2 Bed Flat, Single Let, Carlisle, CA3 8PL, £80,000

Hodgsons Court, Scotch Street, Carlisle, CA3 8PL - 1 views - 5 months ago

Leasehold
BTL
ROI: 8%
~78 m²
+3 photos

ValuationUndervalued

Sold Prices£45.5K - £146.5K
Sold Prices/m²£823/m² - £2.1K/m²

 

 

Square Metres

~77.60 m²
Price/m²£1K/m²

Value Estimate

£86,222
BMV8%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Total Cash In

£23,600

 

 

Cash Out

 

Rent Range

£450 - £995

Rent Estimate

£523

Running Costs/mo

£375

Cashflow/mo

£148

Cashflow/yr

£1,781

ROI

8%

Gross Yield

8%

Local Sold Prices

24 sold prices from £45.5K to £146.5K, average is £69.3K. £823/m² to £2.1K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£142K04/210.28 miGround Floor And Basement Flat, 51, Chiswick Street, Carlisle, Cumbria CA1 1HJ2
£146.5K12/220.46 miApartment 5 East Block, Shaddon Mill, Shaddongate, Carlisle, Cumbria CA2 5WD2
£115K12/210.46 miApartment 4 The Engine House, Shaddon Mill, Shaddongate, Carlisle, Cumbria CA2 5WF2
£64K10/210.48 miFlat 8, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ2
£73K11/220.49 miFlat 5, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ2
£70K03/210.57 mi30c, Edward Street, Carlisle, Cumbria CA1 2JE2
£55K12/210.57 mi30a, Edward Street, Carlisle, Cumbria CA1 2JE2
£55K09/210.6 mi18, Lewis Court, Carlisle, Cumbria CA2 5ET2
£108K03/210.65 mi2c, St Aidans Road, Carlisle, Cumbria CA1 1LS2
£65K11/200.65 mi197, Warwick Road, Carlisle, Cumbria CA1 1LP2
£73K06/210.79 mi13, Yew Tree Court, Carlisle, Cumbria CA2 5QA2
£78.4K04/210.88 mi3, Howard Court, Carlisle, Cumbria CA2 7AP2
£65K10/200.9 mi1, Goodwin Close, Carlisle, Cumbria CA2 4AH2
£65K01/230.9 mi277, Warwick Road, Carlisle, Cumbria CA1 2BX2
£68.5K10/210.93 mi28, Thirlwell Gardens, Carlisle, Cumbria CA1 2DU2
£70K06/210.93 mi36, Thirlwell Gardens, Carlisle, Cumbria CA1 2DU2
£68K06/210.93 mi70, Thirlwell Gardens, Carlisle, Cumbria CA1 2DU2
£86.5K07/230.96 miFlat 3, Johnson Mill, Denton Mill Lane, Carlisle, Cumberland CA2 5NQ2
£56.5K03/230.97 mi12, Maryport Court, Carlisle, Cumberland CA2 5LY2
£133K10/200.98 miFlat 31, Higginson Mill, Denton Mill Close, Carlisle, Cumbria CA2 5NZ2
£67.5K08/210.98 mi28, Almery Drive, Carlisle, Cumbria CA2 4EX2
£45.5K05/210.98 mi23, Fairfield Gardens, Carlisle, Cumbria CA2 7EW2
£67.5K10/210.98 mi20, Fairfield Gardens, Carlisle, Cumbria CA2 7EW2
£112.5K08/220.99 miFlat 21, River View, Denton Mill Close, Carlisle, Cumbria CA2 5NF2

Local Rents

37 rents from £450/mo to £995/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£57504/240.09 miScotch Street, Carlisle2
£69501/240.16 mi-2
£65005/240.17 miSpencer House, St Pauls Square, Carlisle2
£65005/240.17 miSpencer House, St Pauls Square, Carlisle2
£52003/240.18 miSpencer House, St Pauls Square, Carlisle2
£60003/240.2 miCastle Street, Carlisle2
£60003/240.27 miRed Gables, Carlisle, CA12
£65004/240.27 miFlat 6, Red Gables, CA12
£75003/240.35 miHanson Place, Warwick Square, Carlisle2
£75004/240.35 miMilbourne Court, Milbourne Street, Carlisle2
£95002/250.37 mi-2
£89503/250.37 mi-2
£65004/240.41 miSheffield Street, Carlisle2
£65004/240.41 miSheffield Street, Carlisle2
£59004/240.42 miAglionby Street, Carlisle2
£65003/240.45 mi114, Warwick Road, Carlisle2
£62505/240.45 miWillowbank, CA2 5RY2
£67504/240.46 miBridge Lane, Carlisle, CA22
£67505/240.46 mi-2
£69501/250.46 mi-2
£69502/250.46 mi-2
£97505/240.47 mi-2
£97505/240.47 miShaddon Mill, Carlisle, CA22
£52505/240.5 mi84 Charles Street, Carlisle2
£69511/240.51 mi-2
£72501/250.52 mi-2
£60005/240.52 miMorton Street, Carlisle, CA22
£57503/240.52 miKendal Street, Carlisle2
£59511/230.53 mi-2
£59503/240.54 miCollingwood Street, Carlisle, CA22
£59503/240.54 miCollingwood Street, Carlisle, CA22
£99503/250.54 mi-2
£45004/240.56 miHawick Street, Carlisle, CA22
£56512/240.57 miNewcastle Street, Carlisle, Cumbria, CA22
£65003/240.59 mi-2
£65003/240.59 miNelson Street, Carlisle, CA22
£55003/240.59 miGarfield Street, Carlisle, Cumbria, CA22

Local Area Statistics

Population in CA3

14,064

Population in Carlisle

103,015

Town centre distance

0.50 miles away

Nearest school

0.10 miles away

Nearest train station

0.29 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £80,000

November 14, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • Entrance Hall +
  • Living Room +
  • Kitchen Dining Room +
  • Shower Room +

Offering a first floor two bedroom duplex apartment, which is accessed via a secure door system from Scotch Street. Located above The Lane Shopping Centre in the Centre of Carlisle.

The accommodation comprises a private entranced opening into a spacious hallway leading into a lounge with an electric fire and two windows allowing natural light to flood in. Along the hallway, you enter a separate kitchen with wall and base units with contrasting worktops. There is an integral electric oven, with gas hob, a fridge freezer and washing machine. There is also an ample dining area. To the first floor, you follow the duplex staircase leading up to two double bedrooms with storage cupboards and excellent views of the busy high street below. The property has a three-piece shower room with an electric shower and a Velux window allowing natural light to flood into the room.

The property has double glazing and gas central heating. There is a service charge fee of £2,575 per annum. NO ONWARD CHAIN.

Situation

Located in the centre of the city, it is at the heart of many amenities, including shops, bars, restaurants, banks etc all within easy reach.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CAR240261/2

Agent Details

YOUR MOVE - Property @ Cumbria, Carlisle

01228 276062

Next Steps?

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