.

With transport links to include Maryport Station and access to the A594 and A596; the property is also on the edge of the Lake District National Park. The property has been modernised and refurbished to include UPVC double glazing and gas central heating.

There is also a small rear yard area for additional storage and could provide a small outdoor seating area. There is free resident permit holder parking to the front of the property. An ideal opportunity for a first-time buyer or buy-to-let investor.

Accommodation Ground Floor: Living-Dining Room: 3.68m x 3.69m Kitchen: 1.32m x 3.05m First Floor: Bedroom: 2.65m x 2.95m Shower Room: 1.16m x 2.06m Tenure Freehold Planning We understand the property is located in the Maryport Conservation Area.

For any pre-application advice, interested parties should consult directly with the Local Planning Authority: Cumberland Council, Development Management, Market Hall, Market Place, Whitehaven, CA28 7JG. Telephone: 01946 598414.

Email: Development.Control3@cumberland.gov.uk Occupancy Vacant possession upon completion

Investment Analysis

Investment Snapshot

Underwriting basis. This is an indicative desktop appraisal. GDV is an estimated post-works/open-market value, not a guaranteed valuation. Comparable research is widened from the same street/postcode to the surrounding market up to approximately five miles where necessary.

Market Comparables

• Specialist asset: working market value is estimated from guide, asset type, income/development potential and local market evidence; midpoint £66,080.

HB estimated GDV: £61,000 low / £66,000 base / £71,000 high. The range reflects comparable quality, condition and the fact that auction stock can trade below normal owner-occupier market value.

Proposed Works

The allowance follows the auction description/visible condition and investor-standard refurbishment scope. It is not a structural survey or contractor quotation.

Strategy & Value Analysis

This is not a conventional single-dwelling BRRR/flip asset. The value case should be assessed using the specialist strategy appropriate to the property—income capitalisation, asset management, planning/development or land value—while still using the market-value range above as an indicative exit benchmark.

Key Risks

Confirm legal title/tenure, occupancy, planning/licensing, service charge/ground rent where relevant, structural condition, utilities, abnormal works and finance terms. Market comparables are indicative and should be refreshed immediately before bidding.