1-bedroom flat · LA14 2EQ
For saleListed 86 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Excellent opportunity to acquire a mixed-use investment property comprising a well presented one bedroom self-contained apartment positioned above versatile commercial premises, ideally situated within the heart of Barrow Town Centre.
Excellent opportunity to acquire a mixed-use investment property comprising a well presented one bedroom self-contained apartment positioned above versatile commercial premises, ideally situated within the heart of Barrow Town Centre.
Occupying a highly convenient and accessible location, the property is within easy walking distance of a wide range of amenities, including local shops, cafés, restaurants, public houses, supermarkets, regular bus services and Barrow Train Station, making it an attractive proposition for both residential tenants and commercial occupiers.
The ground floor commercial premises benefit from a prominent frontage with electric security shutter and comprises of spacious main retail/sales area, office, kitchenette and useful rear storeroom, offering flexibility for a variety of business uses (subject to any necessary consents).
The first-floor apartment is well presented throughout and offers comfortable, ready-to-let accommodation comprising of open-plan lounge and fitted kitchen, modern shower room and generously proportioned double bedroom.
Providing an excellent opportunity to generate immediate rental income with tenant in situ.
Whether purchased as a buy-to-let investment, for owner occupation with additional rental income, or as a commercial venture with residential accommodation above, this property offers excellent potential in a well-established town centre location.
Early viewing is highly recommended to fully appreciate the flexibility, convenience and investment potential this mixed-use property has to offer.
Accessed through an entrance door with electric shutter. Sales area 26' 10" x 16' 8" (8.18m x 5.08m) widest points Access to office and kitchenette. Door to stairs to first floor.
Office Light and power. Kitchenette 9' 7" x 8' 5" (2.92m x 2.57m) Window to the rear and base unit with worktop over incorporating sink.
Door to: Rear store 10' 2" x 13' 4" (3.1m x 4.06m) External door to Lumley Street and external door to yard.
First floor landing Two uPVC double glazed windows to to front and doors to all rooms lounge 12' 4" x 8' 4" (3.76m x 2.54m) UPVC double glazed window to side.
Kitchen 14' 2" x 12' 4" (4.32m x 3.76m) widest points Selection of base units with worktop over incorporating sink. Space for electric cooker and space for dining table.
Bedroom 12' 4" x 8' 8" (3.76m x 2.64m) Two uPVC double glazed windows to front and side. Shower room Three-piece suite comprising of WC, wash hand basin and shower cubicle.
Cupboard housing HydroCare US10 unvented hot water storage cylinder and three uPVC double glazed windows to front and side.
Exterior To the rear is a fully enclosed yard with pedestrian door to rear service lane. General information tenure: Freehold council tax: The apartment is Band A.
The ground floor will be subject to Small Business Rates Relief local authority: Westmorland & Furness Council services: Mains drainage, water and electric.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 2 & 2a, Lumley Street, Barrow-in-Furness
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