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Land at Bankyard Road / Main Street, Parton, Whitehaven, Cumbria CA28 6NY
Marketed by:
Auction House Cumbria
Warwick Rd, Carlisle CA1 1EE, UK
01228 510 552
Utility Land - Whitehaven
Land at Bankyard Road / Main Street, Parton, Whitehaven, Cumbria CA28 6NY
For Sale
£25,000+
Key Features
Utility Land
Guide price £25,000+
Parcel of utility land at the bottom of Parton Brow, backing onto the railway line. Alternative uses are subject to planning.
Preferred strategy: Land / Alternative Use
HB risk level: High
Description
Parcel of utility land at the bottom of Parton Brow, backing onto the railway line. Alternative uses are subject to planning.
Location
Land at Bankyard Road / Main Street, Parton, Whitehaven, Cumbria CA28 6NY. The full postcode CA28 6NY is used for mapping. Local investment evidence is drawn from the Whitehaven market rather than a generic Cumbria average.
Investment Analysis
Investment Snapshot
Guide Price | £25,000+ |
Likely Purchase Range | £25,000–£30,000 |
Approx. Size | Use auction floorplan / EPC where stated; otherwise not established |
Refurbishment Budget | £5,000–£15,000 |
Purchase + Works | £30,000–£45,000 |
Estimated GDV / Value | Not established until use/planning/remediation scope is confirmed |
HB Estimated Market Rent | Not applicable / not established for present use |
LHA Benchmark | Not established in this pass; use BRMA rate where relevant |
Suggested Strategy | Land / Alternative Use |
Risk Level | High |
Analysis Confidence | High |
Works Required
Professional surveys and design / planning work
Site, structural or fit-out works specific to the intended use
Services, compliance and access works
Contingency for legal/planning/site-condition risks
HB working allowance: £5,000–£15,000. This is an appraisal allowance based on the auctioneer's condition description and property type, not a contractor quotation.
Rental & Market Context
A standard residential rental appraisal is not appropriate to the lot in its present form. The investment case depends primarily on land / alternative use, planning/use, remediation and exit value rather than an assumed AST rent.
Sold within 5m radius
Standard residential sold comparables are not directly applicable to this land/commercial opportunity. A specialist land/commercial appraisal should be obtained once the intended use and planning constraints are fixed.
GDV Assessment
No defensible GDV is stated until the planning/use/remediation scheme is established. Assigning a residential GDV at this stage would be misleading.
Strategy Recommendation
Preferred strategy: Land / Alternative Use. The working acquisition range is £25,000–£30,000. The main reason is the relationship between the guide, required works and the achievable exit/income evidence. Risk is rated high because of the property-specific condition, tenure, planning or market factors noted above.
Potential BRRR Position
Standard residential BRRR is not the primary strategy. Commercial refinance should be based on sustainable ERV/passing rent, tenant covenant, use class and lender valuation.
Flip Analysis
A flip profit cannot be responsibly calculated until the intended scheme, remediation/site costs and exit value are fixed.
Investor Risks & Due Diligence
Read the full legal pack, title and special conditions before bidding
Confirm auction administration/buyer's fees and completion period
Verify the scope and cost of works with a survey and contractor pricing
Check planning/building-regulation status, access and services where relevant
Confirm finance and insurance acceptability for the specific property type
Re-check current rental and sold evidence immediately before setting a maximum bid
Maximum Bid Analysis
Guide £25,000+. A defensible maximum bid cannot be derived without a costed scheme and specialist valuation. Treat the guide as the starting point only and avoid bidding from an assumed residential GDV.
Recommendation
Overall HB view: Land / Alternative Use. At the working purchase range of £25,000–£30,000, the opportunity can be attractive if the property-specific risks are resolved and the works remain within £5,000–£15,000. Confidence is high; the principal sensitivity is planning/site cost.
Strategy Rating
Buy-to-Let: ★★★★☆ | BRRR: ★★★★☆ | Flip: ★★★☆☆
Research Sources
https://www.auctionhouse.co.uk/cumbria/auction/lot/151879 | https://www.rightmove.co.uk/house-prices/whitehaven.html
Auction Details :
Auction House Cumbria
Auction Date :
10/09/26
Lot Number :
028
Property Location:
Land at Bankyard Road / Main Street, Parton, Whitehaven, Cumbria CA28 6NY
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