3 Bed Bungalow, Refurb/BRRR, Carnforth, LA6 2DT, £350,000

15 Fairgath Drive, Kirkby Lonsdale - a year ago

Refurb/BRRR
~125 m²
+25 photos

ValuationFair Value

Sold Prices£238K - £520K
Sold Prices/m²£2.5K/m² - £4.6K/m²

 

 

Square Metres

~125.05 m²
Price/m²£2.8K/m²

Value Estimate

£353,500

 

 

End Value (After Refurb)

£452,422

Uplift in Value

+29%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£87,500

Stamp Duty & Legal Fees

£23,700

Refurb Costs

£50,510

Bridging Loan Interest

£9,188

Total Cash In

£172,648

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£452,422

Agent Fees (1%)

£4,524

Bridging Loan

£262,500

Bridging Loan Interest

£9,188

Flip Profit

£12,750

Local Sold Prices

21 sold prices from £238K to £520K, average is £352.5K. £2.5K/m² to £4.6K/m², average is £3.2K/m².

PriceDateDistanceAddressBeds 
£365K06/210.04 mi11, Lower Abbotsgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JU3
£395K10/220.05 mi27, Lower Abbotsgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JU3
£352.5K06/210.07 mi4, Fairbank, Kirkby Lonsdale, Carnforth, Cumbria LA6 2BD3
£410K01/230.07 mi12, Fairgarth Drive, Kirkby Lonsdale, Carnforth, Cumbria LA6 2DT3
£310K08/210.08 miFlat 4, Abbot Hall Barn, Mitchelgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2BE3
£435K01/230.12 mi89, Fairgarth Drive, Kirkby Lonsdale, Carnforth, Cumbria LA6 2FB3
£375K08/230.12 mi71, Fairgarth Drive, Kirkby Lonsdale, Carnforth, Westmorland And Furness LA6 2FB3
£470K01/230.14 mi2, Rowan Garth, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JR3
£430K02/230.19 mi3, Tram Lane, Kirkby Lonsdale, Carnforth, Cumbria LA6 2BQ3
£285K03/210.21 mi14, Tram Lane, Kirkby Lonsdale, Carnforth, Cumbria LA6 2BQ3
£280K02/210.23 mi25, Main Street, Kirkby Lonsdale, Carnforth, Cumbria LA6 2AQ3
£405K06/210.23 mi1, Back Lane, Kirkby Lonsdale, Carnforth, Cumbria LA6 2AP3
£248K03/230.3 mi15, Raygarth, Kirkby Lonsdale, Carnforth, Westmorland And Furness LA6 2DS3
£245K10/200.31 mi1, Lunefield Drive, Kirkby Lonsdale, Carnforth, Cumbria LA6 2BY3
£435K07/210.85 mi2, Chapel Garth, High Casterton, Carnforth, Cumbria LA6 2SE3
£280K05/211.03 mi10, Fern Croft, Casterton, Carnforth, Cumbria LA6 2RY3
£520K10/221.03 miHelm Lea, Smithy How, Casterton, Carnforth, Cumbria LA6 2RX3
£275K10/211.56 mi3, Loyne Park, Whittington, Carnforth, Lancashire LA6 2NL3
£300K06/211.64 miHolme Croft, Church Street, Whittington, Carnforth, Lancashire LA6 2NU3
£238K12/201.78 miFern Cottage, Main Street, Whittington, Carnforth, Lancashire LA6 2NY3
£307K09/221.79 mi12, The Maltings, Whittington, Carnforth, Lancashire LA6 2NJ3

Local Rents

7 rents from £825/mo to £1.8K/mo, average is £1K/mo.

RentDateDistanceAddressBeds 
£1,40005/240.05 mi11 Lower Abbotsgate, Kirkby Lonsdale3
£1,00004/240.12 miNew Road, Kirkby Lonsdale, LA6 2AB4
£82505/240.23 miFell View, Main Street, Kirkby Lonsdale2
£1,75005/240.26 mi60 Oakfield Park Kirkby Lonsdale4
£89504/241.09 mi3 Low Moorgate,kearstwick,LA6 2EF2
£1,50012/241.35 miBeech Meadow, 5 The Meadows, Kirkby Lonsdale, Carnforth, LA6 2GY3
£95004/241.79 miMain Street, Whittington, Carnforth, Lancashire, LA6 2NY2

Local Area Statistics

Population in LA6

12,877

Population in Carnforth

29,230

Town centre distance

8.50 miles away

Nearest school

0.20 miles away

Nearest train station

5.54 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £350,000

January 15, 2025

Listed for £375,000

February 22, 2024

Floor Plans

Description

  • Gorgeous Bungalow in the Heart of Kirkby Lonsdale +
  • Fabulous Potential +
  • Great Size Plot +
  • Highly sought-after Location +
  • Off Street Parking +
  • 3 Bedroom Family Home +
  • Excellent Rental Opportunity +
  • Opportunity to Add Value +
  • Excellent Schools & Amenities +

Nestled in the sought-after residential area of Kirkby Lonsdale, Fairgarth Drive presents an enticing opportunity for those seeking a family home with potential for personalisation and further modernisation. Boasting three bedrooms, this semi-detached bungalow offers versatile living space ideal for couples, families, or professionals working in the area. Upon arrival, a spacious entrance hall welcomes you, offering convenient storage and access to the ground floor. The generous living room, adorned with a feature fireplace, provides a cosy retreat for family gatherings or quiet evenings. Adjacent, the kitchen/breakfast room awaits, equipped with modern conveniences and ample storage, while a porch, housing utilities, offers additional practicality. A beautiful ground floor bathroom with underfloor heating and a large bedroom enhance the property's appeal, catering to various lifestyle needs. Meanwhile, the second reception room, seamlessly connected to a charming conservatory, offers an inviting space for entertaining or relaxation. Ascend to the first floor to discover two further double bedrooms, each boasting access to ample eaves storage, alongside a shower room for added convenience. Outside, the property impresses with driveway parking for two vehicles and a front garden adorned with lush lawn and established beds, creating a welcoming exterior. The rear garden, designed to remain low maintenance, features a patio area for alfresco dining and an additional lower level accessible via steps, offering potential for further landscaping, storage or leisure space. Situated in Kirkby Lonsdale, a picturesque town renowned for its independent shops and scenic landmarks, residents can enjoy a vibrant lifestyle enriched by the surrounding natural beauty. With easy access to the Yorkshire Dales National Park and the Lake District via nearby transport routes, outdoor enthusiasts will find ample opportunities for exploration and adventure. With its blend of practicality, potential, and location, Fairgarth Drive presents an attractive prospect for those seeking a comfortable yet adaptable abode in this desirable Lune Valley Market Town. * These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property. It is not company policy to test any services or appliances in properties offered for sale and these should be verified on survey by prospective purchasers.*

Agent Details

Lune Valley Estates, Lune Valley

01524 967573

Next Steps?

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