Latest Valuation
£50,000
ROCE
%
Location

10% Yield – Buy-to-Let Opportunity in Cumbria

This low-maintenance turnkey investment, already has a reputable management company in place.
Guide Price
£40,000

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Key Features

  • Close to local large employment areas
  • 10% yield
  • 2 double bedrooms

The Property

Sourced Cumbria are proud to bring to the investor market, a ready to rent 2 bed property in an area of high rental demand.

Ideally located for access to Whitehaven and Sellafield.

The property comprises a lounge, kitchen and bathroom.

To the first floor there are 2 spacious double bedrooms.

Externally, there is a small walled around yard.

Planning Information

N/A

The Plan

This BMV property with 10% yield is perfect for investors looking to begin or add to their portfolio.

Hands-free with management company in place.

This high yielding hands free BTL investment property is ideal for beginning or adding to any portfolio.

Purchase price - £40,000

Open market valuation - £55,000

Refurb works - £7,500

Sourcing fee - £2,500

Annual rental income - £4,800 - £5,100

Gross yield - 9.6% - 10.2%

The Location

Located in a small town in West Cumbria, between the town of Whitehaven, and the largest local employer Sellafield.

Average estimated value for a house in CA25 5BG

£

This property was last purchased in a poor state of repair in 2013 for £40k.

Other properties on the road have previously sold for up to £60k.