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Wallace Street, Barrow-in-furness, LA14 1SL

North West

£55,000

Listed on 02/06/2026

Property Details

Bedrooms
2
Type
Terraced
Area
782 sqft

Description

This two-bedroom terraced house, centrally located within the town, presents a promising refurbishment opportunity for buyers interested in a project that allows for personalisation and potential value enhancement. The home features two reception rooms, providing versatile living space. The kitchen requires significant updating; it currently consists of a single base unit and plumbing for a washing machine, leaving ample room to create a more functional layout. A porch area offers additional utility, which could be transformed into valuable storage or other spaces. The ground floor includes a modern shower room fitted with a walk-in enclosure, pedestal wash basin, and WC—ideal as is but also open to further enhancement. Upstairs are two generously sized double bedrooms; the front bedroom includes built-in storage while the second features the gas boiler and has access to the separate bathroom. This bathroom boasts a cast-iron-style bath along with standard fixtures. With uPVC double glazing and gas central heating already in place, this property enjoys essential comforts while offering substantial scope for improvement and modernisation. The absence of an onward chain simplifies the purchasing process, making it an attractive proposition for investors or renovators willing to reimagine the space. Overall, this property is well-positioned within walking distance of local amenities and public transport links—perfect for those seeking both convenience and investment potential.

Investment Analysis

(LA14 area)

Below Market Value

This property is priced -54.7% below area average per sq ft

-54.7%
Potential saving
This Property
£70/sq ft
Area Average
£155/sq ft
Avg Rent (weekly)
£170
Avg Yield
5.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£133,460
10% above area average per sq ft
Potential ROI
+48.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (LA14)

Area prices are rising by +8.2% over the last 12 months
3 year growth: +13.1%
5 year growth: +18.0%
Investment Disclaimer: Analysis based on LA14 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

Wallace Street, Barrow-in-furness, LA14 1SL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£208
Based on a loan of £41,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

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