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High Street, Wigton CA7

North East

£300,000
Listed on 27/04/2026

Property Details

Bedrooms
9
Type
Flat

Description

This freehold property in Wigton presents a noteworthy opportunity for investors, featuring a block of five self-contained flats with significant potential for refurbishment. The ground floor includes two two-bedroom flats (87A and 87D), each offering private entrances and gas central heating, but both require modernization to maximize rental appeal. Additionally, there are two one-bedroom flats on the first floor (Flat 1 and Flat 2), utilizing electric heating and also in need of updating. The second-floor flat (Flat 3) has been recently refurbished, showcasing what could be achieved throughout the remaining units. All flats are separately accessed, providing a convenient layout for future tenants. This property is situated in an attractive town centre location, close to local amenities and transport links, making it an ideal addition for first-time block investors or seasoned portfolio landlords. With an estimated rental value of £34,800 per annum, this property offers a promising return on investment after renovations.

Investment Analysis

(CA7 area)
Area Average
£201/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CA7)

Area prices are falling by -8.6% over the last 12 months
3 year growth: -1.2%
5 year growth: +5.4%
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

High Street, Wigton CA7
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,070
Based on a loan of £225,000 over 30 years at 3.97% 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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