2 Bed Semi-Detached House, Single Let, Carlisle, CA1 1SQ, £97,000

36 Rydal Street, Carlisle, Cumbria, CA1 1SQ - 3 views - 6 months ago

Sold STC

BTL

ROI: 3%

58 m²

+9 photos

ValuationOvervalued

Sold Prices	£48.5K - £175K
Sold Prices/m²	£735/m² - £1.9K/m²

Square Metres	58 m²
Price/m²	£1.7K/m²
Value Estimate	£65,436£65,436

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£24,250£24,250
Stamp Duty & Legal Fees	£4,110£4,110
Total Cash In	£28,360£28,360

Cash Out
Rent Range	£500 - £995£500 - £995
Rent Estimate	£505
Running Costs/mo	£424£424
Cashflow/mo	£81£81
Cashflow/yr	£971£971
ROI	3%3%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £48.5K to £175K, average is £87.3K. £735/m² to £1.9K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£110K	07/23	0 mi	40, Rydal Street, Carlisle, Cumberland CA1 1SQ	£1,864	59	2	Terraced House
£100K	07/23	0.02 mi	15, South Street, Carlisle, Cumberland CA1 2EW	£1,388	72	2	Terraced House
£95K	11/22	0.04 mi	17, South Street, Carlisle, Cumbria CA1 2EW	£1,357	70	2	Terraced House
£95K	03/21	0.08 mi	60, Cecil Street, Carlisle, Cumbria CA1 1NX	£826	115	2	Terraced House
£72.5K	02/21	0.09 mi	24, Tait Street, Carlisle, Cumbria CA1 1RX	£967	75	2	Terraced House
£68K	02/23	0.1 mi	14, Tait Street, Carlisle, Cumbria CA1 1RX	-	-	2	Terraced House
£88.5K	10/20	0.11 mi	20, Edward Street, Carlisle, Cumbria CA1 2JE	£973	91	2	Terraced House
£97.5K	04/23	0.12 mi	8, Close Street, Carlisle, Cumberland CA1 2HB	£1,332	73	2	Terraced House
£71K	03/21	0.12 mi	38, Close Street, Carlisle, Cumbria CA1 2HB	£1,044	68	2	Terraced House
£111K	08/23	0.13 mi	13, Bowman Street, Carlisle, Cumberland CA1 2HD	£1,247	89	2	Terraced House
£81.5K	05/23	0.14 mi	10, Fusehill Street, Carlisle, Cumberland CA1 2ES	£970	84	2	Terraced House
£61K	11/20	0.14 mi	7, Fusehill Street, Carlisle, Cumbria CA1 2ES	£1,173	52	2	Terraced House
£88K	03/23	0.18 mi	37, Flower Street, Carlisle, Cumberland CA1 2JN	£1,128	78	2	Terraced House
£75K	02/23	0.18 mi	49, Flower Street, Carlisle, Cumbria CA1 2JN	-	-	2	Terraced House
£100K	03/21	0.19 mi	13, Broad Street, Carlisle, Cumbria CA1 2AG	£985	102	2	Terraced House
£100K	03/21	0.19 mi	31, Broad Street, Carlisle, Cumbria CA1 2AG	-	-	2	Terraced House
£102K	11/20	0.21 mi	53, Bowman Street, Carlisle, Cumbria CA1 2HR	£1,063	96	2	Terraced House
£105K	04/23	0.21 mi	37, Bowman Street, Carlisle, Cumberland CA1 2HR	-	-	2	Terraced House
£85K	12/20	0.21 mi	35, Bowman Street, Carlisle, Cumbria CA1 2HR	£955	89	2	Terraced House
£70K	06/23	0.21 mi	8, Orchard Street, Carlisle, Cumberland CA1 2JL	-	-	2	Terraced House
£175K	06/23	0.22 mi	23, Hart Street, Carlisle, Cumberland CA1 2BP	£1,535	114	2	Terraced House
£71K	06/21	0.25 mi	38, Alexander Street, Carlisle, Cumbria CA1 2LH	£986	72	2	Terraced House
£71K	06/21	0.25 mi	38, Alexander Street, Carlisle, Cumbria CA1 2LH	£986	72	2	Terraced House
£74.3K	04/21	0.25 mi	21, Alexander Street, Carlisle, Cumbria CA1 2LH	£884	84	2	Terraced House
£95K	04/23	0.25 mi	31, Alexander Street, Carlisle, Cumberland CA1 2LH	£1,149	83	2	Terraced House
£83K	05/21	0.27 mi	53, Alexander Street, Carlisle, Cumbria CA1 2LJ	£821	101	2	Terraced House
£68K	04/21	0.27 mi	2, David Street, Carlisle, Cumbria CA1 2LR	£1,030	66	2	Semi-Detached House
£85K	03/23	0.28 mi	26, Thomson Street, Carlisle, Cumbria CA1 2LW	-	-	2	Terraced House
£75K	11/21	0.28 mi	14, Thomson Street, Carlisle, Cumbria CA1 2LW	-	-	2	Terraced House
£81.5K	10/21	0.28 mi	59, Thomson Street, Carlisle, Cumbria CA1 2LW	£1,032	79	2	Terraced House
£95K	04/23	0.28 mi	64, Thomson Street, Carlisle, Cumberland CA1 2LW	-	-	2	Terraced House
£48.5K	01/23	0.29 mi	24, Linton Street, Carlisle, Cumbria CA1 2LY	£735	66	2	Terraced House
£75K	08/21	0.3 mi	67, Thomson Street, Carlisle, Cumbria CA1 2LP	-	-	2	Terraced House
£75K	11/20	0.3 mi	72, Thomson Street, Carlisle, Cumbria CA1 2LP	£1,056	71	2	Terraced House
£60K	10/21	0.3 mi	42, Oswald Street, Carlisle, Cumbria CA1 2LU	£952	63	2	Terraced House
£73.1K	11/20	0.31 mi	2, Melrose Terrace, Carlisle, Cumbria CA1 2DP	£1,048	70	2	Terraced House
£72K	07/21	0.32 mi	31, Sybil Street, Carlisle, Cumbria CA1 2DT	£1,219	59	2	Terraced House
£86.5K	09/21	0.32 mi	84, Sybil Street, Carlisle, Cumbria CA1 2DS	£1,254	69	2	Terraced House
£97.8K	05/23	0.32 mi	84, Sybil Street, Carlisle, Cumberland CA1 2DS	£1,417	69	2	Terraced House
£108K	07/23	0.32 mi	42, Sybil Street, Carlisle, Cumberland CA1 2DS	£1,213	89	2	Terraced House
£96K	06/23	0.32 mi	29, Vasey Crescent, Carlisle, Cumberland CA1 2BG	£1,408	68	2	Semi-Detached House
£88.5K	03/23	0.33 mi	50, Lindisfarne Street, Carlisle, Cumbria CA1 2ND	£1,405	63	2	Terraced House
£70K	03/23	0.33 mi	34, Lindisfarne Street, Carlisle, Cumberland CA1 2ND	£1,207	58	2	Terraced House
£120K	11/21	0.35 mi	47, Greystone Road, Carlisle, Cumbria CA1 2DG	£1,134	106	2	Terraced House
£125K	08/23	0.35 mi	101, Greystone Road, Carlisle, Cumberland CA1 2DG	£1,267	99	2	Terraced House
£109.2K	10/21	0.37 mi	16, Margery Street, Carlisle, Cumbria CA1 2BE	-	-	2	Terraced House
£88K	03/23	0.37 mi	34, Margery Street, Carlisle, Cumberland CA1 2BE	-	-	2	Terraced House
£97K	11/20	0.37 mi	22, Melbourne Road, Carlisle, Cumbria CA1 2DW	£1,032	94	2	Terraced House
£110K	12/22	0.37 mi	46, Melbourne Road, Carlisle, Cumbria CA1 2DW	£1,158	95	2	Terraced House
£72K	01/21	0.38 mi	17, Delagoa Street, Carlisle, Cumbria CA1 2LZ	£1,161	62	2	Terraced House

Local Rents

43 rents from £500/mo to £995/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£525	05/24	0.09 mi	84 Charles Street, Carlisle	2	Terraced House
£995	03/25	0.1 mi	-	2	Terraced House
£750	03/24	0.24 mi	Hanson Place, Warwick Square, Carlisle	2	Flat
£650	05/24	0.25 mi	Alexander Street, Carlisle, CA1	2	Terraced House
£590	04/24	0.27 mi	Aglionby Street, Carlisle	2	Flat
£625	03/24	0.28 mi	Thomson Street	2	Terraced House
£520	03/24	0.3 mi	Spencer House, St Pauls Square, Carlisle	2	Flat
£600	04/24	0.3 mi	Greystone Road, Carlisle, CA1	2	Terraced House
£675	09/24	0.31 mi	-	2	Terraced House
£675	10/24	0.31 mi	-	2	Terraced House
£675	10/24	0.31 mi	-	2	Terraced House
£650	05/24	0.31 mi	Spencer House, St Pauls Square, Carlisle	2	Flat
£650	05/24	0.31 mi	Spencer House, St Pauls Square, Carlisle	2	Flat
£795	11/24	0.31 mi	-	2	Terraced House
£625	04/24	0.32 mi	Sybil Street, Carlisle, CA1	2	Terraced House
£650	03/24	0.33 mi	114, Warwick Road, Carlisle	2	Flat
£675	04/24	0.34 mi	Sybil Street, Carlisle, CA1	2	Terraced House
£600	03/24	0.34 mi	Red Gables, Carlisle, CA1	2	Flat
£510	02/24	0.34 mi	-	2	Terraced House
£530	01/25	0.34 mi	-	2	Terraced House
£650	04/24	0.34 mi	Flat 6, Red Gables, CA1	2	Flat
£650	03/24	0.34 mi	Lindisfarne Street, Carlisle, Cumbria, CA1	2	Terraced House
£625	06/24	0.35 mi	-	2	Terraced House
£625	05/24	0.35 mi	Raven Street, Carlisle, CA1	2	Terraced House
£625	05/24	0.35 mi	Raven Street, Carlisle, CA1	2	Terraced House
£600	03/24	0.36 mi	Lindisfarne Court, Carlisle, CA1	2	Terraced House
£595	05/24	0.47 mi	-	2	Terraced House
£675	04/25	0.48 mi	-	2	Terraced House
£500	02/23	0.49 mi	-	2	Terraced House
£525	12/24	0.49 mi	-	2	Terraced House
£550	03/24	0.5 mi	Garfield Street, Carlisle, Cumbria, CA2	2	Terraced House
£650	04/24	0.51 mi	Sheffield Street, Carlisle	2	Flat
£650	04/24	0.51 mi	Sheffield Street, Carlisle	2	Flat
£595	03/24	0.55 mi	Collingwood Street, Carlisle, CA2	2	Terraced House
£595	03/24	0.55 mi	Collingwood Street, Carlisle, CA2	2	Terraced House
£575	04/24	0.56 mi	Scotch Street, Carlisle	2	Flat
£695	04/24	0.58 mi	Thirlmere Street, Carlisle	2	Terraced House
£625	05/24	0.58 mi	Hope Street, Denton Holme, Carlisle	2	Terraced House
£625	12/24	0.58 mi	Hope Street, Denton Holme, Carlisle	2	Terraced House
£675	03/24	0.6 mi	Hasell Street, Carlisle	2	Flat
£650	03/24	0.62 mi	-	2	Terraced House
£650	03/24	0.62 mi	Nelson Street, Carlisle, CA2	2	Terraced House
£600	03/24	0.62 mi	8 East Norfolk Street, CA2	2	Terraced House

Local Area Statistics

Population in CA1	24,51524,515
Population in Carlisle	103,015103,015
Town centre distance	0.97 miles away0.97 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.30 miles away0.30 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £97,000

October 10, 2024

Sold for £95,000

2005

Description

Investment Opportunity +
Tenant in Situ +
Two Bedrooms +
Living Room with Patio Doors +
Allocated Parking Space +
Rear Yard +

**OVERVIEW
**Having been a successful rental investment for the current owner since its construction in 2005 as well as being managed by Northwood for many years. This two bedroom mid terrace is ideally located for would-be tenants due to the close proximity to the city centre as well as the university.
The property is tastefully decorated and comprises of: dining lounge, modern fully equipped fitted kitchen, ground floor WC. To the first floor are two double bedrooms and family bathroom with separate shower. Externally there is a paved yard and off street parking for one vehicle. USEFUL INFORMATION
The property benefits from gas central heating and is double glazed throughout. The property has a long-term tenant in situ and is therefore only available for investment purchase. All legal certificates are up to date in order to let the property making this a smooth transition for your investment portfolio. PLEASE NOTE
1. These particulars have been prepared in good faith as a general guide; they are not exhaustive and include information provided to us by other parties including the seller, not all of which will have been verified by us. They do not form part of any offer or contract and should not be relied upon as statements of fact. 2. We have not carried out a detailed or structural survey, we have not tested any services, appliances or fittings and we have not verified all statutory approvals or consents. Measurements, floorplans, orientation and distances are given as an approximate only and should not be relied on. 3. The photographs are not necessarily comprehensive or current, aspects may have changed since the photographs were taken. No assumption should be made that any contents are included in the sale. 4. Prospective purchasers should satisfy themselves by inspection, searches, enquiries, surveys and professional advice about all relevant aspects of the property EPC rating: C.