12 bedroom flat for sale

Property Reference number : 644228

Prime Investment Opportunity – 1 Senhouse Street, Workington, CA14 2SA

An exceptional freehold multi-unit investment property located in the heart of Workington, presenting 10 self-contained flats, 8 x one bedroom & 2 x two bedroom with strong rental demand and redevelopment potential.

Location & Overview:
This building occupies on Senhouse Street, within the CA14 postcode of Workington, a traditional West Cumbrian market town with strong transport links, local amenities, and employment hubs. Workington benefits from ongoing regeneration efforts aimed at economic growth and infrastructure improvement, alongside proximity to the Cumbrian Coast and the Lake District National Park, which continues to support rental demand.

The property sits close to key local facilities including supermarkets, shops, schools, public transport, and community amenities, making it an attractive choice for tenants seeking convenience and connectivity.

Property Highlights:

10 Flats in One Building - Flats across ground, first and second floors, mostly 1-bedroom units with two 2-bedroom flats.

Mixed Tenure Appeal - Ideal for landlords looking for portfolio diversification or conversion into longer term residential leases.

Strong Rental Market - Workington features ongoing rental activity with flats and apartments regularly let in the CA14 area.

Room For Upside - With refurbishment and unit modernisation, there remains excellent scope to enhance rental values and yields.

Excellent Connectivity - Easy access to Workington town centre, rail and bus links, employment nodes and local services. With Workington train station being 500 yards or a short five minute walk away.

Investment Summary:

When fully occupied we achieved £55,920 rent per annum but believe this figure could be higher if rents were brought up to current market levels.

1 Senhouse Street presents a great opportunity for both buy to let investors and developers seeking a multi-flat asset in a coastal town with ongoing regeneration momentum.

Occupancy Summary:

Currently 8 flats are currently occupied providing income from day 1 of purchase, and the other 2 flats are vacant, but in good enough condition to re-let immediately or do refurbishment works to achieve higher rents.

EPC Summary:

Flat 1 - C Rating
Flat 2 - D Rating
Flat 3 - E Rating
Flat 4 - D Rating
Flat 5 - C Rating
Flat 6 - D Rating
Flat 7 - E Rating
Flat 8 - D Rating
Flat 9 - C Rating
Flat 10 - D Rating

Please get in touch to arrange a viewing.

Council Tax: A

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Property Reference number : 644228