8 bedroom terraced house for sale

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8 bedroom terraced house for sale

Scotch Street, Whitehaven, CA28 7NL
£325,000

Our Summary

  • *** Being sold via Modern Method Of Auction ***
  • Being sold via Modern Method of Auction
  • Generates £4,417 per month in rental income with scope to increase by letting the final room

Description

This property investment opportunity consists of three modernized houses on a single corner plot in the town center, with a single title and seven paying tenants already in place. The properties, located at 22 and 23 Scotch Street and 11 Sandhills Lane, have a combined 8 lettable rooms, each commanding between £120 and £135 per week. The tenants are a mix of key workers, Sellafield and Science Park contractors, and UCLAN postgrads. The setup is designed for effortless and fully compliant HMO rental, with room to add one more tenant, boosting the already impressive £4,417pcm income. The yield is expected to be around 14-15%. The location offers town center convenience, with tenants able to walk to work, shops, and public transport with ease, making this a high-performing investment opportunity that can be taken over with confidence.