1-bedroom flat · CA28 8AE
Listing removedListed 91 days
Opportunity summary
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About
Auction Commencing on Monday 10th August from 1pm and ending 24 hours later on Tuesday 11th August from 11am with Auction House North East.
Please register to bid via our website - auctionhouse.co.uk/northeast An established buy-to-let investment currently generating £465 PCM from a reliable tenant with no rental arrears, offering immediate income from completion.
A fantastic opportunity to acquire a well-presented one-bedroom leasehold apartment within the characterful Glenholme development, offering an ideal addition to any buy-to-let portfolio.
The accommodation briefly comprises an entrance hall, bright lounge, fitted kitchen, double bedroom and bathroom.
The property enjoys elevated views over the surrounding greenery and benefits from a practical layout, making it an attractive proposition for tenants.
The flat is currently let to an established tenant at £465 per calendar month (£5,580 per annum), with no rental arrears, providing an immediate income stream from completion.
Situated on the outskirts of Whitehaven, the property is conveniently located for the town centre, local amenities, transport links and nearby employment hubs, ensuring continued appeal to the rental market.
An affordable, income-producing investment with a reliable tenant already in place, making this an excellent opportunity for investors seeking a ready-made addition to their portfolio.
Tenure: Leasehold EPC Rating: E Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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 10. Glenholme, Foxhouses Road, Whitehaven, Cumbria CA28 8AE
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