2 Bed Bungalow, Planning Permission, Carlisle, CA6 5TH, £200,000

Old Road, Longtown, Carlisle, CA6 5TH - 1 views - 8 months ago

Sold STC
Planning
~68 m²
+8 photos

ValuationOvervalued

Sold Prices£68K - £220K
Sold Prices/m²£673/m² - £2.7K/m²

 

 

Square Metres

~68.11 m²
Price/m²£2.9K/m²

Value Estimate

£103,302

 

 

End Value (After Refurb)

£187,498

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£26,746

Bridging Loan Interest

£5,250

Total Cash In

£90,946

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£187,498

Mortgage (After Refinance)

£140,623

Mortgage LTV

75%

Cash Left In

£90,946

Equity

£46,874

Rent Range

£425 - £750

Rent Estimate

£550

Running Costs/mo

£716

Cashflow/mo

£-166

Cashflow/yr

£-1,991

Gross Yield

3%

Local Sold Prices

23 sold prices from £68K to £220K, average is £111K. £673/m² to £2.7K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£83K02/210.11 mi25, Mill Street, Longtown, Carlisle, Cumbria CA6 5TF2
£111K12/220.11 mi17, Mill Street, Longtown, Carlisle, Cumberland CA6 5TF2
£162K02/230.11 mi1, St Michaels Drive, Longtown, Carlisle, Cumberland CA6 5FA2
£105K05/210.13 mi52, Raefield, Longtown, Carlisle, Cumbria CA6 5TQ2
£138K09/210.16 mi3, Ladyseat Gardens, Longtown, Carlisle, Cumbria CA6 5XF2
£160K11/210.19 mi12, Mary Street, Longtown, Carlisle, Cumbria CA6 5UF2
£91K10/200.2 mi61, Albert Street, Longtown, Carlisle, Cumbria CA6 5SF2
£75K08/230.2 mi2a, Albert Street, Longtown, Carlisle, Cumberland CA6 5SF2
£105K02/210.2 mi1, Albert Street, Longtown, Carlisle, Cumbria CA6 5SF2
£72.1K03/210.2 mi55, Albert Street, Longtown, Carlisle, Cumbria CA6 5SF2
£84K04/210.2 mi1a, Albert Street, Longtown, Carlisle, Cumbria CA6 5SF2
£95K07/230.2 mi1a, Albert Street, Longtown, Carlisle, Cumberland CA6 5SF2
£131K10/210.23 mi43, Swan Street, Longtown, Carlisle, Cumbria CA6 5UZ2
£180K11/220.23 mi43, Swan Street, Longtown, Carlisle, Cumbria CA6 5UZ2
£145K09/210.29 mi9, Oak Avenue, Longtown, Carlisle, Cumbria CA6 5WF2
£150K10/220.29 mi8, Oak Avenue, Longtown, Carlisle, Cumbria CA6 5WF2
£68K03/220.29 mi18, Swan Street, Longtown, Carlisle, Cumbria CA6 5UY2
£125K06/210.29 mi7, Arthuret Drive, Longtown, Carlisle, Cumbria CA6 5SG2
£128K12/200.29 mi16, Arthuret Drive, Longtown, Carlisle, Cumbria CA6 5SG2
£130K12/220.35 mi47, Esk Street, Longtown, Carlisle, Cumberland CA6 5PU2
£98K12/200.38 mi5, Bridge Street, Longtown, Carlisle, Cumbria CA6 5UB2
£220K06/220.4 mi7, Powdrake Crescent, Longtown, Carlisle, Cumbria CA6 5XD2
£75K12/220.4 mi16, Esk Bank, Longtown, Carlisle, Cumbria CA6 5PT2

Local Rents

9 rents from £425/mo to £750/mo, average is £525/mo.

RentDateDistanceAddressBeds 
£42503/240.19 miBurn Street, Longtown, Carlisle, CA65SF2
£52502/250.22 mi-2
£52502/250.22 mi-2
£75004/240.27 miEnglish Street, Longtown, CA64
£42503/240.28 miEnglish Street, Longtown, CA61
£47503/250.34 mi-2
£65003/240.35 miEsk Street, Longtown, Carlisle2
£55003/240.35 miEsk Street, Longtown, Carlisle2
£50003/240.37 miBridge Street, Longtown, CA63

Local Area Statistics

Population in CA6

8,842

Population in Carlisle

103,015

Town centre distance

7.44 miles away

Nearest school

0.20 miles away

Nearest train station

4.01 miles away

 

 

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £200,000

August 4, 2024

Floor Plans

Description

A Blank Canvas Detached Bungalow On A Quiet Street, Ready For You To Make It Your Own. It’s immaculate, inside and out but it could benefit from a modern makeover. There’s no rush - you could take your time and tackle it room by room. Property ref: KD0516 Some bungalows are perfect for open minded families who can see the benefits of single storey living. Others appeal to developers who want to knock down walls, add extensions and go up into the loft. But this manageable bungalow is more likely to appeal to a traditional older buyer - it’s got two double bedrooms and a spacious lounge but won’t take you all day to keep it clean or maintain the gardens. In addition to the spacious lounge which looks out onto the neat front lawn there’s a kitchen diner with plenty of space for a dining table where you can sit and eat, taking in the views of the back garden. The kitchen and shower room are clean and tidy but both will benefit from a modern upgrade - and there’s space in both rooms to create something special. There’s a built-in single garage in front of the drive, which does give you options if you wanted to convert it into another usable room (subject to planning permission/building control approval, of course). The back garden has a paved seating area and a lawn. The back garden backs onto the green so it will be perfect for dog walkers. That said, it only takes 2 minutes and you’re out into open fields, so it’s the ideal base if you love exploring the great outdoors. Turn right instead of left and it takes less than 10 minutes to walk to the town centre, or 2 minutes in the car. The location is handy if you need to head off on the M6/A74(M) as Junction 45 at Gretna is less than 10 minutes drive away. It takes around 20 minutes to drive to the centre of Carlisle or you could leave the car at home and catch the bus - the journey will only take half an hour. If you’re looking for a bungalow on a large plot where you can extend this probably isn’t the right single storey home for you. But if you only need two bedrooms and are happy to freshen it up inside, this could be the ideal manageable bungalow project. Bungalows are always popular so I know this will get plenty of interest - call me, property ref: KD0516, to arrange a viewing.

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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