2 Bed Terraced House, Refurb/BRRR, Carlisle, CA2 7DF, £90,000

Bower Street, Carlisle, CA2 7DF - 3 views - 5 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 5%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£55K - £141K
Sold Prices/m²£679/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.3K/m²

Value Estimate

£81,682

 

 

End Value (After Refurb)

£86,100

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,500

Stamp Duty & Legal Fees

£3,900

Refurb Costs

£26,658

Bridging Loan Interest

£2,363

Total Cash In

£57,171

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£86,100

Mortgage (After Refinance)

£64,575

Mortgage LTV

75%

Cash Left In

£57,171

Equity

£21,525

Rent Range

£443 - £975

Rent Estimate

£629

Running Costs/mo

£415

Cashflow/mo

£214

Cashflow/yr

£2,570

ROI

4%

Gross Yield

8%

Local Sold Prices

50 sold prices from £55K to £141K, average is £81K. £679/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£106K12/220.09 mi55, Mardale Road, Carlisle, Cumbria CA2 7DP2
£85K09/210.12 mi4, Bright Street, Carlisle, Cumbria CA2 7JG2
£79.5K11/200.12 mi32, Bright Street, Carlisle, Cumbria CA2 7JG2
£67.5K08/210.12 mi42, Bower Street, Carlisle, Cumbria CA2 7DG2
£77K01/230.13 mi28, Bower Street, Carlisle, Cumbria CA2 7DG2
£100K09/210.14 mi81, Granville Road, Carlisle, Cumbria CA2 7AZ2
£75K12/210.14 mi53, Granville Road, Carlisle, Cumbria CA2 7AZ2
£90K06/230.14 mi7, Granville Road, Carlisle, Cumberland CA2 7AZ2
£80K02/210.14 mi91, Granville Road, Carlisle, Cumbria CA2 7AZ2
£141K06/230.14 mi78, Wigton Road, Carlisle, Cumberland CA2 7AY2
£55K04/210.15 mi16, Trinity Buildings, Carlisle, Cumbria CA2 7DA2
£113K07/230.16 mi7, Newtown Road, Carlisle, Cumberland CA2 7HZ2
£71K05/210.16 mi60, Granville Road, Carlisle, Cumbria CA2 7BA2
£73K04/230.16 mi36, Granville Road, Carlisle, Cumberland CA2 7BA2
£71K05/210.16 mi60, Granville Road, Carlisle, Cumbria CA2 7BA2
£77.5K06/230.16 mi12, Granville Road, Carlisle, Cumberland CA2 7BA2
£95K01/230.17 mi7, Hawes Street, Carlisle, Cumbria CA2 5PY2
£132K06/230.18 mi31, Ashley Street, Carlisle, Cumberland CA2 7BD2
£74K12/200.18 mi10, Ashley Street, Carlisle, Cumbria CA2 7BD2
£60K05/230.18 mi67, Brookside, Carlisle, Cumberland CA2 7JR2
£89K08/230.19 mi9, Crummock Street, Carlisle, Cumberland CA2 5PT2
£93K03/210.19 mi54, Crummock Street, Carlisle, Cumbria CA2 5PT2
£58K12/200.19 mi8, Crummock Street, Carlisle, Cumbria CA2 5PT2
£63K02/210.19 mi43, Crummock Street, Carlisle, Cumbria CA2 5PT2
£72.5K04/210.19 mi48, Crummock Street, Carlisle, Cumbria CA2 5PT2
£125K07/230.19 mi13, Ruthella Street, Carlisle, Cumberland CA2 7PG2
£78K01/210.19 mi22, Bassenthwaite Street, Carlisle, Cumbria CA2 5PX2
£66K02/210.19 mi41, Bassenthwaite Street, Carlisle, Cumbria CA2 5PX2
£63.6K04/210.19 mi27, Bassenthwaite Street, Carlisle, Cumbria CA2 5PX2
£104K05/230.2 mi5, Wastwater Close, Carlisle, Cumberland CA2 5QJ2
£81K03/210.21 mi49, Clift Street, Carlisle, Cumbria CA2 7PQ2
£82.5K12/200.21 mi14, Clift Street, Carlisle, Cumbria CA2 7PQ2
£105K07/230.21 mi16, Clift Street, Carlisle, Cumberland CA2 7PQ2
£65K10/210.21 mi47, Clift Street, Carlisle, Cumbria CA2 7PQ2
£89K03/230.21 mi13, Clift Street, Carlisle, Cumbria CA2 7PQ2
£88.5K02/210.22 mi6, Leatham Street, Carlisle, Cumbria CA2 7BG2
£136K06/230.22 mi10, Wigton Road, Carlisle, Cumberland CA2 7BB2
£81K06/230.22 mi38, Wigton Road, Carlisle, Cumberland CA2 7BB2
£123K04/230.22 mi1, Abbots Road, Carlisle, Cumberland CA2 5PZ2
£97K02/210.23 mi1, Laurel Close, Carlisle, Cumbria CA2 7DL2
£115K09/210.23 mi61, Ruthella Street, Carlisle, Cumbria CA2 7PB2
£64K03/210.24 mi14, Stanhope Road, Carlisle, Cumbria CA2 7BJ2
£92.5K01/230.24 mi49, Ruthella Street, Carlisle, Cumbria CA2 7PB2
£63K01/210.26 mi16, Lawson Street, Carlisle, Cumbria CA2 7PF2
£85K02/230.26 mi22, Lawson Street, Carlisle, Cumbria CA2 7PF2
£130K05/230.26 mi54, Lawson Street, Carlisle, Cumberland CA2 7PF2
£75K05/210.28 mi8, Wilson Street, Carlisle, Cumbria CA2 7PD2
£115K06/210.28 mi25, Wilson Street, Carlisle, Cumbria CA2 7PD2
£70K06/230.28 mi21, Wilson Street, Carlisle, Cumberland CA2 7PD2
£56K05/210.28 mi15, Finn Avenue, Carlisle, Cumbria CA2 7BN2

Local Rents

51 rents from £443/mo to £975/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£75007/240.04 mi-2
£59505/240.09 miPeel Street, Carlisle 2
£62505/240.09 miPeel Street, Carlisle2
£59505/240.14 miGranville Road, Carlisle, CA22
£67507/230.15 mi-2
£69502/240.16 mi-2
£52504/250.17 mi-2
£75003/240.18 miCollin Place, Off Newtown Road, Carlisle2
£55005/240.18 miBrookside, Carlisle2
£67504/250.18 mi-2
£44305/240.21 miFairfield Gardens, Carlisle, CA27EW2
£65003/240.22 miPort Road, Carlisle, CA22
£65003/240.22 miPort Road, Carlisle, CA22
£60003/240.22 miButtermere Close, Carlisle2
£57503/240.23 miClift Street, Carlisle2
£50003/240.24 miCrummock Street, Carlisle2
£55004/240.24 miCanal Court, Off Newtown Road, Carlisle2
£60003/240.24 miCanal Court, Infirmary Street, CA22
£79901/250.24 mi-2
£49503/230.25 mi-2
£53001/250.25 mi-2
£55003/240.26 miLawson Street, Carlisle2
£55012/240.27 miCarlisle, Cumbria, CA22
£52503/240.28 miWilson Street, Carlisle2
£69505/240.28 miGreta Avenue, Carlisle2
£85010/240.29 mi-2
£59503/240.33 miDalton Avenue, Carlisle2
£45004/240.35 miHawick Street, Carlisle, CA22
£56512/240.35 miNewcastle Street, Carlisle, Cumbria, CA22
£60005/240.39 miMorton Street, Carlisle, CA22
£72501/250.39 mi-2
£69511/240.4 mi-2
£57503/240.4 miKendal Street, Carlisle2
£69510/240.41 mi-2
£59511/230.41 mi-2
£62504/240.41 miKirkstone Crescent, Carlisle, CA22
£62504/240.41 miKirkstone Crescent, Carlisle, CA22
£57503/240.46 miNelson Court, Carlisle, CA22
£97505/240.47 mi-2
£97505/240.47 miShaddon Mill, Carlisle, CA22
£69503/240.49 miTurnstone Drive, Carlisle, CA22
£62505/240.51 miWillowbank, CA2 5RY2
£57504/240.53 miOrton Road, Carlisle2
£67505/240.54 mi-2
£69501/250.54 mi-2
£69502/250.54 mi-2
£67504/240.54 miBridge Lane, Carlisle, CA22
£95002/250.55 mi-2
£89503/250.55 mi-2
£65005/240.55 miOrton Road, Carlisle2
£75004/240.55 miMilbourne Court, Milbourne Street, Carlisle2

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

0.83 miles away

Nearest school

0.20 miles away

Nearest train station

0.91 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £90,000

November 12, 2024

Floor Plans

Description

  • Terraced property +
  • Two bedrooms +
  • In need of modernisation +
  • Parking & gardens +
  • No onward chain +
  • Ideal first time buy or buy to let investment +

A well-maintained, two bedroom, terraced property with off-street parking and low maintenance gardens situated in a popular location to the west of the city. The property is double glazed and gas central heated and briefly comprises entrance hall, lounge with gas fire, kitchen with excellent storage facilities and a ground floor cloakroom. To the first floor there is a 17’ master bedroom, second bedroom with fitted storage and a three piece bathroom. Externally the property has off-street parking to the front and a generous but low maintenance paved rear garden. Located within easy walking distance of the Cumberland Infirmary, local shops, supermarkets and schools and just a ten minute walk into the city centre. The property would make an ideal first time buy or buy to let investment and is 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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