3 Bed Terraced House, Refurb/BRRR, Carlisle, CA1 1RU, £129,950

Tait Street, Carlisle, CA1 1RU - 7 views - 7 months ago

Sold STC
Refurb/BRRR
ROI: 5%
~93 m²
+15 photos

ValuationOvervalued

Sold Prices£62K - £198K
Sold Prices/m²£544/m² - £1.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£111,587

 

 

End Value (After Refurb)

£110,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,488

Stamp Duty & Legal Fees

£5,099

Refurb Costs

£36,600

Bridging Loan Interest

£3,411

Total Cash In

£79,347

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£110,000

Mortgage (After Refinance)

£82,500

Mortgage LTV

75%

Cash Left In

£79,347

Equity

£27,500

Rent Range

£525 - £4,080

Rent Estimate

£850

Running Costs/mo

£534

Cashflow/mo

£316

Cashflow/yr

£3,795

ROI

5%

Gross Yield

8%

Local Sold Prices

50 sold prices from £62K to £198K, average is £121K. £544/m² to £1.8K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£117K11/210.02 mi24, Tait Street, Carlisle, Cumbria CA1 1RX3
£122K05/230.02 mi10, Tait Street, Carlisle, Cumberland CA1 1RX3
£95K04/210.17 mi50, South Street, Carlisle, Cumbria CA1 2EP3
£62K11/200.18 mi104, Charles Street, Carlisle, Cumbria CA1 2ET3
£98K06/210.22 mi15, Close Street, Carlisle, Cumbria CA1 2HB3
£68K08/210.22 mi30, Edward Street, Carlisle, Cumbria CA1 2JE3
£95K12/220.23 mi27, St Nicholas Street, Carlisle, Cumbria CA1 2EF3
£134K12/200.24 mi19, Broad Street, Carlisle, Cumbria CA1 2AG3
£92.5K03/210.25 mi18, Grey Street, Carlisle, Cumbria CA1 2JP3
£169.5K11/210.29 mi6, Lismore Street, Carlisle, Cumbria CA1 2AH3
£165K11/200.29 mi12, Lismore Street, Carlisle, Cumbria CA1 2AH3
£82K03/210.33 mi13, Brook Street, Carlisle, Cumbria CA1 2JA3
£82K03/210.33 mi13, Brook Street, Carlisle, Cumbria CA1 2JA3
£100K11/200.33 mi36, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£130K10/200.33 mi37, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£152.5K12/200.33 mi19, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£182K06/230.33 mi28, Petteril Street, Carlisle, Cumberland CA1 2AJ3
£179K01/230.33 mi38, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£198K05/210.34 mi53, Broad Street, Carlisle, Cumbria CA1 2AQ3
£130K03/230.35 mi52, Brook Street, Carlisle, Cumberland CA1 2HY3
£159K02/230.36 mi3, Furze Street, Carlisle, Cumbria CA1 2DL3
£170K11/210.37 mi28, River Street, Carlisle, Cumbria CA1 2AL3
£150K07/210.37 mi12, River Street, Carlisle, Cumbria CA1 2AL3
£69K02/210.38 mi33, Lime Street, Carlisle, Cumbria CA2 5ED3
£89K04/230.39 mi54, Thomson Street, Carlisle, Cumberland CA1 2LW3
£87.3K12/210.39 mi29, Linton Street, Carlisle, Cumbria CA1 2LY3
£87K12/200.4 mi89, Vasey Crescent, Carlisle, Cumbria CA1 2BG3
£91K05/230.41 mi98, Oswald Street, Carlisle, Cumberland CA1 2LU3
£86K11/220.42 mi19, Oswald Street, Carlisle, Cumbria CA1 2LX3
£135K05/210.44 mi34, Eldred Street, Carlisle, Cumbria CA1 2AS3
£165K05/230.44 mi35, Eldred Street, Carlisle, Cumberland CA1 2AS3
£150K12/200.44 mi28, Eldred Street, Carlisle, Cumbria CA1 2AS3
£140K03/210.44 mi44, Eldred Street, Carlisle, Cumbria CA1 2AS3
£85K10/210.44 mi25, Lindisfarne Street, Carlisle, Cumbria CA1 2ND3
£86K11/200.44 mi27, Lindisfarne Street, Carlisle, Cumbria CA1 2ND3
£130K06/230.44 mi37, Greystone Road, Carlisle, Cumberland CA1 2DG3
£120K01/230.44 mi29, Greystone Road, Carlisle, Cumbria CA1 2DG3
£97K09/210.45 mi73, Lindisfarne Street, Carlisle, Cumbria CA1 2NB3
£150K03/230.45 mi7, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY3
£161K11/210.45 mi9, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY3
£128K01/230.46 mi99, Denton Street, Carlisle, Cumbria CA2 5EG3
£139.9K02/230.46 mi29, Margery Street, Carlisle, Cumbria CA1 2BE3
£119K12/210.47 mi2, Grace Street, Carlisle, Cumbria CA1 2AZ3
£120K02/230.47 mi49, Raven Street, Carlisle, Cumbria CA1 2DQ3
£120K09/210.48 mi35, Melbourne Road, Carlisle, Cumbria CA1 2DW3
£130K01/230.48 mi5, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£160K06/210.5 mi11, Jackson Street, Carlisle, Cumbria CA1 2BD3
£85.5K10/210.5 mi21, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£85.5K10/210.5 mi21, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£122.5K02/210.51 mi3, Short Street, Carlisle, Cumbria CA1 2AY3

Local Rents

23 rents from £525/mo to £4.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£75003/240.16 miOrfeur Street, Carlisle3
£75004/240.17 miWarwick Road, Carlisle3
£72503/240.19 miValley Drive, Carleton Grange, Carlisle3
£3,25002/240.21 mi-3
£70004/240.23 mi-3
£65003/240.29 miCarlisle, CA13
£75005/240.33 miBrook Street, Carlisle, CA13
£90005/240.33 miPetteril Street, City Centre, Carlisle, CA13
£90004/240.33 miPetteril Street, City Centre, Carlisle, CA13
£72503/240.39 miThomson Street, Carlisle3
£70003/240.4 miLinton Street, Carlisle, CA13
£75009/240.41 mi-3
£59503/240.41 miOswald Street, City Centre, Carlisle, CA13
£72503/240.45 miLindisfarne Street, Carlisle, CA13
£75003/240.45 miMcilmoyle Way, Denton Holme, Carlisle, CA23
£65003/240.5 miEast Norfolk Street, Carlisle3
£52504/240.52 miEast Norfolk Street, Carlisle, CA23
£72505/240.52 miEast Norfolk Street, Carlisle, CA23
£79505/240.53 miTrafalgar Street, Denton Holme, Carlisle3
£75003/240.57 miBlackwell Road, Carlisle3
£75003/240.58 miClementina Terrace3
£79503/240.58 miBeaconsfield Street, Carlisle, CA23
£4,08002/250.62 mi-3

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

0.87 miles away

Nearest school

0.30 miles away

Nearest train station

0.19 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £129,950

September 13, 2024

Sold for £87,000

2012

Sold for £96,000

2008

Sold for £25,500

1996

Floor Plans

Description

  • Meticulously Renovated And Refurbished Throughout +
  • Easy Walking Distance To The City Centre +
  • Stunning Kitchen With Appliances +
  • Gorgeous Shower Room With Stylish Black Accessories +
  • Double Glazing And Gas Central Heating +
  • Versatile Basement Room +
  • No Onward Chain +
  • QUOTE LI0465 +

Situated on the picturesque and tree-lined Tait Street, this stunning three-bedroom mid-terraced home has been meticulously renovated and refurbished to the highest standards and is sold with the benefit of No Onward Chain. Located within a conservation area, the property offers a harmonious blend of contemporary comfort and classic charm, all within easy walking distance of Carlisle's vibrant city centre - QUOTE LI0465.  With its desirable location, modern amenities, and quality renovations, this home not only offers immediate comfort and style but also represents an excellent long-term investment opportunity. The property is likely to appreciate in value, given its setting within a conservation area and proximity to urban conveniences. Number 5 is well-connected to public transport links, making commuting straightforward. Major roadways are easily accessible, providing efficient travel to surrounding areas and beyond. This property is an ideal match for first-time buyers looking for a turnkey home or growing families seeking more space in a prime location. Its thoughtful design and quality finishes make it a must-see on the market. Equally, number 5, which once was a previous successful rental property is highly attractive to potential tenants, making it a lucrative option for buy-to-let investors. The demand for rental properties in this area of the county remains strong, ensuring a steady rental income. The house itself is gorgeous and you cannot fail to be impressed. The entire property exudes a sense of newness with fresh paint and plush new carpets, welcoming you with a delightful ambience upon arrival. A welcoming vestibule leads into a spacious entrance hall, setting the tone for the elegance found throughout the home. The living room is a spacious area filled with natural light, thanks to a large window that overlooks the tree-lined street at the front. It's a versatile space that can easily accommodate both a cosy family setup and a more formal entertainment area. The neutral decor allows for easy personalisation with your choice of furnishings and accessories. The brand-new fitted kitchen has been designed with both style and functionality in mind. It features high-end integrated appliances, including a built-in oven, space for a large refrigerator, dishwasher, and an electric hob. The sleek countertops and modern cabinetry provide ample storage and workspace, making it perfect for cooking enthusiasts and family meals alike. A contemporary shower room, located just off the kitchen features a range of stylish black accessories, alongside a separate WC, which adds convenience and sophistication to this incredible home. A discreet staircase leads to the basement room that is an incredibly versatile space, with potential uses ranging from a recreational room to a home office or gym. Its separation from the main living areas offers privacy and quiet, making it ideal for focused work or creative projects.  Adjacent to the basement room, the separate storage/utility area provides practical space to keep household items organised, equipped with plumbing for washing appliances if needed. Each of the three bedrooms on the first floor offers ample space and comfort, each tastefully decorated in neutral tones, providing a blank canvas for personal touches. The master bedroom is particularly generous, with room for a double-sized bed and additional furniture. The other two bedrooms are perfect for children, guests, or as a home office. Externally, the front is particularly stylish and welcoming, affording a low maintenance and smart exterior. Enjoy the convenience of resident on-street parking right outside your door. The rear yard is enclosed and designed for low maintenance, making it a perfect spot for outdoor dining or relaxation without the hassle of extensive upkeep. It offers a safe and private space for children or pets to play. The close proximity to Carlisle's city centre from Tait Street means residents can enjoy a range of shops, cafes, and cultural attractions just a short walk away. Additionally, nearby parks and green spaces provide opportunities for outdoor activities and leisurely strolls. Don't miss the opportunity to make this home your own. Council Tax Band - A Tenure - Freehold EPC Rating - D Misrepresentation Act 1967 - These particulars, whilst believed to be accurate, are set out for guidance only and do not constitute any part of an offer or contract - intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. All electrical appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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