2 Bed Bungalow, Refurb/BRRR, Carnforth, LA6 1JL, £290,000

Priest Hutton, Carnforth, LA6 1JL - 21 views - a year ago

Refurb/BRRR
~142 m²
+10 photos

ValuationFair Value

Sold Prices£72K - £358K
Sold Prices/m²£1.3K/m² - £4.5K/m²

 

 

Square Metres

~141.90 m²
Price/m²£2K/m²

Value Estimate

£285,596

 

 

End Value (After Refurb)

£364,625

Uplift in Value

+26%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£72,500

Stamp Duty & Legal Fees

£11,900

Refurb Costs

£57,316

Bridging Loan Interest

£7,613

Total Cash In

£151,079

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£364,625

Mortgage (After Refinance)

£273,468

Mortgage LTV

75%

Cash Released

£55,968

Cash Left In

£95,111

Equity

£91,156

Rent Range

£495 - £1,800

Rent Estimate

£1,049

Running Costs/mo

£1,369

Cashflow/mo

£-320

Cashflow/yr

£-3,843

Gross Yield

4%

Local Sold Prices

50 sold prices from £72K to £358K, average is £140K. £1.3K/m² to £4.5K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£170.5K09/221.56 miHutton House Cottage, Main Street, Burton, Carnforth, Cumbria LA6 1LR2
£220K09/211.64 miMillstone Cottage, Main Street, Burton, Carnforth, Cumbria LA6 1LY2
£160K10/201.65 miCockpennys Cottage, Cocking Yard, Burton, Carnforth, Cumbria LA6 1LZ2
£220K08/221.66 miHill View, Main Street, Burton, Carnforth, Cumbria LA6 1NA2
£195K12/221.66 mi1, Barker Terrace, Burton, Carnforth, Cumbria LA6 1JD2
£160K03/211.73 miRose Cottage, Tanpits Lane, Burton, Carnforth, Cumbria LA6 1HX2
£196K12/201.76 mi5, Newcroft, Warton, Carnforth, Lancashire LA5 9QD2
£287K10/221.8 mi12, Vicarage Close, Burton, Carnforth, Cumbria LA6 1NP2
£137.5K06/211.9 mi14, Washington Drive, Warton, Carnforth, Lancashire LA5 9RA2
£148K10/201.9 mi4, Washington Drive, Warton, Carnforth, Lancashire LA5 9RA2
£150K11/201.97 mi162, Main Street, Warton, Carnforth, Lancashire LA5 9PN2
£240K11/222.08 mi116, Main Street, Warton, Carnforth, Lancashire LA5 9PJ2
£358K10/222.16 miNetherbeck Cottage, North Road, Carnforth, Lancashire LA5 9NG2
£169.9K08/232.42 mi3, Archers Hill, Carnforth, Lancashire LA5 9HG2
£240K10/222.44 mi131, North Road, Carnforth, Lancashire LA5 9LU2
£140K06/232.44 mi9, Jackson Terrace, Carnforth, Lancashire LA5 9HF2
£82.3K08/212.46 mi14, Grange View, Warton, Carnforth, Lancashire LA5 9HL2
£150K09/232.46 mi14, Grange View, Warton, Carnforth, Lancashire LA5 9HL2
£200K07/212.47 miHalls Cottage, The Green, Over Kellet, Carnforth, Lancashire LA6 1BU2
£310K01/232.47 mi19, Greenways, Over Kellet, Carnforth, Lancashire LA6 1DE2
£114K03/232.48 mi10, William Street, Carnforth, Lancashire LA5 9HE2
£100K03/212.48 mi8, William Street, Carnforth, Lancashire LA5 9HE2
£98K02/212.48 mi6, William Street, Carnforth, Lancashire LA5 9HE2
£72K03/232.5 mi11, Mary Street, Carnforth, Lancashire LA5 9HJ2
£103K11/202.5 mi1, Albert Street, Millhead, Carnforth, Lancashire LA5 9DR2
£90K12/202.5 mi11, Albert Street, Millhead, Carnforth, Lancashire LA5 9DR2
£126K06/232.5 mi1, Albert Street, Millhead, Carnforth, Lancashire LA5 9DR2
£155K09/232.52 mi4, Rupert Street, Carnforth, Lancashire LA5 9UU2
£184.5K05/212.58 mi28, Church Bank, Over Kellet, Carnforth, Lancashire LA6 1DT2
£180K03/232.61 mi17, Holme Mills Cottages, Holme, Carnforth, Westmorland And Furness LA6 1RB2
£137.5K10/202.61 mi19, Holme Mills Cottages, Holme, Carnforth, Cumbria LA6 1RB2
£181K07/212.64 mi3, Springfield, Holme, Carnforth, Cumbria LA6 1QZ2
£140K05/232.71 mi73, North Road, Carnforth, Lancashire LA5 9NA2
£97.3K12/202.71 mi86, North Road, Carnforth, Lancashire LA5 9NA2
£100K10/202.74 mi87, Market Street, Carnforth, Lancashire LA5 9LL2
£110K06/232.74 mi83, Market Street, Carnforth, Lancashire LA5 9LL2
£100K11/202.78 mi134, Kellet Road, Carnforth, Lancashire LA5 9LS2
£132.5K12/222.78 mi9, Preston Street, Carnforth, Lancashire LA5 9BY2
£90K11/202.81 mi20, Fairfield Close, Carnforth, Lancashire LA5 9XL2
£130K12/222.81 mi24, Russell Road, Carnforth, Lancashire LA5 9AQ2
£125K12/202.81 mi11, Edward Street, Carnforth, Lancashire LA5 9DA2
£107.5K12/202.81 mi3, Edward Street, Carnforth, Lancashire LA5 9DA2
£123K06/212.81 mi22, Russell Road, Carnforth, Lancashire LA5 9AQ2
£152.5K08/232.83 mi10, New Street, Carnforth, Lancashire LA5 9BX2
£155K08/212.83 mi35, Bridgeside, Carnforth, Lancashire LA5 9LF2
£115K11/222.84 mi130, Kellet Road, Carnforth, Lancashire LA5 9LS2
£155K12/222.84 mi19, Haws Hill, Carnforth, Lancashire LA5 9DD2
£126K09/212.84 mi39, Highfield Road, Carnforth, Lancashire LA5 9AH2
£93K05/212.84 mi49, Highfield Road, Carnforth, Lancashire LA5 9AH2
£132.5K06/232.84 mi43, Highfield Road, Carnforth, Lancashire LA5 9AH2

Local Rents

9 rents from £495/mo to £1.8K/mo, average is £795/mo.

RentDateDistanceAddressBeds 
£79505/241.46 miMowbray Drive, Burton, Carnforth1
£49501/251.56 mi-1
£1,80004/241.64 miYealand Road, Yealand Conyers, Carnforth4
£1,80004/241.64 miYealand Road, Yealand Conyers, Carnforth4
£75004/241.8 miGlebe Close, Burton, Carnforth2
£59502/242.04 mi-2
£95005/242.35 miClawthorpe, Carnforth, LA6 1NU3
£65005/242.44 mi-2
£1,15011/242.47 mi-3

Local Area Statistics

Population in LA6

12,877

Population in Carnforth

29,230

Town centre distance

2.67 miles away

Nearest school

1.70 miles away

Nearest train station

2.78 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £290,000

September 26, 2024

Listed for £300,000

November 6, 2023

Floor Plans

Description

  • Potentail to create additional bedrooms in the loft space (SSTP) +
  • Former villiage school +
  • Conservation area +
  • Beautiful location +
  • Two bedrooms +
  • Shower Room +
  • Three out buildings +
  • Ample parking +
  • In need of modernisation +

An exciting opportunity to purchase a part of History within the heart of Priest Hutton. This converted former Village School named The “Old Village School” has a feel of a semi-detached bungalow. Overlooking the Village square to the front and beautiful field views to the rear, this property is a must view.

This accommodation is partial double glazed, gas central heating and briefly comprises: large entrance hall, stunning living room which was the former school hall; featuring exposed wooden beams, fireplace and large windows, kitchen with conservatory, two double bedroom with the master bedroom featuring ample fitted wardrobes and shower room. There is a large attic space which could be converted into additional bedrooms (SSTP) should it be desired.

Externally the property sits on a spacious low maintenance plot with slate chippings. There is ample parking for multiple cars and three out buildings for extra storage.

Please note this property is in need of modernisation however, vast potential to create a wonderful home in an idyllic location. The property is on a septic tank and also LPG tank.

Priest Hutton is quite simply stunning a delightful location and a great place in which to enjoy rolling hills and stunning countryside. Located just outside the village of Burton-in-Kendal and is set in a tranquil, countryside location. Amenities are close by with the Motorway junction 5 minutes away and is on a regular bus route. The area offers fantastic canal walks within minutes of the property to the well regarded Longlands Pub and marina. In nearby Burton there is a pub, post office and grocery store and many clubs and societies based in the village hall.

Freehold
Council Tax Band - D

Agent Details

Entwistle Green, Morecambe

01524 967563

Next Steps?

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