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