2 Bed Flat, Single Let, Carlisle, CA3 9PW, £63,000

Balmoral Court, Carlisle, CA3 9PW - 8 months ago

Sold STC

Leasehold

BTL

ROI: 10%

~61 m²

+10 photos

ValuationUndervalued

Sold Prices	£48K - £165K
Sold Prices/m²	£780/m² - £2.2K/m²

Square Metres	~61 m²
Price/m²	£1K/m²
Value Estimate	£78,120£78,120
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,750£15,750
Stamp Duty & Legal Fees	£4,350£4,350
Total Cash In	£20,100£20,100

Cash Out
Rent Range	£450 - £950£450 - £950
Rent Estimate	£473
Running Costs/mo	£311£311
Cashflow/mo	£162£162
Cashflow/yr	£1,938£1,938
ROI	10%10%
Gross Yield	9%9%

Local Sold Prices

25 sold prices from £48K to £165K, average is £77.5K. £780/m² to £2.2K/m², average is £1.6K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£76K	01/23	0.05 mi	19, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,693	45	2	Flat
£77.5K	05/22	0.06 mi	23, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,639	47	2	Flat
£75K	06/22	0.06 mi	17, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,389	54	2	Flat
£77.5K	05/22	0.06 mi	13, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,615	48	2	Flat
£58K	09/22	0.07 mi	14, Balmoral Court, Carlisle, Cumbria CA3 9PW	£853	68	2	Flat
£70K	05/23	0.43 mi	13, Bowscale Close, Carlisle, Cumberland CA3 9LJ	-	-	2	Flat
£80K	10/22	0.43 mi	49, Bowscale Close, Carlisle, Cumbria CA3 9LJ	-	-	2	Flat
£80K	05/22	0.44 mi	58, Bowscale Close, Carlisle, Cumbria CA3 9LJ	-	-	2	Flat
£110K	05/22	0.52 mi	Flat 9, Edentown Court, Eden Street, Carlisle, Cumbria CA3 9LQ	-	-	2	Flat
£120K	01/21	0.52 mi	Flat 8, Edentown Court, Eden Street, Carlisle, Cumbria CA3 9LQ	-	-	2	Flat
£48K	10/21	0.52 mi	43, Caldew Close, Carlisle, Cumbria CA3 9JL	-	-	2	Flat
£52.5K	02/23	0.52 mi	43, Caldew Close, Carlisle, Cumbria CA3 9JL	-	-	2	Flat
£48.5K	02/21	0.52 mi	31, Caldew Close, Carlisle, Cumbria CA3 9JL	£819	59	2	Flat
£148.5K	01/23	0.79 mi	1, Reiver Court, Carlisle, Cumbria CA3 0AE	£1,833	81	2	Flat
£135K	03/21	0.79 mi	1, Reiver Court, Carlisle, Cumbria CA3 0AE	£1,667	81	2	Flat
£165K	07/23	0.79 mi	5, Reiver Court, Carlisle, Cumberland CA3 0AE	£2,171	76	2	Flat
£155K	12/21	0.81 mi	11, Reiver Place, Carlisle, Cumbria CA3 0AQ	-	-	2	Flat
£155K	01/23	0.83 mi	15, Reiver Place, Carlisle, Cumbria CA3 0AQ	-	-	2	Flat
£73K	11/22	0.86 mi	Flat 5, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ	-	-	2	Flat
£64K	10/21	0.88 mi	Flat 8, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ	-	-	2	Flat
£105K	11/21	0.94 mi	133, Lansdowne Crescent, Carlisle, Cumbria CA3 9ER	£1,909	55	2	Flat
£74K	11/22	0.94 mi	129, Lansdowne Crescent, Carlisle, Cumberland CA3 9ER	-	-	2	Flat
£78.4K	04/21	0.95 mi	3, Howard Court, Carlisle, Cumbria CA2 7AP	-	-	2	Flat
£48K	10/21	1 mi	32, Firlands, Stanwix, Carlisle, Cumbria CA3 9FB	£780	62	2	Flat
£58.5K	03/21	1 mi	26, Firlands, Stanwix, Carlisle, Cumbria CA3 9FB	£1,009	58	2	Flat

Local Rents

52 rents from £450/mo to £950/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£450	03/24	0.01 mi	Balmoral Court, Carlisle, Cumbria, CA3	2	Flat
£575	03/24	0.07 mi	Belfry Close, Carlisle, CA3	2	Terraced House
£625	03/24	0.08 mi	St. Pierre Avenue, Etterby, Carlisle	2	Semi-Detached House
£625	03/24	0.14 mi	Fulford walk, Carlisle, CA3	2	Terraced House
£625	04/24	0.14 mi	Fulford walk, Carlisle, CA3	2	Terraced House
£625	04/24	0.14 mi	Fulford walk, Carlisle, CA3	2	Terraced House
£625	03/24	0.36 mi	Greenwood Court, Carlisle, CA3	2	Detached House
£725	05/24	0.52 mi	Edentown Court, Eden Street, Stanwix	2	Flat
£750	04/24	0.62 mi	-	2	Flat
£750	10/24	0.62 mi	-	2	Flat
£725	03/24	0.67 mi	Walden Grove, Carlisle, Cumbria, CA3	2	Flat
£695	03/24	0.81 mi	Turnstone Drive, Carlisle, CA2	2	Flat
£550	03/24	0.83 mi	Lawson Street, Carlisle	2	Terraced House
£525	03/24	0.84 mi	Wilson Street, Carlisle	2	Flat
£550	12/24	0.84 mi	Carlisle, Cumbria, CA2	2	Terraced House
£575	03/24	0.85 mi	Clift Street, Carlisle	2	Terraced House
£675	05/24	0.87 mi	-	2	Flat
£695	01/25	0.87 mi	-	2	Flat
£695	02/25	0.87 mi	-	2	Flat
£675	04/24	0.87 mi	Bridge Lane, Carlisle, CA2	2	Flat
£600	03/24	0.89 mi	Canal Court, Infirmary Street, CA2	2	Flat
£550	04/24	0.89 mi	Canal Court, Off Newtown Road, Carlisle	2	Flat
£695	09/24	0.9 mi	-	2	Terraced House
£625	05/24	0.91 mi	Willowbank, CA2 5RY	2	Flat
£750	05/24	0.91 mi	-	2	Terraced House
£799	01/25	0.93 mi	-	2	Flat
£495	03/23	0.93 mi	-	2	Flat
£750	03/24	0.93 mi	Collin Place, Off Newtown Road, Carlisle	2	Flat
£650	03/24	0.95 mi	Port Road, Carlisle, CA2	2	Terraced House
£650	03/24	0.95 mi	Port Road, Carlisle, CA2	2	Terraced House
£850	11/24	0.97 mi	-	2	Terraced House
£625	05/24	0.99 mi	Peel Street, Carlisle	2	Terraced House
£595	05/24	0.99 mi	Peel Street, Carlisle	2	Terraced House
£695	02/24	1.01 mi	-	2	Flat
£675	07/23	1.02 mi	-	2	Terraced House
£595	05/24	1.02 mi	Granville Road, Carlisle, CA2	2	Flat
£750	07/24	1.03 mi	-	2	Terraced House
£550	05/24	1.04 mi	Brookside, Carlisle	2	Terraced House
£450	04/24	1.06 mi	Hawick Street, Carlisle, CA2	2	Terraced House
£600	05/24	1.08 mi	Morton Street, Carlisle, CA2	2	Terraced House
£695	01/24	1.08 mi	-	2	Flat
£725	01/25	1.08 mi	-	2	Terraced House
£725	03/24	1.09 mi	Berkeley Grange, Carlisle	2	Detached House
£725	03/24	1.09 mi	Berkeley Grange, Carlisle	2	Detached House
£695	11/24	1.09 mi	-	2	Terraced House
£600	03/24	1.1 mi	Castle Street, Carlisle	2	Flat
£750	04/24	1.1 mi	Milbourne Court, Milbourne Street, Carlisle	2	Flat
£575	03/24	1.13 mi	Kendal Street, Carlisle	2	Terraced House
£565	12/24	1.15 mi	Newcastle Street, Carlisle, Cumbria, CA2	2	Terraced House
£575	04/24	1.15 mi	Scotch Street, Carlisle	2	Flat
£795	05/24	1.17 mi	Greymoor Way, Carlisle, CA3	2	Semi-Detached House
£950	02/25	1.17 mi	-	2	Detached House

Local Area Statistics

Population in CA3	14,06414,064
Population in Carlisle	103,015103,015
Town centre distance	0.75 miles away0.75 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.47 miles away1.47 miles away

Rental growth (12m)	-5%-5%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+19%+19%

Property History

Price changed to £63,000

September 25, 2024

Listed for £65,000

August 1, 2024

Floor Plans

Description

Ground floor flat +
Two bedrooms +
Easily maintained accommodation +
North of the River Eden +
No onward chain +
Communal gardens and parking +

A low maintenance, two bedroom, ground floor flat situated to the north of the River Eden with good access for junction 44 of the M6 motorway and the western bypass. The property is double glazed and electric heated and briefly comprises entrance hall, good size lounge, kitchen with appliances, two double bedrooms and shower room. Externally there is plenty of parking and use of the communal gardens. The property is situated next to the Kingmoor Nature Reserve with pleasant walks on your doorstep and local amenities including shops, schools and bus stop just a five minute walk away. The accommodation with approximate measurements briefly comprises: Front door into entrance hall.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪

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ValuationUndervalued

CashflowsOpen in Analyser

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Local RentsDownload Show map

Links

Local Area Statistics

Property History

Floor Plans

Description

Agent Details

Next Steps?

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Local Sold Prices

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