Keith Street, Barrow-in-furness, Cumbria, LA14 2NN
North West
£80,000
Listed on 19/10/2026
Listed on 19/10/2026
The listing
Property details
Bedrooms
3Type
TerracedArea
1114 sqftDescription
This freehold, three-storey Grade II listed terraced property is in a town-centre location close to shops, local amenities and bus services. The accommodation is described as two reception rooms and a kitchen on the ground floor, two bedrooms and a room intended for a bathroom on the first floor, and two further bedrooms on the second floor.
Initial work has included removing fittings, joinery and plasterwork, leaving substantial refurbishment to be completed. The property is offered as a project for a buyer prepared to restore and finish the building. Mains gas, electricity, water and drainage are stated to be connected. Any proposed work will need to take account of the building’s listed status and relevant consents.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
58out of 100
Grade DWeak opportunity
Confidence: MEDIUM
At £80,000, this three-storey Grade II listed terrace is priced well below the local £/sqf benchmark, giving a project buyer a notably cheap entry point. Its traditional brick frontage and town-centre position add appeal, while the stripped interior offers scope to shape the layout and restore a characterful home. The exposed masonry, unfinished floors and incomplete kitchen and bathroom make this a substantial, hands-on renovation; listed-building requirements also need to be factored into the work.
The economics are less compelling than the purchase price: at the £100,000 renovation midpoint, purchase plus works comes to £180,000, already above the implied local average value of £172,057. That is only a broad local benchmark, not a renovated GDV, but it means the budget looks tight and careful cost control will matter.
Key opportunities
- Use the three-storey, multi-room layout as a blank canvas to configure a substantial home around the buyer’s needs.
- Restore the traditional brick frontage and historic details while bringing the exposed, unfinished interior back into use.
- The £80,000 asking price is substantially below the local £/sqf benchmark, offering a cheap acquisition point for a project buyer.
Key risks
- Stripped rooms, exposed masonry, incomplete partitions and unfinished kitchen and bathroom areas make this a full-gut programme; the £75,000–£125,000 works range calls for careful budgeting and programme planning.
- The weathered frontage and green discolouration along the roofline warrant assessment and suitable repairs, with methods appropriate to the Grade II listing.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£302
Based on a loan of £60,000 over 30 years at 4.45% interest
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