Savills house

51 Market Place, Whitehaven, CA28 7JB

£65,000 Score 8.0/10

Description

To be offered on Wednesday 29 July. A freehold mixed-use mid terrace building. Comprising a ground floor retail unit and a first and second floor flat. Previously let for £12, 000 p.a. (18.46% GIY on guide price). Asset management potential to re-let the property. Development potential (subject to consents). Total GIA approx. 1, 554 sq ft (107.1 sq m). Vacant

Opportunities

Development potential
Vacant
Freehold
£117/sqft
Est. 12% yield

Lot details

To be offered on Wednesday 29 July
A freehold mixed-use mid terrace building
Comprising a ground floor retail unit and a first and second floor flat
Previously let for £12, 000 p.a. (18.46% GIY on guide price)
Asset management potential to re-let the property
Development potential (subject to consents)

Estimated value

£142k – £213k ≈ £177k Low confidence

How we worked this out

Based on Cumberland average for house (£172k) · +3% (Vacant possession)

Indication only — based on Land Registry sales and EPC data, not a formal valuation.

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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.