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Chapel Terrace, Prospect, Wigton, Cumbria, CA7 - Image 1
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Chapel Terrace, Prospect, Wigton, Cumbria, CA7

North East

£100,000
Listed on 27/10/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom bungalow presents a noteworthy opportunity for renovation within the sought-after village of Prospect. Requiring modernisation, this property offers the chance for buyers to tailor the space to their preferences and enhance its value through thoughtful upgrades. Internally, the bungalow features a living room and two spacious double bedrooms, along with a kitchen and bathroom that can be redesigned to meet contemporary standards. The layout provides ample potential for reconfiguration, allowing for an open-plan concept or improved functionality based on individual needs. Located in a vibrant community, the village boasts convenient bus routes to both Carlisle and Workington, making it ideal for commuters or those who appreciate easy access to larger urban amenities. Directly across from the property lies a public house, adding to the local charm and providing a social hub for residents. Externally, the property is complemented by gardens at both the front and rear. The backyard includes a patio area and a shed, alongside off-street parking for one vehicle. This outdoor space could be enhanced further through landscaping or additional features to create an inviting retreat. With its renovation potential and advantageous location, this bungalow stands as a promising investment opportunity in an appealing setting. Potential buyers may find that with some vision and effort, this property could transform into a desirable home or rental asset.

Investment Analysis

(CA7 area)
Area Average
£201/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (CA7)

Area prices are rising by +4.2% over the last 12 months
3 year growth: 9.5%
5 year growth: 13.3%
Investment Disclaimer: Analysis based on CA7 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Chapel Terrace, Prospect, Wigton, Cumbria, CA7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE