We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · CA14 3LF
Listing removedListed 62 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The One That Makes The Numbers Work. Every investor in Workington knows the feeling - watching a solid end-terrace go to someone else because you hesitated.
This time, the condition is reflected in the price, the plot is larger than it looks, and the upside is real.
End-of-terrace properties on established residential streets in Workington rarely sit at this price point - and when they do, it's usually because the work required is enough to put off the cautious buyer.
That's exactly where the opportunity is here. The footprint is solid.
On the ground floor, the lounge-diner runs to just under 24 feet - a long, open room with a fireplace at one and space for a dining table at the other.
It's a format that works well for families once it's been brought up to date, and the proportions mean the finished result will feel spacious rather than compromised.
The kitchen is a reasonable size as it stands, and the layout lends itself to being opened up if you want to create a kitchen-diner while the rest of the refurbishment is underway.
That's a practical option that keeps the property liveable during the work and adds real appeal for the end buyer or tenant. The conservatory adds a meaningful footprint to the ground floor.
It needs work - the roof in particular - but the structure is there, and the floor area is worth keeping in any modernisation plan. Upstairs, the three bedrooms are a decent size.
The two larger rooms will take a double bed and furniture without feeling cramped, and the single is a workable third bedroom rather than a box room.
The bathroom is a fair size and straightforward to retile and refit.
The rear garden has been left to its own devices for some time, and the mature shrubs and overgrowth around the perimeter make it look smaller than it actually is.
Once cleared, you'll find a more usable outdoor space than the current state suggests - it's one of those plots that genuinely improves on closer inspection.
There's driveway parking to the front as well. The location does the job it needs to do.
Moorclose shops are within walking distance, and both secondary schools are within 20 minutes on foot - which is exactly what young families and first-time buyers are looking for when they are choosing between similar streets.
The condition is genuinely poor throughout - that is stated plainly because experienced investors don't need it softened.
To be equally clear on the scope of works: There is no central heating system in the property at all.
That's one of the major jobs that will need to be planned and budgeted for from the outset, alongside the cosmetic refurbishment throughout.
What that also means is that the price reflects the reality, and the upside on a finished three-bed end-terrace in this part of Workington is real.
If the numbers matter more than the decor - and in this market, they should - this one is worth a proper look. Call us to arrange access.
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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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
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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
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FAQ
About 118, Elterwater Avenue, Workington
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