8 Bed HMO, Carlisle, CA1 2HA, £160,000

Close Street, Carlisle, CA1 2HA - 8 months ago

Sold STC
HMO
ROI: 25%
~286 m²
+9 photos

ValuationUndervalued

Sold Prices£85K - £315K
Sold Prices/m²£811/m² - £2.7K/m²

 

 

Square Metres

~285.90 m²
Price/m²£560/m²

Value Estimate

£196,800
BMV23%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£40,000

Stamp Duty & Legal Fees

£9,200

Total Cash In

£49,200

 

 

Cash Out

 

Room Rate

£364

Gross Rent

£2,912

Running Costs/mo

£1,891

Cashflow/mo

£1,021

Cashflow/yr

£12,256

ROI

25%

Gross Yield

22%

Local Sold Prices

47 sold prices from £85K to £315K, average is £191K. £811/m² to £2.7K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£232K04/210.25 mi56, Aglionby Street, Carlisle, Cumbria CA1 1JS4
£225K11/220.26 mi3, Hart Street, Carlisle, Cumbria CA1 2BP4
£175K12/220.26 mi15, Hart Street, Carlisle, Cumbria CA1 2BP4
£175K10/210.28 mi45, Petteril Street, Carlisle, Cumbria CA1 2AJ4
£215K06/230.28 mi45, Petteril Street, Carlisle, Cumberland CA1 2AJ4
£177.5K04/210.3 mi15, Lismore Street, Carlisle, Cumbria CA1 2AH4
£250K08/210.32 mi38, Broad Street, Carlisle, Cumbria CA1 2AQ4
£175K12/200.32 mi51, Broad Street, Carlisle, Cumbria CA1 2AQ4
£197.5K11/220.32 mi32, Broad Street, Carlisle, Cumbria CA1 2AQ4
£195K12/220.34 mi24, River Street, Carlisle, Cumbria CA1 2AL4
£245K11/200.34 mi79, Warwick Road, Carlisle, Cumbria CA1 1EB4
£187.5K01/210.36 mi5, Tramside Way, Carlisle, Cumbria CA1 2FH4
£122K03/230.37 mi7, Blackwell Road, Carlisle, Cumbria CA2 4AB4
£180K12/220.38 mi39, Chiswick Street, Carlisle, Cumbria CA1 1HJ4
£290K05/230.39 mi8, Chiswick Street, Carlisle, Cumberland CA1 1HQ4
£220K07/210.41 mi13, Chertsey Mount, Carlisle, Cumbria CA1 2PH4
£200K04/230.41 mi5, Chertsey Mount, Carlisle, Cumberland CA1 2PH4
£235K08/230.42 mi130, Petteril Street, Carlisle, Cumberland CA1 2AW4
£132.5K02/210.42 mi75, Petteril Street, Carlisle, Cumbria CA1 2AW4
£191K05/210.43 mi3, Eldred Street, Carlisle, Cumbria CA1 2AT4
£145K03/210.47 mi23, Gardenia Street, Carlisle, Cumbria CA2 4AW4
£150K02/230.47 mi7, Brunton Avenue, Carlisle, Cumbria CA1 2AU4
£150K06/230.52 mi6, Robinson Avenue, Carlisle, Cumberland CA2 4EU4
£283.5K11/200.53 mi10, Strand Road, Carlisle, Cumbria CA1 1NB4
£152.5K01/210.53 mi8, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY4
£193K02/210.54 mi204, Warwick Road, Carlisle, Cumbria CA1 1LH4
£195K03/210.54 mi202, Warwick Road, Carlisle, Cumbria CA1 1LH4
£146K11/200.55 mi219, Warwick Road, Carlisle, Cumbria CA1 1LJ4
£175K12/200.55 mi239, Warwick Road, Carlisle, Cumbria CA1 1LJ4
£85K11/200.56 mi27, Harold Street, Carlisle, Cumbria CA2 4HG4
£298.8K06/210.57 mi42, St Aidans Road, Carlisle, Cumbria CA1 1LS4
£255K11/200.57 mi32, St Aidans Road, Carlisle, Cumbria CA1 1LS4
£295K11/200.57 mi4, St Aidans Road, Carlisle, Cumbria CA1 1LS4
£170K12/200.6 mi1, South Dale Street, Carlisle, Cumbria CA2 4HR4
£122.5K12/200.65 mi85, Currock Road, Carlisle, Cumbria CA2 4BH4
£185K04/230.65 mi101, Currock Road, Carlisle, Cumberland CA2 4BH4
£105K03/210.72 mi14, Webster Crescent, Carlisle, Cumbria CA2 4DA4
£265K12/200.75 mi42, Hillcrest Avenue, Carlisle, Cumbria CA1 2QJ4
£260K11/220.76 mi1, Heron Drive, Carlisle, Cumbria CA1 2WA4
£210K09/210.77 mi33, Chertsey Bank, Carlisle, Cumbria CA1 2QF4
£235K11/220.82 miSouth View, Harraby Grove, Carlisle, Cumbria CA1 2QN4
£175.5K07/230.86 mi36, Dalston Road, Carlisle, Cumberland CA2 5NP4
£169.9K03/230.88 mi46, Carliol Drive, Carlisle, Cumberland CA1 2RE4
£227.5K11/200.89 mi51, Dalston Road, Carlisle, Cumbria CA2 5NN4
£315K07/230.89 mi54, St James Road, Carlisle, Cumberland CA2 5PD4
£167K09/210.92 mi62, Coogan Close, Carlisle, Cumbria CA2 5SG4
£143K05/211 mi9, Beaumont Road, Carlisle, Cumbria CA2 4RG4

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

1.04 miles away

Nearest school

0.10 miles away

Nearest train station

0.36 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £160,000

August 1, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Substantial Seven/Eight Bedroom, Three/Four Reception Room, Semi Detached Home +
  • Accommodation Exceeding 3000 sq ft. +
  • Potential for Many Uses Subject to Consent including Reverting Back to Two Properties +
  • Previously a Multiple Occupancy Managed Home +
  • Two Kitchens Plus a Laundry Room +
  • Three Bathrooms Plus Two Further Toilets | Rear Yard +
  • Title is Currently Unregistered and Possessory Title May Only Be Obtained +
  • NO ONWARD CHAIN +
  • EPC D | Freehold +

A substantial seven/eight bedroom, three/four reception room terraced property, once two homes converted into one, previously used as a multiple occupancy home, located in a convenient location just off the city centre and close to the University of Cumbria Fusehill Campus. This period home has some fabulous period features and has excellent potential for many uses such as student accommodation, HMO or conversion back to two separate residences subject to consents. The accommodation on offer exceeds over 3000 square foot in total.  The ground floor is separated with two entrances and hallways, there are three main reception rooms in total as previously used plus a bedroom, bathroom and two kitchens. Upstairs are seven further bedrooms, two bathrooms, two further toilets and two storage cupboards. To the rear is a yard accessed from a side passage. Please note the property title is currently unregistered and only possessory title may only be obtained.  This may affect the ability to mortgage the property and legal advice should be sought. Please contact the office to book your viewing. Offers on this property will then be invited with a closing date of Friday 16th August. Full details of how to offer will be available on request. ROOM DIMENSIONS GROUND FLOOR Porch Hallway Lounge - 4.44m x 4.14m (14'7" x 13'7") excluding bay window Bedroom 1 - 4.04m x 3.89m (13'3" x 12'9") Dining Kitchen - 4.75m x 3.66m (15'7" x 12'0") to maximum Laundry/Utility Room - 3.66m x 2.41m (12'0" x 7'11") Office - 4.67m x 4.11m (15'4" x 13'6") Hall Porch Office - 4.06m x 3.99m (13'4" x 13'1") to maximum Bathroom - 2.36m x 1.75m (7'9" x 5'9") Kitchen - 4.52m x 2.72m (14'10" x 8'11") to maximum FIRST FLOOR Landing Bedroom 2 - 4.09m x 3.89m (13'5" x 12'9") to maximum Bedroom 3 - 4.29m x 3.61m (14'1" x 11'10") Toilet Bathroom - 2.72m x 2.64m (8'11" x 8'8") Bedroom 7 - 3.61m x 2.44m (11'10" x 8'0") Bedroom 8 - 3m x 2.16m (9'10" x 7'1") Bedroom 5 - 5.31m x 4.09m (17'5" x 13'5") to maximum Bedroom 6 - 4.06m x 2.97m (13'4" x 9'9") to maximum Store Store Toilet Bedroom 4 - 5.03m x 3.3m (16'6" x 10'10") to maximum Bathroom - 2.72m x 2.64m (8'11" x 8'8") what3words directions - ///charm.spine.point Council Tax Band: A The property has an unregistered title.  An application will be expedited to register the property once an offer has been accepted.

All internal measurements are approximate and are cited to the nearest 3 inches. These property details, whilst understood to be accurate, are for guidance only and do not constitute any part of an offer or contract. Prospective purchasers cannot rely on them as statements or representations of fact, and all details must be verified through their legal representatives. No person in the employment of Tiffen & Co Estate Agents has the authority to make or give any representation or warranty in relation to the property. All appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order. **Free Market Appraisal **- Would you like to know how much your house is worth? We would be delighted to provide you with a free, no obligation valuation for your home. Please contact us to arrange an appointment.

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Need a Mortgage? Tiffen & Co Estate agents offer advice from Mortgage Advice Bureau, one of the UK's largest award winning mortgage brokers. We can search over 11,000 different mortgages from a selection of over 90 different lenders to find the right deal for you. Our advice will be specifically tailored to your needs and circumstances which could be for your first home, moving home, investing in property or remortgaging. Contact us to arrange a free consultation with one of our experienced advisors. There may be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.

Referral Fees - Tiffen & Co work with preferred conveyancers for a house sale or purchase. Our conveyancers are competitively priced and you are under no obligation to use their services. Should you choose to use them Tiffen & Co will receive a referral fee of £120 on completion of a sale or purchase.

Agent Details

Tiffen & Co, Carlisle

01228 936426

Next Steps?

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