Summary - Flat 1, 44 Queen Street, Aspatria CA7 3BB
4 bed 2 bath Flat
Income-producing Victorian end-terrace with refurbishment potential and no parking.
Two self-contained flats sold freehold with sitting tenants
A practical investment in Aspatria’s town fringe, this freehold end-terrace contains two self-contained flats currently let to sitting tenants. Together they produce £950 pcm (£11,400 pa), giving a strong gross income against the £90,000 asking price. Both flats benefit from double glazing, mains gas central heating and EPC ratings of C.
The ground-floor flat has a good-size living room, two bedrooms (one double, one single), kitchen with fitted units and a bathroom with shower over bath. The first-floor flat is a mirror layout accessed by external stairs, with an internal step up into the double bedroom and useful built-in storage. The property totals about 1,345 sq ft, offering room for reconfiguration or value-add refurbishment.
Practical drawbacks are clear and important. The building dates from c.1900–1929 and external walls are stone with no added cavity insulation assumed, so energy efficiency improvements may be needed. There is no off-street parking and access to the first-floor flat is via external stairs. The flats are sold with sitting tenants, so immediate owner occupation is not possible and viewings/lease details will be subject to tenant rights.
This suits investors seeking an income-producing asset with short-term refurbishment potential, or a buyer prepared to plan improvements (insulation, cosmetic updating) to increase long-term rents and capital value. Local amenities, good primary and secondary schools, excellent mobile signal and fast broadband support lettings in this small-town, rural-fringe location.
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