2-bedroom terraced house · CA14 3DJ
Under offerListed 109 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Perfect For Buy-Refurb-Remortgage Investors Or First-Time Bargain Hunters. A pocket money mid-terrace, 5 mins from town with a proven rental history.
It needs a new kitchen & bathroom but the layout, location and chance to add value makes a lot of sense.
If you’d rather improve than overpay, this affordable two bedroom mid-terrace is a great starting point. From the front door, you step into the lounge.
It’s a small but straightforward front room with the kitchen-diner behind it at the rear. This is where the layout becomes more interesting.
The kitchen is wider than the galley kitchen you’d expect to find in a town centre terrace.
It does need updating and chances are you’d want to reconfigure the kitchen layout - so what’s stopping you from knocking through to the lounge to create a bigger open plan space?
Obviously you’d need to check with building control and the local planners… The bathroom sits at the back of the house on the ground floor.
It’s another room that will need updating, but that does give you the chance to add value.
And keeping it downstairs leaves the first floor solely for the two double bedrooms, which works well for both renters and owner-occupiers.
Outside, there is a simple back yard with space to sit out or dry your clothes. You can walk into the centre of Workington in around five minutes, with Vulcan Park a similar short distance away.
On-street parking is available along Peter Street. For families, or tenants with children, both Ashfield schools are less than a ten minute walk away.
The house has been rented before and will certainly appeal to tenants - especially once the kitchen and bathroom have been updated.
It would also make a sensible first purchase for someone looking to buy well and improve over time. The work required is clear and predictable.
It needs a new kitchen, a new bathroom and a bit of general TLC - nothing dramatic or structural. If you’re looking for an affordable project in a convenient location, this one is well worth a look.
We’re expecting plenty of interest so get in touch to arrange a viewing.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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 Peter Street, Workington, CA14 3DJ
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