5 Bed Detached House, Single Let, Carnforth, LA6 2AT, £2,100,000

Mill Brow House and 7 Apartments, Kirkby Lonsdale, Carnforth, Cumbria, LA6 2AT - 5 views - a year ago

BTL
~397 m²
+23 photos

ValuationOvervalued

Sold Prices£340K - £785K
Sold Prices/m²£2.2K/m² - £5.6K/m²

 

 

Square Metres

~397.38 m²
Price/m²£5.3K/m²

Value Estimate

£1,385,123

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£525,000

Stamp Duty & Legal Fees

£227,450

Total Cash In

£752,450

 

 

Cash Out

 

Rent Range

£825 - £1,750

Rent Estimate

£878

Running Costs/mo

£6,758

Cashflow/mo

£-5,880

Cashflow/yr

£-70,561

Gross Yield

1%

Local Sold Prices

7 sold prices from £340K to £785K, average is £660K. £2.2K/m² to £5.6K/m², average is £3.9K/m².

PriceDateDistanceAddressBeds 
£710K03/210.03 mi1, Horse Market, Kirkby Lonsdale, Carnforth, Cumbria LA6 2AS4
£600K02/230.12 mi7, Rowan Garth, Kirkby Lonsdale, Carnforth, Westmorland And Furness LA6 2JR4
£540K12/200.18 mi41, New Road, Kirkby Lonsdale, Carnforth, Cumbria LA6 2AB4
£722K11/210.19 miLoney Beck House, 10, Lower Abbotsgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JU4
£660K04/230.2 miSilver Birches, Fairgarth Drive, Kirkby Lonsdale, Carnforth, Westmorland And Furness LA6 2DT4
£785K10/220.25 mi5, Abbotsgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JS4
£340K06/211.61 mi5, Loyne Park, Whittington, Carnforth, Lancashire LA6 2NL4

Local Rents

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

RentDateDistanceAddressBeds 
£82505/240.13 miFell View, Main Street, Kirkby Lonsdale2
£1,00004/240.17 miNew Road, Kirkby Lonsdale, LA6 2AB4
£1,40005/240.2 mi11 Lower Abbotsgate, Kirkby Lonsdale3
£1,75005/240.45 mi60 Oakfield Park Kirkby Lonsdale4
£89504/241.2 mi3 Low Moorgate,kearstwick,LA6 2EF2
£1,50012/241.2 miBeech Meadow, 5 The Meadows, Kirkby Lonsdale, Carnforth, LA6 2GY3
£95004/241.83 miMain Street, Whittington, Carnforth, Lancashire, LA6 2NY2

Local Area Statistics

Population in LA6

12,877

Population in Carnforth

29,230

Town centre distance

8.65 miles away

Nearest school

0.30 miles away

Nearest train station

5.50 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £2,100,000

June 10, 2024

Floor Plans

Description

  • Popular Market Town Location +
  • Grade II Listed Residence +
  • 7 Letting Apartments +
  • Superb Views +

*MAIN RESIDENCE AND 7 APARTMENTS*

A stunning Grade II Listed residence offering a unique investment opportunity. With a main residence, 7 apartments, ample parking and further development potential all wrapped up in 0.53 acres this is an exceptional find. Set in a stunning location with far reaching views overlooking Ruskins View and the River Lune.This substantial Grade II listed residence provides an exceptional opportunity in the charming town of Kirkby Lonsdale, set within a plot extending to 0.53 acres of beautifully landscaped gardens and a rare and substantial parking area. The property is divided into a main house and 7 individual apartments, each with stunning views of the renowned Ruskin’s View. With scope for further development this provides a unique opportunity with substantial growth potential.

This historic Grade II listed residence, with its seven spacious apartments, offers an exceptional investment opportunity. With a steady income stream from long-term tenants and considerable potential for growth, this property is ideally suited for investors seeking a reliable and profitable venture or offers a superb home for those looking for a substantial residence in a highly sought after position.

Agent Details

Armitstead Barnett, Cumbria

01539 761533

Next Steps?

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