2-bedroom flat · LA12 8RF
To rentListed 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
* Outstanding and recently built (2022) ground floor apartment * Idyllic, Riverside setting in South Lakeland area of Cumbria * Contemporary and chic in design and style * Fully furnished and inclusive of broadband internet service * Two bedrooms with one double and one large single * Stylish, fully tiled bathroom suite and small store * Charming open plan living space as lounge/kitchen/diner with patio doors * Small patio space is ideal of al fresco dining overlooking the River Leven * Floor to ceiling windows and stone cladding with landscaped, communal gardens * Two separate allocated parking spaces (Sorry no car charging ports can be installed) * Superb setting with a backdrop of wooded hills amongst relics of the past ironworks * Range of local amenities including spa, leisure facilities & restaurants * Under 3 miles to Lake Windermere and the Lake district national park * 10 minutes` drive to Ulverston just under 30 to BAE Systems in Barrow * Deposit equal to five weeks rent required * EPC Rating of D, Council Tax band of C **VIRTUAL TOUR AVAILABLE NOW**
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 4 Ironworks Road, Backbarrow
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