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Soutergate, Ulverston, Cumbria

North West

£145,000
Listed on 15/08/2025

Property Details

Bedrooms
4
Type
Terraced house
Area
2077 sqft

Description

This traditional cottage, nestled in the historic Soutergate area of Ulverston, presents a unique opportunity for those looking to invest in a property with significant renovation potential. The layout offers considerable versatility, featuring four bedrooms alongside three reception areas that can be customized to suit a variety of lifestyles. Entering the home from a charming front door, you are greeted by an entrance hall leading to the main living spaces. The lounge is notable for its recessed fireplace with a wood-burning stove and original wooden beams that add character. This space flows into the dining room, which benefits from natural light through its double-glazed windows. The kitchen has a functional design with ample storage and workspace, though it could benefit from modern updates to optimize its utility and aesthetic appeal. Adjacent is a secondary reception room that boasts French doors opening onto the enclosed rear courtyard garden—an ideal outdoor space that can be enhanced for relaxation or entertaining. Upstairs, the four bedrooms provide comfortable accommodations, each offering distinct features such as original fireplaces and built-in storage. The bathroom is equipped with a four-piece suite but presents an opportunity for modernization to meet contemporary standards. One of the highlights of this property is the loft room on the second floor, which has significant potential for conversion into additional living space or an office, thanks to its generous size and inherent character. Outside, the courtyard garden is both private and inviting, making it suitable for enjoying sunny afternoons in relative seclusion. There’s also access to shared passageways ideal for practical use such as storage. With no upper chain complications, this cottage not only embodies charming architectural details but also holds vast potential for personal transformation and investment growth in a desirable market town location. It's well suited for buyers interested in creating their dream home while benefiting from the surrounding amenities Ulverston has to offer.

Investment Analysis

(LA12 area)

Below Market Value

This property is priced -73.2% below area average per sq ft

-73.2%
Potential saving
This Property
£70/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£286
Avg Yield
4.5%

Renovation Potential

Est. Renovation Cost
£14,500 - £36,250
10-25% of property value
Target Value
£595,393
10% above area average per sq ft
Potential ROI
+228.5%
After renovation
Monthly Sales
17
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (LA12)

Area prices are rising by +4.9% over the last 12 months
3 year growth: -0.5%
5 year growth: 22.8%
Investment Disclaimer: Analysis based on LA12 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Soutergate, Ulverston, Cumbria
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