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Mitchell Avenue, Northside, Workington, CA14 - Image 1

Mitchell Avenue, Northside, Workington, CA14

North East

£55,000Guide Price

Listed on 24/09/2026

The listing

Property details

Bedrooms
3
Type
Terraced

Description

This three-bedroom mid-terraced house presents a significant investment opportunity with considerable potential for improvement. Currently in poor condition, the property requires extensive refurbishment, including addressing visible dampness and a deteriorating ceiling in one of the bedrooms. The traditional layout features three bedrooms and living accommodation, along with an attic conversion that adds extra usable space. For investors and developers, this property offers the chance to create a desirable family home or a strong rental investment. With renovation, it has the potential to achieve a significantly enhanced market value. Early viewing is highly recommended to appreciate the full scope of opportunity available. Offered at auction on 14th October, this freehold property is suitable for cash buyers only, as it will be sold under unconditional contract requiring a 10% non-refundable deposit.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

44out of 100
Grade ELow opportunity

Confidence: LOW

This three-bedroom mid-terraced house presents a substantial investment opportunity, although it is currently in poor condition requiring extensive refurbishment. The visible dampness and peeling paint on the exterior signal a need for significant works, but the traditional layout and attic conversion provide a solid foundation for transformation into a desirable family home or rental property.

With a renovation budget estimated between £100,000 and £150,000, there is ample scope to enhance the living space and potentially increase its market value. However, due to the missing floor area, we cannot assess the price versus local £/sqf at this stage. The guide price of £55,000 suggests a value that may attract keen interest, especially as bidding can push the hammer price above this figure. Investors should be prepared for a heavy project scale, as the interiors will require a full gut renovation to address the visible issues and create a modern living environment.

Key opportunities

  • Transform the traditional mid-terraced layout into a modern family home with improved functionality.
  • Utilize the attic conversion for additional living space, enhancing overall property appeal.
  • Create a desirable rental property that can attract strong interest in the investment market.

Key risks

  • Stripped interiors and a £100,000–£150,000 works budget make this a full-gut programme, not a refresh.
  • Visible dampness throughout the property may require significant remedial work.

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Map

Location

Mitchell Avenue, Northside, Workington, CA14
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
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.

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