Land For Sale £80,000
Located right in the centre of Egremont, the nearest town to Sellafield, it offers the chance to build a cashflowing rental business providing brand new housing for a handful of the 13,000 reprocessing plant workers.
Planning permission has been granted for the HMO and two houses and work has already begun. You can pick up where the previous developer left off and create the accommodation to your own specifications.
Once complete the gdv is anticipated to be around £400,000. If you’re looking to refinance you may be able to secure a commercial mortgage based on the income potential rather than the bricks and mortar value. Obviously you’ll need to obtain your own expert advice on this one.
We’d expect the two semis to return around £500pcm each, rented as a single let and around £100 per week for each of the five HMO rooms. That adds up to £38,000 in annual income from the development. However, the houses could also be rented by the room, which would bump the annual income to over £46,000.
With an investment it’s always good to have a Plan B. Located near the stunning Cumbrian coastline and the Lake District National Park, you could look at the UK staycation market as an alternative strategy.
The plot is literally in the centre of the bustling market town of Egremont, just off the picturesque Main Street.
Like most small market towns, Egremont has everything your future tenants may need day-to-day, with a range of local shops and an active local community.
That said, Whitehaven is only 15 minutes away in the car, where you’ll find all the bigger name stores, restaurants and takeaways.
This is a rare opportunity to buy a prime spot in a popular Cumbrian town with planning already obtained. Call now for more details, quoting reference MB0127.
About Mark Buchanan – Powered by eXp
i'm Mark Buchanan, husband to Julie and dad to our three boys, Jack, Bailey and Morgan. Born and raised in Cumbria, I have spent most of my life living in Workington and have worked across the entire county. Having worked in property since 2012 I have developed a true passion for all things property and love helping people to both buy and sell their homes. With that in mind, my aim is to offer something very different for estate agency in the area, with a true customer centric focus where the customer at the heart of everything that I do, and eXp gives me the framework to do just that. Instead of dealing with multiple people within an office, i'll be there as your personal property consultant to guide you through the process from the initial valuation right up to the key handover. I'll be there when you need me, seven days a week, outside of the typical 9-5. By focusing on quality rather than quantity, sellers will no longer be just another instruction. We'll work together to create a bespoke service that's as unique as your property.
Planning permission has been granted for the HMO and two houses and work has already begun. You can pick up where the previous developer left off and create the accommodation to your own specifications.
Once complete the gdv is anticipated to be around £400,000. If you’re looking to refinance you may be able to secure a commercial mortgage based on the income potential rather than the bricks and mortar value. Obviously you’ll need to obtain your own expert advice on this one.
We’d expect the two semis to return around £500pcm each, rented as a single let and around £100 per week for each of the five HMO rooms. That adds up to £38,000 in annual income from the development. However, the houses could also be rented by the room, which would bump the annual income to over £46,000.
With an investment it’s always good to have a Plan B. Located near the stunning Cumbrian coastline and the Lake District National Park, you could look at the UK staycation market as an alternative strategy.
The plot is literally in the centre of the bustling market town of Egremont, just off the picturesque Main Street.
Like most small market towns, Egremont has everything your future tenants may need day-to-day, with a range of local shops and an active local community.
That said, Whitehaven is only 15 minutes away in the car, where you’ll find all the bigger name stores, restaurants and takeaways.
This is a rare opportunity to buy a prime spot in a popular Cumbrian town with planning already obtained. Call now for more details, quoting reference MB0127.
About Mark Buchanan – Powered by eXp
i'm Mark Buchanan, husband to Julie and dad to our three boys, Jack, Bailey and Morgan. Born and raised in Cumbria, I have spent most of my life living in Workington and have worked across the entire county. Having worked in property since 2012 I have developed a true passion for all things property and love helping people to both buy and sell their homes. With that in mind, my aim is to offer something very different for estate agency in the area, with a true customer centric focus where the customer at the heart of everything that I do, and eXp gives me the framework to do just that. Instead of dealing with multiple people within an office, i'll be there as your personal property consultant to guide you through the process from the initial valuation right up to the key handover. I'll be there when you need me, seven days a week, outside of the typical 9-5. By focusing on quality rather than quantity, sellers will no longer be just another instruction. We'll work together to create a bespoke service that's as unique as your property.
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