2 Bed Flat, Single Let, Carlisle, CA1 3HU, £75,000

Longholme Road, Carlisle, CA1 3HU - 3 views - 6 months ago

BTL
ROI: 12%
~68 m²
+8 photos

ValuationUndervalued

Sold Prices£50K - £200K
Sold Prices/m²£877/m² - £1.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£89,468
BMV19%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£3,450

Total Cash In

£22,200

 

 

Cash Out

 

Rent Range

£575 - £950

Rent Estimate

£596

Running Costs/mo

£374

Cashflow/mo

£222

Cashflow/yr

£2,669

ROI

12%

Gross Yield

10%

Local Sold Prices

32 sold prices from £50K to £200K, average is £87.3K. £877/m² to £1.9K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£57K03/210.02 mi120, Longholme Road, Carlisle, Cumbria CA1 3HU2
£75.5K05/230.02 mi108, Longholme Road, Carlisle, Cumberland CA1 3HU2
£60K06/210.04 mi35, Longholme Road, Carlisle, Cumbria CA1 3HN2
£80K09/210.04 mi23, Longholme Road, Carlisle, Cumbria CA1 3HN2
£100K06/230.17 mi86, Watermans Walk, Carlisle, Cumberland CA1 3TU2
£77.5K10/210.17 mi78, Watermans Walk, Carlisle, Cumbria CA1 3TU2
£80K01/210.17 mi100, Watermans Walk, Carlisle, Cumbria CA1 3TU2
£88.2K04/210.17 mi142, Watermans Walk, Carlisle, Cumbria CA1 3TU2
£112.5K08/230.17 mi110, Watermans Walk, Carlisle, Cumberland CA1 3TU2
£92K07/220.17 mi144, Watermans Walk, Carlisle, Cumbria CA1 3TU2
£80K01/230.28 miFlat 2, Hedley Court, Cumwhinton Road, Carlisle, Cumbria CA1 3PA2
£190K10/210.35 mi2, Oval Court, Carlisle, Cumbria CA1 3TT2
£150K11/220.35 mi10, Oval Court, Carlisle, Cumbria CA1 3TT2
£92K08/220.42 mi7, Pennine View Close, Carlisle, Cumbria CA1 3GW2
£74.5K11/220.43 mi57, Dale End Road, Carlisle, Cumbria CA1 3DE2
£86.5K06/210.45 mi8, Pennine View Close, Carlisle, Cumbria CA1 3GW2
£105K10/210.45 mi16, Pennine View Close, Carlisle, Cumbria CA1 3GW2
£88K06/210.45 mi33, Pennine View Close, Carlisle, Cumbria CA1 3GW2
£95K05/220.45 mi45, Pennine View Close, Carlisle, Cumbria CA1 3GW2
£68.5K12/220.46 mi100, Dale End Road, Carlisle, Cumbria CA1 3DE2
£72K08/220.46 mi5, Argyll Drive, Carlisle, Cumbria CA1 3PB2
£128K08/220.54 miFlat 21, Willow Place, Parkland Drive, Carlisle, Cumbria CA1 3GQ2
£175K09/220.54 miFlat 36, Willow Place, Parkland Drive, Carlisle, Cumbria CA1 3GQ2
£200K07/230.54 miFlat 36, Willow Place, Parkland Drive, Carlisle, Cumberland CA1 3GQ2
£50K02/210.61 mi28, Broome Court, Carlisle, Cumbria CA1 2RB2
£82.2K03/230.68 miFlat 2, Hillcrest Nook, High Road, Carlisle, Cumberland CA1 2QU2
£92K12/220.74 mi1b, Chertsey Grove, Carlisle, Cumbria CA1 2QY2
£92K12/220.74 mi1b, Chertsey Grove, Carlisle, Cumberland CA1 2QY2
£85K06/220.76 mi21b, Chertsey Grove, Carlisle, Cumbria CA1 2QY2
£52K06/210.87 mi22, Brisco Meadows, Carlisle, Cumbria CA2 4NY2
£52K02/210.87 mi28, Brisco Meadows, Carlisle, Cumbria CA2 4NY2
£127.5K05/220.9 mi4, Chapel Brow, Carlisle, Cumbria CA1 2PP2

Local Rents

27 rents from £575/mo to £950/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£57503/240.02 miLongholme Road, Carlisle, CA12
£59503/240.02 miLongholme Road, Carlisle2
£60004/240.03 miLongholme Road, Carlisle2
£62501/250.07 mi-2
£67505/240.17 miWatermans Walk, Carleton Grange, Carlisle2
£67505/240.17 miWatermans Walk, Carleton Grange, Carlisle2
£67503/240.17 mi140 Watermans Walk, Carlisle, Cumbria2
£75005/240.17 mi-2
£65005/240.18 miWinton Cresent, Harraby, Carlisle2
£77503/240.42 miCherry Lane, CARLISLE, CA12
£77503/240.42 miCherry Lane, CARLISLE, CA12
£72501/250.43 mi-2
£77503/240.43 mi19, Cherry Lane,CARLISLE, CA1 3GJ2
£89504/250.44 mi-2
£69504/240.45 miPennine View Close, Carlisle, CA12
£89502/250.45 mi-2
£89503/250.45 mi-2
£65004/240.45 miPennine View Close, Carlisle2
£57503/240.45 miLightfoot Drive, Carlisle, Cumbria, CA12
£95003/250.46 mi-2
£95007/240.46 mi-2
£95009/230.46 mi-2
£95002/250.46 mi-2
£95002/250.46 mi-2
£75005/230.49 mi-2
£75004/240.54 miWillow Place, Parkland Village, Carlisle, CA12
£79505/240.61 mi-2

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

2.49 miles away

Nearest school

0.30 miles away

Nearest train station

1.82 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £75,000

October 14, 2024

Sold for £77,000

2008

Floor Plans

Description

  • Buyer Fees Apply +
  • Being Sold By GOTO Reservation Fee Process +
  • NO FORWARD CHAIN +
  • GREAT INVESTMENT OPPORTUNITY +
  • Two Bedrooms +
  • Ground Floor Flat +
  • Allocated Parking For One Car +
  • Garden To The Front +
  • Fitted Kitchen, One Living Room +
  • Good Transport Links To M6 Motorway +

The Property
Perfect First Time Buy
20 Longholme Road is a good size two bedroom ground floor flat. Competitively priced and featuring a garden to the front, this flat will appeal to a range of buyers.
The accommodation benefits from double glazed windows throughout and offers well laid out accommodation with a hallway, living room with floor to ceiling window to the front, a kitchen, two bedrooms and a bathroom and lots of storage. An added bonus is a recently installed Gas Combi boiler. Outside there's a good size garden to the front which benefits from a south westerly aspect.
This property is perfect for those looking to move into one of Carlisle's popular areas. The property occupies an excellent position with a good frontal aspect. There's a bus stop a short walk from the door as well as a doctors surgery and there are endless walking opportunities in all directions. There is an excellent range of shops close by and access to both the City Centre and J42 of the M6 is quick and easy. There are expanses of green space close by for children too and the flat is situated in a quiet cul-de-sac with allocated parking for one vehicle.

Material information:
The information above has been provided by the vendor, agent and GOTO Group and may not be accurate. Please refer to the property’s Legal Pack. (You can download this once you have registered your interest against the property). This pack provides material information which will help you make an informed decision before proceeding. It may not yet include everything you need to know so please make sure you do your own due diligence as well.

Property Description
This property is offered for sale using the Reservation fee process. Reservation fee is a new, innovative and pioneering process for buying and selling property. It significantly reduces the risk of gazumping or double-selling by offering security to both parties by gaining a commitment from both parties to buy and sell. When an offer is accepted, the buyer will be required to make payment of a non-refundable Reservation Fee of £1,500.00 including VAT (in addition to the final negotiated selling price). This will secure the transaction and the property will be taken off the market. The purchaser will not be exchanging contracts but will be given 90 working days in which to complete the transaction, from the date the Draft Contract is received by the buyer’s solicitor (or 10 working days after receipt of the Reservation Fee, whichever is earlier).

The buyer will also be required to pay a legal pack fee of £372 including VAT and to sign the Reservation Form and agree the Terms and Conditions prior to solicitors being instructed. If you require a copy of these documents, or for further information, please contact the Reservation Fee team at GOTO Group.

Buyer Fees
• The Reservation fee and legal pack fee are in addition to the final negotiated selling price.
• Stamp Duty Land Tax (SDLT) is applicable if you buy a property or land over a certain price in England, Wales or Northern Ireland.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.

Agent Details

Purplebricks, covering Cumbria

020 3910 6059

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪