According to the public record, 3, South William Street, Workington is a leasehold apartment.
By comparing it to neighbours, we estimate that it is a period apartment with 712 ft2 of internal area and a garden.
Apartments of this size in this area normally have 2 bedrooms.
South William Street, Workington, CA14 is located in the borough of Allerdale within the CA14 postal district.
3, South William Street, Workington has a single entry in the Land Registry database from January 2021 and no records in the EPC database.
We combine this sold price information with public data of neighbouring properties to estimate the attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for 3 South William Street Workington as £44,489 and the rental value as £272 per month giving an expected gross yield of 7.3%.
Over the last 12 months the sale value of 3 South William Street Workington has increased by £1,364 (3.1%) and its rental value has increased by £19 per month (7.0%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If 3, South William Street, Workington is in very good condition we estimate a sale value of £46,713 and rental value of £286 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £41,374 and a rental value of £253 per month.
If you were able to purchase this property for the estimated value of £44,489, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £219 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, 3, South William Street, Workington was last sold on 05 Jan 2021 for £70,000 and was recorded as a leasehold flat.
The property has only had this single sale since 1995.
Since Jan 2021, the market for similar properties has risen 18.4%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to 3, South William Street, Workington within a radius of 560 metres over the last 2 years.
The most recent example is 20A, Corporation Road, Workington, CA14 2PG, a Leasehold flat which sold for £43,000 in Aug 2018.
Read more about house prices in CA14.
*Nearby is defined as the radius comprising the nearest 2,000 addresses.
South William Street, Workington, CA14 has a total of 36 addresses. According to our analysis of all the public data, 3, South William Street, Workington is the 32nd largest and the 35th most expensive property on the street.
When compared to the postcode district it is £107k less expensive than the average property in CA14.
The closest station to 3, South William Street, Workington is Workington station which is 600 metres away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around 3, South William Street, Workington, 28.3% of property is privately owned outright and 28.3% is socially rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around 3, South William Street, Workington, 17.7% of residents are recorded as possessing school level qualifications and 27.4% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around 3, South William Street, Workington, the average age was 43.4 and the most common age was 57.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around 3, South William Street, Workington, 0.7% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around 3, South William Street, Workington, there are an average of 1.0 cars per household.
See below for how this compares to North West and the rest of England & Wales.