2 Bed Flat, Single Let, Carlisle, CA2 6LX, £49,950

Irton Place, Carlisle, Cumbria, CA2 6LX - 1 views - 5 months ago

Sold STC

Leasehold

BTL

ROI: 22%

~68 m²

+2 photos

ValuationUndervalued

Sold Prices	£45.5K - £146.5K
Sold Prices/m²	£754/m² - £2.1K/m²

Square Metres	~68.11 m²
Price/m²	£733/m²
Value Estimate	£59,940£59,940
BMV	20%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£12,488£12,488
Stamp Duty & Legal Fees	£3,698£3,698
Total Cash In	£16,185£16,185

Cash Out
Rent Range	£531 - £700£531 - £700
Rent Estimate	£596
Running Costs/mo	£295£295
Cashflow/mo	£301£301
Cashflow/yr	£3,608£3,608
ROI	22%22%
Gross Yield	14%14%

Local Sold Prices

36 sold prices from £45.5K to £146.5K, average is £66.3K. £754/m² to £2.1K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	08/21	0.1 mi	27, Bannisdale Way, Carlisle, Cumbria CA2 6LR	£1,167	60	2	Flat
£63.5K	01/23	0.1 mi	11, Bannisdale Way, Carlisle, Cumbria CA2 6LR	-	-	2	Flat
£60K	02/23	0.14 mi	18, Deepdale Drive, Carlisle, Cumbria CA2 6LS	£1,075	56	2	Flat
£53.5K	02/21	0.24 mi	14, Ellesmere Way, Carlisle, Cumbria CA2 6LZ	£1,049	51	2	Flat
£75K	04/23	0.69 mi	84, Hebden Avenue, Carlisle, Cumberland CA2 6TT	£1,389	54	2	Flat
£68K	05/21	0.69 mi	86, Hebden Avenue, Carlisle, Cumbria CA2 6TT	£971	70	2	Flat
£64K	07/23	0.71 mi	51, Hebden Avenue, Carlisle, Cumberland CA2 6TW	-	-	2	Flat
£63.5K	11/20	0.71 mi	4, Prescott Court, Carlisle, Cumbria CA2 6EN	£1,984	32	2	Flat
£80K	10/21	0.8 mi	32, Whinnie House Road, Carlisle, Cumbria CA2 6TG	£1,194	67	2	Flat
£46K	11/20	0.88 mi	42, Reeth Road, Carlisle, Cumbria CA2 6SX	£754	61	2	Flat
£65K	03/23	0.88 mi	10, Reeth Road, Carlisle, Cumberland CA2 6SX	-	-	2	Flat
£60K	02/23	0.88 mi	36, Reeth Road, Carlisle, Cumbria CA2 6SX	£1,014	59	2	Flat
£45.5K	05/21	0.9 mi	23, Fairfield Gardens, Carlisle, Cumbria CA2 7EW	-	-	2	Flat
£67.5K	10/21	0.9 mi	20, Fairfield Gardens, Carlisle, Cumbria CA2 7EW	£1,227	55	2	Flat
£133K	10/20	0.94 mi	Flat 31, Higginson Mill, Denton Mill Close, Carlisle, Cumbria CA2 5NZ	-	-	2	Flat
£145.5K	12/22	0.95 mi	Flat 31, Waterside House, Denton Mill Close, Carlisle, Cumbria CA2 5HF	-	-	2	Flat
£73K	06/21	0.95 mi	13, Yew Tree Court, Carlisle, Cumbria CA2 5QA	£2,086	35	2	Flat
£86.5K	07/23	0.95 mi	Flat 3, Johnson Mill, Denton Mill Lane, Carlisle, Cumberland CA2 5NQ	£1,730	50	2	Flat
£112.5K	08/22	0.99 mi	Flat 21, River View, Denton Mill Close, Carlisle, Cumbria CA2 5NF	-	-	2	Flat
£56.5K	03/23	1.11 mi	12, Maryport Court, Carlisle, Cumberland CA2 5LY	£1,105	51	2	Flat
£78.4K	04/21	1.21 mi	3, Howard Court, Carlisle, Cumbria CA2 7AP	-	-	2	Flat
£55K	09/21	1.25 mi	18, Lewis Court, Carlisle, Cumbria CA2 5ET	£979	56	2	Flat
£115K	12/21	1.3 mi	Apartment 4 The Engine House, Shaddon Mill, Shaddongate, Carlisle, Cumbria CA2 5WF	-	-	2	Flat
£146.5K	12/22	1.31 mi	Apartment 5 East Block, Shaddon Mill, Shaddongate, Carlisle, Cumbria CA2 5WD	-	-	2	Flat
£65K	10/20	1.52 mi	1, Goodwin Close, Carlisle, Cumbria CA2 4AH	£1,297	50	2	Flat
£64K	10/21	1.54 mi	Flat 8, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ	-	-	2	Flat
£73K	11/22	1.55 mi	Flat 5, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ	-	-	2	Flat
£69K	06/23	1.58 mi	59, York Gardens, Carlisle, Cumberland CA2 4HP	£1,169	59	2	Flat
£67.5K	08/21	1.67 mi	28, Almery Drive, Carlisle, Cumbria CA2 4EX	-	-	2	Flat
£53K	12/22	1.68 mi	15, Stockwell Road, Blackwell, Carlisle, Cumbria CA2 4SY	-	-	2	Flat
£70K	03/21	1.83 mi	30c, Edward Street, Carlisle, Cumbria CA1 2JE	£1,250	56	2	Flat
£55K	12/21	1.83 mi	30a, Edward Street, Carlisle, Cumbria CA1 2JE	£1,100	50	2	Flat
£58K	12/20	1.9 mi	50, Sunnymeade, Carlisle, Cumbria CA2 4NS	£1,086	53	2	Flat
£142K	04/21	1.92 mi	Ground Floor And Basement Flat, 51, Chiswick Street, Carlisle, Cumbria CA1 1HJ	-	-	2	Flat
£52K	06/21	1.94 mi	22, Brisco Meadows, Carlisle, Cumbria CA2 4NY	£945	55	2	Flat
£52K	02/21	1.94 mi	28, Brisco Meadows, Carlisle, Cumbria CA2 4NY	£963	54	2	Flat

Local Rents

12 rents from £531/mo to £700/mo, average is £630/mo.

Rent	Date	Distance	Address	Beds	Type
£595	03/24	0.03 mi	Nicholas Terrace, Carlisle, CA2	2	Terraced House
£650	03/24	0.03 mi	Newlaithes Avenue, Carlisle	2	Terraced House
£650	03/24	0.03 mi	Newlaithes Avenue, Carlisle	2	Terraced House
£531	04/24	0.1 mi	Ellesmere Way, Carlisle, CA26NA	2	Flat
£600	04/24	0.3 mi	Winscale Way, Carlisle	2	Detached House
£600	05/24	0.3 mi	Winscale Way, Carlisle	2	Detached House
£600	04/24	0.3 mi	Winscale Way, Carlisle	2	Detached House
£625	10/23	0.31 mi	-	2	Semi-Detached House
£650	05/24	0.51 mi	-	2	Terraced House
£650	06/24	0.51 mi	-	2	Terraced House
£635	02/24	0.53 mi	-	2	Terraced House
£700	03/24	0.6 mi	Wansfell Avenue, Carlisle, CA2	2	Detached House

Local Area Statistics

Population in CA2	39,64639,646
Population in Carlisle	103,015103,015
Town centre distance	1.88 miles away1.88 miles away
Nearest school	0.40 miles away0.40 miles away
Nearest train station	1.57 miles away1.57 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £49,950

October 23, 2024

Description

A Two bedroom first floor flat +
West of the city centre, popular residential location +
Close to amenities and excellent transport links +
Requires updating and refurbishment +
Offered for sale with no onward chain +

A Two bedroom first floor flat to the West of the city centre, close to local amenities and with easy transport links. The property requires some updating and is offered for sale with no onward chain.

Located in the popular residential area of Morton and briefly comprising:- communal hallway with stairs to the first floor entrance door, entrance hallway with 2 bedrooms and a bathroom. At the end of the hallway is good sized living room with gas fire, storage cupboards and a door off to the fitted kitchen. The kitchen has fitted wall and base units, plumbing for a washing machine and a free standing cooker.

There is a bin storage cupboard on the landing outside the front door and communal drying area to the rear.

UPVC double glazing fitted throughout.

Mains services include gas, electricity, water and drainage.

Agent Details

BPK Estate Agents, Carlisle

01228 582064

Next Steps?

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

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2 Bed Flat, Single Let, Carlisle, CA2 6LX, £49,950

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

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Local Area Statistics

Property History

Description

Agent Details

Next Steps?

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Cashflows

Local Sold Prices

Local Rents