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£325,000

8 bed terraced house for sale
Scotch Street, Whitehaven CA28

    • 8 beds

    • 4 baths

    • 3 receptions

  • EPC Rating: D

  • Auction
  • Freehold

Mark Buchanan Property Group, Powered by eXp

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About this property

  • Three separate town centre homes sold as one turnkey investment on a single title

  • Fully tenanted HMO setup with seven of eight rooms already let to key workers and postgrads

  • Generates £4,417 per month in rental income with scope to increase by letting the final room

  • Projected yield of 14 - 15%, with strong tenant demand in the area

  • Ideal corner location near Whitehaven town centre

  • 22 Scotch Street offers four lettable rooms, two bathrooms and spacious shared living areas

  • 23 Scotch Street and 11 Sandhills Lane add four more lettable rooms across two adjoining properties

  • Each property has its own council tax band and complies fully with HMO regulations

  • Low-maintenance and recently modernised, with a proven rental track record and agency contacts

  • Being sold via Modern Method of Auction

*** Being sold via Modern Method Of Auction ***

Three Town Centre HMO’s + Seven Tenants (And Room For Another) / One Title. It adds up to a turnkey £53k income machine on one corner plot that’s let to doctors, nurses, Sellafield contractors and postgrads, with a contact book that will keep it full.

If you’ve been looking for a rock-solid, ready-to-go HMO investment - this is the one.

Three modernised houses on one town centre corner, a single title and seven paying tenants already in place. No legwork, no voids, no delays.

You’re getting 22 & 23 Scotch Street plus 11 Sandhills Lane. All round the corner from the town centre shops and transport links.

Between the three homes, you’ve got 8 lettable rooms, each commanding between £120 and £135 per week. Seven rooms are already occupied by a mix of key workers, Sellafield & Science Park contractors and uclan postgrads.

22 Scotch Street has 4 lettable rooms, two bathrooms and a sociable ground floor with a large lounge and a modern kitchen.

23 Scotch Street and 11 Sandhills Lane (which is just round the corner from the other 2 houses) have 4 lettable rooms between them.

Each property has its own council tax band, and the setup’s been designed for effortless and fully compliant HMO rental.

There’s room to add one more tenant, boosting your already impressive £4,417pcm income.

And with strong local demand, established links to medical staffing agencies, and Whitehaven’s continued growth, this is a portfolio that practically runs itself.

The yield is expected to be around 14 - 15%

Parking is mostly on-street or in nearby paid car parks, but the location makes up for that tenfold. Your tenants are here for town centre convenience, and the ability to walk to work, the shops and public transport with ease.

If you’re after a high-performing investment you can take over with confidence, this is the kind of no-nonsense, no-fuss opportunity that rarely comes up - especially not in triplicate.

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Property descriptions and related information displayed on this page are marketing materials provided by - Mark Buchanan Property Group, Powered by eXp. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact Mark Buchanan Property Group, Powered by eXp for full details and further information.