Summary - 55a, High Street, CLEATOR MOOR CA25 5BQ
5 bed 1 bath Flat
**Key Features:**
- Newly refurbished 5-bedroom flat completed in 2024
- Prime town centre location near shops and amenities
- Strong rental income potential with current rent at £4,800 p.a. and estimated rental value (ERV) of £28,800 p.a.
- Total size of approximately 1,227 sq ft
- Long leasehold with 999 years remaining
**Potential Concerns:**
- Above average crime rate in the area
- Limited outdoor space
- Some rooms currently vacant with renovation potential
This impressive, newly refurbished 5-bedroom flat located in the heart of Cleator Moor presents an excellent investment opportunity for both seasoned investors and first-time buyers looking for rental income. With a strong yield of 30.32%, this property boasts a modern interior spread across the second and third floors of a charming traditional stone building. The recent upgrades enhance its appeal, positioning it well within a growing rental market.
Strategically placed above vibrant local shops, including Greggs and a butcher, the flat is ideally situated in a bustling area with excellent public transport links. The current tenancy for one room ensures immediate cash flow, while the remaining bedrooms offer significant potential for further rental income once occupied.
While the area does face challenges, such as an above-average crime rate and limited outdoor space, the property's recent renovations and its prime location make it a promising choice for those looking to invest with potential for future appreciation. Don’t miss out on this exclusive opportunity in a developing neighborhood!
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