4 Bed Detached House, Refurb/BRRR, Carlisle, CA6 4AW, £294,000

Cargo, Carlisle, CA6 4AW - 2 views - 2 years ago

Refurb/BRRR
Planning
~127 m²
+23 photos

ValuationOvervalued

Sold Prices£115K - £765K
Sold Prices/m²£1.3K/m² - £4.3K/m²

 

 

Square Metres

~127 m²
Price/m²£2.3K/m²

Value Estimate

£239,059

 

 

End Value (After Refurb)

£269,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£73,500

Stamp Duty & Legal Fees

£12,220

Refurb Costs

£49,871

Bridging Loan Interest

£7,718

Total Cash In

£145,058

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£269,375

Mortgage (After Refinance)

£202,031

Mortgage LTV

75%

Cash Left In

£145,058

Equity

£67,344

Rent Range

£433 - £1,300

Rent Estimate

£781

Running Costs/mo

£1,018

Cashflow/mo

£-237

Cashflow/yr

£-2,844

Gross Yield

3%

Local Sold Prices

47 sold prices from £115K to £765K, average is £252K. £1.3K/m² to £4.3K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£296K04/230.16 mi25, Edenside, Cargo, Carlisle, Cumberland CA6 4AQ4
£193K05/210.16 mi55, Edenside, Cargo, Carlisle, Cumbria CA6 4AQ4
£242.5K06/210.16 mi72, Edenside, Cargo, Carlisle, Cumbria CA6 4AQ4
£210K10/200.16 mi39, Edenside, Cargo, Carlisle, Cumbria CA6 4AQ4
£215K04/210.16 mi33, Edenside, Cargo, Carlisle, Cumbria CA6 4AQ4
£218.5K04/210.16 mi56, Edenside, Cargo, Carlisle, Cumbria CA6 4AQ4
£267.5K01/230.16 mi27, Edenside, Cargo, Carlisle, Cumberland CA6 4AQ4
£270K04/210.94 mi63, Maxwell Drive, Kingstown, Carlisle, Cumbria CA6 4EB4
£220K12/201 mi18, Charlton Way, Kingstown, Carlisle, Cumbria CA6 4EU4
£310K09/211.11 mi2, Meadowfield, Harker Road Ends, Carlisle, Cumbria CA6 4HE4
£255K02/211.11 mi4, Meadowfield, Harker Road Ends, Carlisle, Cumbria CA6 4HE4
£185K12/201.17 mi5, Crindledyke Close, Kingstown, Carlisle, Cumbria CA6 4BX4
£212.5K07/211.17 mi9, Crindledyke Close, Kingstown, Carlisle, Cumbria CA6 4BX4
£220K01/211.42 mi150, Lowry Hill Road, Carlisle, Cumbria CA3 0ER4
£265K12/201.42 mi156, Lowry Hill Road, Carlisle, Cumbria CA3 0ER4
£320K07/231.46 mi20, Hether Drive, Carlisle, Cumberland CA3 0ED4
£256.5K12/211.47 mi5, Bailey Road, Carlisle, Cumbria CA3 0HG4
£280K10/221.49 mi11, Teasdale Road, Carlisle, Cumbria CA3 0HF4
£256K12/201.5 mi23, Liddle Close, Carlisle, Cumbria CA3 0DT4
£229.9K12/201.54 mi208, Lowry Hill Road, Carlisle, Cumbria CA3 0EG4
£255K12/201.58 mi2, Lowry Hill Road, Carlisle, Cumbria CA3 0DF4
£264K02/231.59 mi3, Swinburn Drive, Carlisle, Cumberland CA3 0PY4
£209K12/201.6 mi30, Naworth Drive, Carlisle, Cumbria CA3 0DD4
£255K03/231.6 mi33, Naworth Drive, Carlisle, Cumberland CA3 0DD4
£287K03/231.62 mi10, Lonning Foot, Rockcliffe, Carlisle, Cumberland CA6 4AB4
£279K01/211.62 miBeech Nook, Lonning Foot, Rockcliffe, Carlisle, Cumbria CA6 4AB4
£129K07/231.63 mi42, Blencarn Park, Rockcliffe, Carlisle, Cumberland CA6 4AH4
£183K02/231.63 mi51, Blencarn Park, Rockcliffe, Carlisle, Cumberland CA6 4AH4
£350K08/221.67 mi13, Sanderson Close, Carlisle, Cumbria CA3 0QA4
£115K07/211.75 mi35, Bracken Ridge, Carlisle, Cumbria CA3 9TE4
£305K12/221.75 mi61, Pinecroft, Carlisle, Cumbria CA3 0DB4
£250K05/211.76 miKingmoor Grange, Kingstown Road, Carlisle, Cumbria CA3 0AX4
£122.5K11/201.76 mi19, Fernlea Way, Carlisle, Cumbria CA3 9SH4
£244K10/201.77 mi19, Moorville Drive, Carlisle, Cumbria CA3 0AN4
£300K02/231.8 mi40, Newfield Drive, Carlisle, Cumbria CA3 0AF4
£235K02/211.8 mi132, Kingstown Road, Carlisle, Cumbria CA3 0AY4
£300K09/221.81 mi18, Wentworth Drive, Carlisle, Cumbria CA3 0PW4
£207.5K02/211.82 mi10, Moorville Drive South, Carlisle, Cumbria CA3 0AW4
£325K01/231.83 mi13, Newfield Drive, Carlisle, Cumberland CA3 0AG4
£225K12/221.83 mi17, Riverbank Court, Carlisle, Cumberland CA3 9PQ4
£225K12/221.84 mi17, Riverbank Court, Carlisle, Cumbria CA3 9PQ4
£320K09/211.86 mi32, Newfield Park, Carlisle, Cumbria CA3 0AH4
£252K06/211.86 mi36, Newfield Park, Carlisle, Cumbria CA3 0AH4
£765K09/211.88 miSt Anns House, Etterby Scaur, Carlisle, Cumbria CA3 9PD4
£190K05/211.89 mi20, Palmer Road, Carlisle, Cumbria CA2 7NE4
£280K06/221.94 mi5, Harker Park Road, Harker Park, Carlisle, Cumbria CA6 4HS4
£240K05/211.96 mi40, Turnberry Way, Carlisle, Cumbria CA3 0QL4

Local Rents

51 rents from £433/mo to £1.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80003/240.12 miCargo, Carlisle, Cumbria, CA63
£75003/240.93 miFenwick Drive, Kingstown, Carlisle, CA62
£1,30004/241.33 miLow Harker, Carlisle, CA64
£1,00004/241.58 miSkiddaw View, Low Harker, CA63
£43304/241.63 miBlencarn Park, Rockcliffe, Carlisle, CA64AH1
£62503/241.64 miGreenwood Court, Carlisle, CA32
£69503/241.65 miThe Green, Briar Bank, Carlisle3
£87503/241.65 miGarrett Way, Carlisle3
£87503/241.65 miGarrett Way, Carlisle3
£60004/241.66 miKingstown Road, Carlisle2
£45003/241.68 miBalmoral Court, Carlisle, Cumbria, CA32
£57503/241.7 miBelfry Close, Carlisle, CA32
£62503/241.7 miSt. Pierre Avenue, Etterby, Carlisle2
£72504/241.72 mi20 St. Augusta View, CA33
£50005/241.73 mi22 Sunningdale Close, Etterby Park, Carlisle1
£85003/241.76 miKingstown Road, Carlisle, CA33
£69504/241.76 miMonterey House, California Road, Carlisle2
£43504/241.78 miSunningdale Gardens, Carlisle1
£62503/241.82 miFulford walk, Carlisle, CA32
£62504/241.82 miFulford walk, Carlisle, CA32
£62504/241.82 miFulford walk, Carlisle, CA32
£85009/241.84 mi-3
£97505/241.87 miAustin Court, Etterby Road, Carlisle3
£1,10003/241.94 miAbbotsford Drive, Carlisle4
£1,10004/241.94 miAbbotsford Drive, Carlisle4
£60003/241.98 miGosling Drive, Carlisle, CA33
£77504/241.99 miMoorhouse Road, Carlisle2
£60004/241.99 miCaldew Close, Carlisle, CA31
£72505/242.03 miEdentown Court, Eden Street, Stanwix2
£99503/242.03 mi6 Sanderling Close, Carlisle, Cumbria, CA23
£99503/242.03 miSanderling Close, Carlisle, Cumbria, CA23
£75004/242.05 mi-2
£75010/242.05 mi-2
£92503/242.06 miSanderling Close, Cumbria, CA23
£97503/242.07 miSanderling Close, Carlisle, CA23
£95005/242.07 miSanderling Close, Carlisle, CA23
£95004/242.07 miSanderling Close, Carlisle, CA23
£97503/242.07 miSanderling Close, Carlisle, CA23
£79505/242.08 miGreymoor Way, Carlisle, CA32
£1,10003/242.08 miDunlin Close, Carlisle, CA23
£72503/242.09 miWalden Grove, Carlisle, Cumbria, CA32
£95003/242.09 miSanderling Walk, Carlisle, CA23
£69503/242.1 miTurnstone Drive, Carlisle, CA22
£99508/232.11 mi-3
£69509/242.2 mi-2
£72503/242.21 miBerkeley Grange, Carlisle2
£72503/242.21 miBerkeley Grange, Carlisle2
£52503/242.28 miWilson Street, Carlisle2
£1,30003/242.28 miWilson Street, Carlisle4
£55012/242.28 miCarlisle, Cumbria, CA22
£55003/242.3 miLawson Street, Carlisle2

Local Area Statistics

Population in CA6

8,842

Population in Carlisle

103,015

Town centre distance

2.43 miles away

Nearest school

1.50 miles away

Nearest train station

3.15 miles away

 

 

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £294,000

March 10, 2023

Floor Plans

Description

  • Detached property +
  • Substantial corner plot +
  • In need of modernisation throughout +
  • Popular village location +
  • Sweeping gardens with water feature and pond +
  • Integral garage and parking +
  • Four bedrooms +
  • Two reception rooms +

Set on a substantial corner plot surrounded by sweeping gardens this four bedroom, two reception room property has ample living space for a growing family. The ground floor offers lounge, dining room with French doors, kitchen, utility room and integral garage. The first floor offers four bedrooms including the master bedroom with a walk-in wardrobe that could be converted to an en-suite (subject to planning permission), bathroom and ample storage throughout. Generous well-maintained front, side and rear gardens incorporating patio, water feature and pond. Double driveway parking and additional parking to the side of the property (included within the property boundary). Offering a family size home in the heart of Cargo this property must be viewed. In need of modernisation throughout Derohn offers a perfect opportunity for those looking to put their own stamp on a property. The accommodation with approximate measurements briefly comprises: UPVC glazed front door into entrance hall.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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