A low-ticket, high-yielding freehold house offered with vacant possession at a £60,000 guide. The property is a 3-bed terrace of 807 sqft, with two reception rooms, a kitchen and bathroom and front and rear gardens. At an open-market rent of £800 per month it produces £9,600 per annum in gross income, which works out at a 10.2% net yield after all running costs on the total capital invested.
Vacant possession means a clean start with no inherited tenancy. The property can be let on a standard AST at an estimated £850 to £900 per month on agent guidance, or run as a serviced/holiday let - which it previously achieved at £1,400 per month under a guaranteed-rent operator. EPC D and council tax band A keep running costs low, and the title is freehold throughout.
Millom sits on the west Cumbrian coast on the edge of the Lake District National Park. On a 75% refinance the Return on Capital Employed reaches 17.9%, leaving roughly £24,412 in the deal working at £4,380 net per annum. A small, accessible entry into a freehold income asset.
Map centred on the Millom LA18 area for general guidance only. The exact address is shared with serious buyers at the appropriate stage.
20 transactions within a 0.30 mile radius, January 2025 to February 2026. Subject size: 807 sqft. Area comparables span terraces and higher-value semis; the average and high are lifted by smaller, higher-£/sqft units. Like-for-like terraces sit around £66 to £71/sqft.
Valid EPC at D (score 61), valid to September 2031. Compliant under current minimum standards for let residential property.
LHA reference rate: Barrow-in-Furness BRMA, lha-direct.voa.gov.uk, June 2026.
| Property | Date | Price | Type | Sqft | £/sqft |
|---|---|---|---|---|---|
| 3-bed terrace, LA18 | Feb 26 | £63,000 | Freehold terrace | 958 | £66 |
| 3-bed terrace, LA18 | Sep 25 | £63,000 | Freehold terrace | 883 | £71 |
| Terrace, LA18 | Jan 26 | £40,000 | Freehold terrace | 689 | £58 |
| 3-bed terrace, LA18 | Aug 25 | £145,000 | Freehold terrace | 947 | £153 |
| Terrace, LA18 | Dec 25 | £115,000 | Freehold terrace | 624 | £184 |
Comparable terraced sales within 0.30 mile, last 18 months. Addresses withheld to protect subject confidentiality. Condition and modernisation vary across comparables.