6 Bed Terraced House, Single Let, Carlisle, CA6 5UY, £200,000

21 High Street and 1 Swan Street, Longtown, CA6, Carlisle, CA6 5UY - 2 views - 6 months ago

Sold STC
BTL
~186 m²
+24 photos

ValuationUndervalued

Sold Prices£135K - £219K
Sold Prices/m²£1.1K/m² - £1.3K/m²

 

 

Square Metres

~186 m²
Price/m²£1.1K/m²

Value Estimate

£232,960
BMV16%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£50,000

Stamp Duty & Legal Fees

£7,200

Total Cash In

£57,200

 

 

Cash Out

 

Rent Range

£425 - £750

Rent Estimate

£425

Running Costs/mo

£730

Cashflow/mo

£-305

Cashflow/yr

£-3,660

Gross Yield

3%

Local Sold Prices

4 sold prices from £135K to £219K, average is £186.5K. £1.1K/m² to £1.3K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£219K07/210.04 miHighclere House, Ward Street, Longtown, Carlisle, Cumbria CA6 5NP4
£180K10/200.06 mi21, Netherby Street, Longtown, Carlisle, Cumbria CA6 5SA4
£135K01/210.44 mi18, Liddel Road, Longtown, Carlisle, Cumbria CA6 5UP4
£193K08/210.45 miFairways, Carlisle Road, Longtown, Carlisle, Cumbria CA6 5SQ4

Local Rents

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

RentDateDistanceAddressBeds 
£47503/250.06 mi-2
£50003/240.08 miBridge Street, Longtown, CA63
£65003/240.08 miEsk Street, Longtown, Carlisle2
£55003/240.08 miEsk Street, Longtown, Carlisle2
£42503/240.12 miEnglish Street, Longtown, CA61
£75004/240.14 miEnglish Street, Longtown, CA64
£52502/250.15 mi-2
£52502/250.15 mi-2
£42503/240.15 miBurn Street, Longtown, Carlisle, CA65SF2

Local Area Statistics

Population in CA6

8,842

Population in Carlisle

103,015

Town centre distance

7.57 miles away

Nearest school

0.20 miles away

Nearest train station

3.74 miles away

 

 

Rental growth (12m)

+36%

Sales demand

Balanced market

Capital growth (5yrs)

+11%

Property History

Listed for £200,000

October 14, 2024

Floor Plans

Description

  • Investment opportunity +
  • One retail premises and four residential flats +
  • Commuting distance to Carlisle/Glasgow (M6 and M74) +
  • Landlord currently receives annual income of £16,200 per annum +
  • Occupational agreements in existence +
  • Building Preservation Guarantee until November 2027 +
  • No chain +
  • Conservation area +

C&D Rural are proud to offer this unique opportunity to acquire a substantial end-terraced building of traditional stone construction comprising of four residential flats and a retail shop currently let to a hairdressing salon located on the high street. The flats range between one and two bedrooms, are all compliant with current landlord regulations, and let to tenants on assured shorthold tenancies. To the rear of the property is a small yard area and access to the upper floor dwelling flats. The investment currently produces an annual income of £16,200 per annum. The property had a damp proof course and timber treatment done on 30th October 1997 with a 30 year guarantee. A great long term investment for new investors or to add to an existing portfolio. The listing does not include images of 1c Swan Street (second floor flat). Measurement of this property are: 1c Swan Street
Second floor
Entrance hall
Lounge 11’3” x 16’3”
Kitchen 9’5” x 6’5”
Shower room
Bedroom 16’ x 8’1” Location This investment enjoys a rural yet accessible location with the M6 located 10 miles away excellent railway links found in Carlisle and Carlisle Airport only 15 miles away. Located in Longtown and only 12 miles from Carlisle, this investment opportunity is well served by an excellent range of local amenities and services including a primary school in Longtown and secondary school in Brampton. Cumbria is one of the genuinely rural areas of England and therefore provides a quality of life that is becoming increasingly rare. The Lake District is less than an hours drive from Longtown with other attractions such as Hadrian's Wall and the Solway Firth nearby also. Tenure and Possession: The Freehold title is offered for sale. Matters of Title: The property is sold subject to all existing easements, burdens, reservations and wayleaves, including rights of access and rights of way whether contained in the Title Deeds or informally constituted and whether referred to in the General Remarks and Stipulations or not. The Purchaser(s) will be held to have satisfied themselves as to the nature of such matters. Fixtures and Fittings: All standard fixtures and fittings are to be included in the sale. Services: The property is connected to mains services. It is understood each component of the property is individually metered. The property benefits from electric heating. Planning: The property is situated within a conservation area and therefore there may be restrictions on alternative uses for the property. Broadband: Cable Viewings: Strictly by appointment through the sole selling agents, C&D Rural. Tel Offers: Offers should be submitted to the selling agents. The owner reserves the right to sell without imposing a closing date and will not be bound to accept the highest, or indeed any, offer. All genuinely interested parties are advised to note their interest with the selling agents. Money Laundering Obligations: In accordance with the Money Laundering Regulations 2017 the selling agents are required to verify the identity of the purchaser at the time an offer is accepted. Local Authority: Cumberland Council, Civic Centre, Rickergate, Carlisle CA3 8QG. Tel: . Website and Social Media: Further details of this property as well as all others offered by C&D Rural are available to view on our website updates and the latest properties like us on facebook.com/cdrural and Instagram on @cdrural. Referrals: C&D Rural work with preferred providers for the delivery of certain services necessary for a house sale or purchase. Our providers price their products competitively, however you are under no obligation to use their services and may wish to compare them against other providers. Should you choose to utilise them C&D Rural will receive a referral fee: PIA Financial Solutions – arrangement of mortgage & other products/insurances; C&D Rural will receive a referral fee of £50 per mortgage referral. Figures quoted are inclusive of VAT

EPC Rating: D

Agent Details

C & D Rural, Carlisle

01228 276986

Next Steps?

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