3 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 4LH, £139,950

Manor Road, Upperby, Carlisle, CA2 4LH - 7 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+14 photos

ValuationOvervalued

Sold Prices£60K - £220K
Sold Prices/m²£845/m² - £2.8K/m²

 

 

Square Metres

~93 m²
Price/m²£1.5K/m²

Value Estimate

£127,984

 

 

End Value (After Refurb)

£126,675

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£34,988

Stamp Duty & Legal Fees

£5,399

Refurb Costs

£36,400

Bridging Loan Interest

£3,674

Total Cash In

£82,210

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£126,675

Mortgage (After Refinance)

£95,007

Mortgage LTV

75%

Cash Left In

£82,210

Equity

£31,669

Rent Range

£625 - £995

Rent Estimate

£750

Running Costs/mo

£566

Cashflow/mo

£184

Cashflow/yr

£2,210

ROI

3%

Gross Yield

6%

Local Sold Prices

50 sold prices from £60K to £220K, average is £125K. £845/m² to £2.8K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£125K08/210.05 mi1, Manor Road, Carlisle, Cumbria CA2 4LH3
£125K01/210.11 mi169, Upperby Road, Carlisle, Cumbria CA2 4JR3
£150K05/230.14 mi21, Uldale Road, Carlisle, Cumberland CA2 4PP3
£144K03/210.14 mi26, Uldale Road, Carlisle, Cumbria CA2 4PP3
£123K10/210.15 mi3, Greengarth, Carlisle, Cumbria CA2 4PW3
£117K06/210.19 mi10, Brisco Road, Carlisle, Cumbria CA2 4PG3
£150K12/200.2 mi3, Brisco Meadows, Carlisle, Cumbria CA2 4NY3
£185K01/210.2 mi57, Brisco Meadows, Carlisle, Cumbria CA2 4NY3
£87K01/210.22 mi122, Scalegate Road, Carlisle, Cumbria CA2 4PR3
£180K06/230.23 mi60, Woodside North, Carlisle, Cumberland CA2 4NW3
£125K12/200.28 mi51, Scalegate Road, Carlisle, Cumbria CA2 4JX3
£150K05/210.28 mi10, Woodside North, Carlisle, Cumbria CA2 4NN3
£130K12/200.28 mi17, Woodside North, Carlisle, Cumbria CA2 4NN3
£136K04/230.29 mi133, Scalegate Road, Carlisle, Cumberland CA2 4PQ3
£150K05/210.29 mi10, Kirklands Road, Carlisle, Cumbria CA2 4JD3
£82.5K11/200.32 mi33, Holmacres Drive, Carlisle, Cumbria CA1 3AB3
£70K05/210.33 mi8, Mount Pleasant Road, Carlisle, Cumbria CA2 4QB3
£130K05/230.33 mi9, Newlands Road, Carlisle, Cumberland CA2 4JB3
£78.5K01/210.35 mi5, Holmacres Drive, Carlisle, Cumbria CA1 3AA3
£73.8K07/230.37 mi12, Henderson Road, Carlisle, Cumberland CA2 4PU3
£77K10/210.39 mi24, Gillford Crescent, Carlisle, Cumbria CA1 3BS3
£94K12/200.39 mi3, Gillford Crescent, Carlisle, Cumbria CA1 3BS3
£125K05/210.4 mi63, Carliol Drive, Carlisle, Cumbria CA1 2RE3
£102K03/210.4 mi72, Gillford Crescent, Carlisle, Cumbria CA1 3BT3
£207K09/210.43 mi30, Chertsey Bank, Carlisle, Cumbria CA1 2QF3
£110K10/200.43 mi6, Chertsey Bank, Carlisle, Cumbria CA1 2QF3
£110K06/210.44 mi4, Millbank Court, Carlisle, Cumbria CA2 4HY3
£98K02/230.44 mi44, Cavaghan Gardens, Carlisle, Cumbria CA1 3BY3
£74K03/210.44 mi35, Ridley Road, Carlisle, Cumbria CA2 4LB3
£105K01/230.44 mi42, Ridley Road, Carlisle, Cumbria CA2 4LB3
£100K12/220.45 mi8, Lightfoot Drive, Carlisle, Cumbria CA1 3BP3
£87K11/200.45 mi138, Oaklands Drive, Carlisle, Cumbria CA2 4NJ3
£60K10/210.47 mi109, Henderson Road, Carlisle, Cumbria CA2 4PY3
£120K06/230.48 mi18, Lightfoot Drive, Carlisle, Cumberland CA1 3BP3
£220K06/210.48 mi15, Richard James Avenue, Carlisle, Cumbria CA1 2FD3
£150K06/230.49 mi110, Boundary Road, Carlisle, Cumberland CA2 4HT3
£127.5K11/220.51 mi6, Woodsghyll Drive, Carlisle, Cumbria CA1 3DG3
£66K12/200.51 mi3, Sewell Road, Carlisle, Cumbria CA2 4QP3
£141K09/210.51 mi10, Maitland Street, Carlisle, Cumbria CA2 4ED3
£189.9K11/200.51 mi291, London Road, Carlisle, Cumbria CA1 2QW3
£125K10/210.52 mi289a, Blackwell Road, Carlisle, Cumbria CA2 4RD3
£140K12/200.53 mi59, Millholme Avenue, Carlisle, Cumbria CA2 4DW3
£99.5K04/230.53 mi20, Lingmoor Way, Carlisle, Cumberland CA1 3LW3
£155K02/230.53 mi25, Lingmoor Way, Carlisle, Cumberland CA1 3LW3
£115K06/210.53 mi23, Lingmoor Way, Carlisle, Cumbria CA1 3LW3
£152K01/230.53 mi10, Lingmoor Way, Carlisle, Cumbria CA1 3LW3
£114K04/230.53 mi47, Lingmoor Way, Carlisle, Cumberland CA1 3LW3
£93K05/230.53 mi14, Lingmoor Way, Carlisle, Cumberland CA1 3LW3
£148K08/230.53 mi43, Herbert Street, Carlisle, Cumberland CA1 2QE3
£165K08/230.54 mi254, Blackwell Road, Carlisle, Cumberland CA2 4RY3

Local Rents

18 rents from £625/mo to £995/mo, average is £708/mo.

RentDateDistanceAddressBeds 
£62504/240.22 miScalegate Road , Upperby , Carlisle3
£87503/240.33 miNewlands Road, Carlisle, CA23
£87503/240.33 miNewlands Road, Carlisle, CA23
£85004/240.33 miNewlands Road, Carlisle, CA23
£75005/240.37 miBuchanan Road, Carlisle3
£75005/240.37 miBuchanan Road, Carlisle3
£70006/230.45 mi-3
£67503/240.49 miMillholme Avenue, Carlisle, CA23
£67503/240.49 miMillholme Avenue, Carlisle, CA23
£67503/240.49 miMillholme Avenue, Carlisle, CA23
£65008/230.49 mi-3
£70004/240.55 miLightfoot Drive, Carlisle, CA13
£62504/240.57 miMontreal Street, Currock, Carlisle3
£71501/240.57 mi-3
£90005/240.57 miLondon Road, Carlisle, CA13
£90005/240.57 miLondon Road, Carlisle, CA13
£69508/230.59 mi-3
£99503/240.6 miBeaumont Road, Carlisle3

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

2.04 miles away

Nearest school

0.20 miles away

Nearest train station

1.29 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £139,950

November 5, 2024

Floor Plans

Description

  • Semi-detached property +
  • Three bedrooms +
  • Gated driveway & detached garage +
  • Front & rear gardens +
  • No-through road +
  • Recently fitted kitchen +
  • Some modernisation required +
  • No onward chain +

A three bedroom, semi-detached property situated on a no-through road to the south of the city. The property has a recently fitted kitchen however does still require some modernisation. The accommodation briefly comprises entrance hall, open plan dining lounge and newly fitted kitchen. To the first floor there are two double bedrooms, single bedroom and bathroom. Front and rear lawned gardens, gated driveway and detached single garage. Situated close to local shops, schools and amenities and sold with the benefit of no onward chain. The accommodation with approximate measurements briefly comprises: UPVC front door into entrance hall.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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