4 Bed Detached House, Refurb/BRRR, Carnforth, LA6 2DG, £360,000

Kirkby Lonsdale, Carnforth, Lancashire, LA6 2DG - 3 views - 9 months ago

Sold STC
Refurb/BRRR
~129 m²
+6 photos

ValuationUndervalued

Sold Prices£340K - £975K
Sold Prices/m²£2.2K/m² - £5.6K/m²

 

 

Square Metres

~129.26 m²
Price/m²£2.8K/m²

Value Estimate

£385,646

 

 

End Value (After Refurb)

£463,498

Uplift in Value

+9%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£90,000

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£52,210

Bridging Loan Interest

£9,450

Total Cash In

£176,110

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£463,498

Mortgage (After Refinance)

£347,623

Mortgage LTV

75%

Cash Released

£77,623

Cash Left In

£98,486

Equity

£115,874

Rent Range

£825 - £1,750

Rent Estimate

£1,189

Running Costs/mo

£1,706

Cashflow/mo

£-517

Cashflow/yr

£-6,207

Gross Yield

4%

Local Sold Prices

10 sold prices from £340K to £975K, average is £630K. £2.2K/m² to £5.6K/m², average is £3.7K/m².

PriceDateDistanceAddressBeds 
£540K12/200.69 mi41, New Road, Kirkby Lonsdale, Carnforth, Cumbria LA6 2AB4
£785K10/220.71 mi5, Abbotsgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JS4
£555K10/200.72 mi12, Bective Road, Kirkby Lonsdale, Carnforth, Cumbria LA6 2BG4
£600K02/230.73 mi7, Rowan Garth, Kirkby Lonsdale, Carnforth, Westmorland And Furness LA6 2JR4
£722K11/210.75 miLoney Beck House, 10, Lower Abbotsgate, Kirkby Lonsdale, Carnforth, Cumbria LA6 2JU4
£395K10/200.79 mi11, Fairgarth Drive, Kirkby Lonsdale, Carnforth, Cumbria LA6 2DT4
£660K04/230.79 miSilver Birches, Fairgarth Drive, Kirkby Lonsdale, Carnforth, Westmorland And Furness LA6 2DT4
£340K06/210.79 mi5, Loyne Park, Whittington, Carnforth, Lancashire LA6 2NL4
£710K03/210.79 mi1, Horse Market, Kirkby Lonsdale, Carnforth, Cumbria LA6 2AS4
£975K06/212.81 miThe Courtyard, Thurland Castle, Tunstall Road, Tunstall, Carnforth, Lancashire LA6 2QR4

Local Rents

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

RentDateDistanceAddressBeds 
£1,00004/240.69 miNew Road, Kirkby Lonsdale, LA6 2AB4
£82505/240.69 miFell View, Main Street, Kirkby Lonsdale2
£1,40005/240.74 mi11 Lower Abbotsgate, Kirkby Lonsdale3
£1,75005/240.89 mi60 Oakfield Park Kirkby Lonsdale4
£95004/241.01 miMain Street, Whittington, Carnforth, Lancashire, LA6 2NY2
£1,50012/241.1 miBeech Meadow, 5 The Meadows, Kirkby Lonsdale, Carnforth, LA6 2GY3
£89504/241.81 mi3 Low Moorgate,kearstwick,LA6 2EF2

Local Area Statistics

Population in LA6

12,877

Population in Carnforth

29,230

Town centre distance

8.01 miles away

Nearest school

0.70 miles away

Nearest train station

4.77 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £360,000

December 4, 2024

Listed for £425,000

July 29, 2024

Description

  • Project with great potential +
  • Currently used as two apartments +
  • Popular market town location +
  • Gardens and garaging +
  • Good access to the M6 +
  • Catchment for excellent local schools +

Character stone barn, with ground floor and first floor apartment accommodation, in need of modernisation. Located on the fringes of Kirkby Lonsdale - this one is not to be missed!Nestled on the edge of the picturesque market town of Kirkby Lonsdale this property offers an excellent opportunity for purchasers seeking a project with great potential. Currently comprising two separate areas of accommodation comprising a ground floor and first floor apartment-style living this property could be used as two, and is ideal for investors, or would easily make one residence to provide an ideal, spacious family home. Kirkby Lonsdale is a charming market town in the South Lakeland area, known for its historical architecture, scenic landscapes and vibrant community. The property is a five minute drive from the centre of Kirkby Lonsdale where amenities including independent shops, bars and eateries can be enjoyed. To the south is the rural village of Whittington and beyond the historical city of Lancaster.

The property has good access to the M6 via Junction 36 and rail links from Lancaster and Oxenholme railway stations, which have direct links to Manchester and London Euston, being situated on the West Coast Mainline. For those looking to create a family home, there are some excellent local schools including primary and secondary, with Queen Elizabeth at Kirkby Lonsdale being a highly sought-after school just a short distance from the property. If you like the outdoors, then there is plenty on offer, being nestled between the Lake District National Park and the Yorkshire Dales National Park.

Set in an area known as Sellet Mill the property together with three other properties enjoys a rural yet accessible position. Access leads from the B6254 to a driveway which splits, with the barn having an access to the left, with the driveway leading to the front and rear of the property.
Although in need of renovation and modernisation this property is a superb blank canvas for a purchaser to add their own taste and specification to create a dream home in a highly sought-after location. One of the stand-out features of this property is the stunning and uninterrupted views of the Lune Valley with a beautiful outlook which can be enjoyed from within the property. The accommodation is currently split into two self-contained areas and the ground floor accommodation comprises an entrance porch at the side which opens up into the lounge which has a dual aspect. The kitchen-dining space is situated at the rear of the property, with wall and base mounted units to one side, rear personal access door and an outlook to the side elevation. There are two generous bedrooms and a house bathroom currently with WC, wash hand basin and bath. Within the inner hallway there is storage cupboard. Externally there is a single garage building and a lawned garden area immediately to the front of the property with the driveway and a further garden area beyond.

The accommodation on the first floor is accessed from the rear of the property, opening up into a spacious hallway with storage to one wall. There is a generous living room with dual aspect and stunning views down the Lune Valley. There are two bedrooms included with the first floor accommodation together with a recently upgraded shower room comprising shower cubicle, WC and wash hand basin. The kitchen is of generous proportions and is separated into two areas with ample storage with the wall and base mounted units and dual outlook. There is currently a separate dining room adjoining the kitchen however this would make a great open kitchen-living space should purchasers require. From the kitchen is an internal access into the garage area where there is a WC and cloakroom facility, meaning that the garage serves as an excellent utility and storage area. The garage has an external personal access door and an up-and-over door to the front.

Externally the gardens are utilised as one at present and have three distinctive areas of lawned garden and planting together with two garage buildings, giving excellent convenience and practicality.

With stunning views and a highly desirable location there is excellent potential with this home, which has the added benefit of being close to the amenities and charm of Kirkby Lonsdale.

Agent Details

Armitstead Barnett, Cumbria

01539 761533

Next Steps?

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