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12 bedroom end of terrace house for sale
71 Raglan Street, Barrow-in-Furness, Cumbria, LA14 2AP
£150,000
71 Raglan Street, Barrow-in-Furness, Cumbria, LA14 2AP
£150,000
Our Summary
- FOR SALE BY ONLINE AUCTION - Vacant former public house with planning to create 12 bed HMO development opportunity Description Planning granted for a 12 bedroom, 11 bath (8 ensuite) HMO Opportunity for massive Gross Development Value Unconverted, planning approved with works ready to begin Once developed projected monthly income for 12 rooms with individual rents ranging from £565 to £693 pcm Established residential area approximately 1 mile from Hollywood Retail Park and Barrow Railway Station and 2 miles from Walney Island Popular rental are due to major employers including BAE Systems, the NHS, and key sectors driving strong local employment
- Planning Westmorland & Furness Council has granted the following planning permission REF: B20/2024/0083 (20-06-2024) For 'Change of use from a public house (Sui Generis) to a 12 bedroomed 12 Person house in multiple occupation (HMO) (Sui Generis), including the erection of an extension of the rear offshoot, the demolition and replacement of the first-floor extension to the rear, the erection of dormer window roof extensions to the side and rear roof slopes and changes to the fenestration on the side (west) and rear elevations'
Description
This vacant former public house in Barrow-in-Furness is an exciting development opportunity, with planning permission granted to convert it into a 12-bedroom, 11-bathroom House of Multiple Occupation (HMO). The property, located on Raglan Street, has been approved for a significant renovation, including the addition of an extension, dormer windows, and changes to the fenestration. Once developed, the property is expected to generate a substantial monthly income, with individual room rents ranging from £565 to £693. The location is highly desirable, with proximity to Hollywood Retail Park, Barrow Railway Station, and Walney Island, as well as major employers such as BAE Systems, the NHS, and other key sectors. With a strong local employment market and a popular rental area, this development opportunity presents a lucrative chance for investors to capitalize on the growing demand for HMOs in the area.