8 bed Terraced
Scotch Street & 11 Sandhills Lane, Whitehaven, Cumbria CA28 7NL
£325,000
15 July 2025
GUIDE PRICE
AUCTION DATE
- House
- 8 Bedroom(s)
- 4 Bathroom(s)
*** Being sold via Modern Method Of Auction *** Three Town Centre HMO’s + Seven Tenants (And Room For Another) / One Title. It adds up to a turnkey £53k income machine on one corner plot that’s let to doctors, nurses, Sellafield contractors and postgrads, with a contact book that will keep it full. If you’ve been looking for a rock-solid, ready-to-go HMO investment - this is the one. Three modernised houses on one town centre corner, a single title and seven paying tenants already in place. No legwork, no voids, no delays. You’re getting 22 & 23 Scotch Street plus 11 Sandhills Lane. All round the corner from the town centre shops and transport links. Between the three homes, you’ve got 8 lettable rooms, each commanding between £120 and £135 per week. Seven rooms are already occupied by a mix of key workers, Sellafield & Science Park contractors and UCLAN postgrads. 22 Scotch Street has 4 lettable rooms, two bathrooms and a sociable ground floor with a large lounge and a modern kitchen. 23 Scotch Street and 11 Sandhills Lane (which is just round the corner from the other 2 houses) have 4 lettable rooms between them. Each property has its own council tax band, and the setup’s been designed for effortless and fully compliant HMO rental. There’s room to add one more tenant, boosting your already impressive £4,417pcm income. And with strong local demand, established links to medical staffing agencies, and Whitehaven’s continued growth, this is a portfolio that practically runs itself. The yield is expected to be around 14 - 15% Parking is mostly on-street or in nearby paid car parks, but the location makes up for that tenfold. Your tenants are here for town centre convenience, and the ability to walk to work, the shops and public transport with ease. If you’re after a high-performing investment you can take over with confidence, this is the kind of no-nonsense, no-fuss opportunity that rarely comes up - especially not in triplicate.
Scotch St, CA28 7NL
Guide Price
£325,000
Auction Date
15 Jul 2025
End Time
11:44
Venue
Online
Auctioneer
IAM Sold
eXp
Unit 7, Diamond Court, Newcastle upon Tyne, NE3 2EN
0345 646 0302
About IAM Sold
iamsold, part of the iamproperty Group, is the largest residential auctioneer in the UK and pioneer of the Modern Method of Auction (MMoA). iamsold works with a network of 2,500 Partner Agents as an expansion of their business, enabling them to provide auction services to their clients and grow their business.