2 Bed Detached House, Refurb/BRRR, Carlisle, CA1 3HN, £60,000

Longholme Road, off Cumwhinton Road, Carlisle, CA1 3HN - 5 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 8%
~57 m²
+8 photos

ValuationFair Value

Sold Prices£51K - £250K
Sold Prices/m²£923/m² - £4.1K/m²

 

 

Square Metres

~57 m²
Price/m²£1.1K/m²

Value Estimate

£60,600

 

 

End Value (After Refurb)

£93,774

Uplift in Value

+56%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£15,000

Stamp Duty & Legal Fees

£4,200

Refurb Costs

£22,432

Bridging Loan Interest

£1,575

Total Cash In

£44,957

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£93,774

Mortgage (After Refinance)

£70,331

Mortgage LTV

75%

Cash Released

£25,331

Cash Left In

£19,627

Equity

£23,444

Rent Range

£550 - £950

Rent Estimate

£747

Running Costs/mo

£462

Cashflow/mo

£285

Cashflow/yr

£3,415

ROI

8%

Gross Yield

15%

Local Sold Prices

50 sold prices from £51K to £250K, average is £107.3K. £923/m² to £4.1K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£102K09/210.04 mi52, Longholme Road, Carlisle, Cumbria CA1 3HU2
£80K04/210.05 mi58, Longholme Road, Carlisle, Cumbria CA1 3HU2
£80K07/210.09 mi19, Meadow View, Carlisle, Cumbria CA1 3JJ2
£107K06/230.09 mi85, Meadow View, Carlisle, Cumberland CA1 3JJ2
£85K05/210.11 mi25, Hillary Grove, Carlisle, Cumbria CA1 3JH2
£130K01/230.12 mi89, Hillary Grove, Carlisle, Cumbria CA1 3JQ2
£181K04/230.12 mi11, Blackburn Drive, Carlisle, Cumberland CA1 3HY2
£80K03/210.13 mi13, Winton Crescent, Carlisle, Cumbria CA1 3JY2
£75.2K11/200.13 mi16, Winton Crescent, Carlisle, Cumbria CA1 3JY2
£125K02/230.13 mi15, Winton Crescent, Carlisle, Cumbria CA1 3JY2
£106K12/220.14 mi60, Meadow View, Carlisle, Cumbria CA1 3JL2
£78K04/210.15 mi90, Crossways, Carlisle, Cumbria CA1 3JT2
£150K06/210.17 mi23, Longdyke Drive, Carlisle, Cumbria CA1 3HT2
£94.5K11/220.17 mi38, Edgehill Road, Carlisle, Cumbria CA1 3PE2
£107.5K12/220.19 mi25, Winton Crescent, Carlisle, Cumbria CA1 3JZ2
£175K09/210.21 mi87, Hopes Hill Drive, Carlisle, Cumbria CA1 3LH2
£135K11/220.22 mi54, Edgehill Road, Carlisle, Cumbria CA1 3PR2
£110K05/210.22 mi72, Edgehill Road, Carlisle, Cumbria CA1 3PR2
£115.5K11/200.24 mi35, Edgehill Road, Carlisle, Cumbria CA1 3PG2
£157K01/210.26 mi10, Highwood Crescent, Carlisle, Cumbria CA1 3LF2
£167K10/210.26 mi9, Highwood Crescent, Carlisle, Cumbria CA1 3LF2
£250K08/230.27 mi437, London Road, Carlisle, Cumberland CA1 3HA2
£190K06/210.27 mi437, London Road, Carlisle, Cumbria CA1 3HA2
£123K01/230.28 mi51, Dalegarth Avenue, Carlisle, Cumbria CA1 3LS2
£110K09/210.29 mi35, Springfield Road, Carlisle, Cumbria CA1 3QX2
£87K02/210.3 mi79, Linden Terrace, Carlisle, Cumbria CA1 3PH2
£86K11/200.3 mi88, Linden Terrace, Carlisle, Cumbria CA1 3PH2
£125K03/230.3 mi7, Leywell Drive, Carlisle, Cumberland CA1 3TN2
£85K03/230.33 mi77, Arnside Road, Carlisle, Cumberland CA1 3PS2
£135K01/230.34 mi15, Valley Drive, Carlisle, Cumbria CA1 3TB2
£93K12/210.36 mi114, Springfield Road, Carlisle, Cumbria CA1 3QU2
£180K12/220.36 mi355, London Road, Carlisle, Cumberland CA1 3EY2
£99K02/210.4 mi36, Whinsmoor Drive, Carlisle, Cumbria CA1 3PX2
£98.5K08/230.4 mi20, Whinsmoor Drive, Carlisle, Cumberland CA1 3PX2
£77K04/230.4 mi30, Linden Terrace, Carlisle, Cumberland CA1 3PJ2
£110K12/220.4 mi36, Mayfield Avenue, Carlisle, Cumbria CA1 3LU2
£105K03/230.41 mi40, Mayfield Avenue, Carlisle, Cumberland CA1 3LU2
£74K12/200.41 mi46, Mayfield Avenue, Carlisle, Cumbria CA1 3LU2
£116K03/230.41 mi28, Tindale Drive, Carlisle, Cumbria CA1 3SG2
£90K12/200.43 mi82, Edgehill Road, Carlisle, Cumbria CA1 3SD2
£60K04/210.43 mi51, Silverdale Road, Carlisle, Cumbria CA1 3SF2
£80K03/230.44 mi67, Mayfield Avenue, Carlisle, Cumberland CA1 3LZ2
£208K12/200.45 mi14, Pennine View, Carlisle, Cumbria CA1 3GY2
£118K01/230.45 mi47, Mayfield Avenue, Carlisle, Cumbria CA1 3NB2
£110K06/210.46 mi3, Mayfield Avenue, Carlisle, Cumbria CA1 3NB2
£126K10/200.46 mi112, Valley Drive, Carlisle, Cumbria CA1 3TR2
£51K03/230.46 mi9, Lightfoot Drive, Carlisle, Cumberland CA1 3BN2
£92.5K11/220.49 mi21, Brantwood Avenue, Carlisle, Cumbria CA1 3RP2
£82K01/210.49 mi30, Brantwood Avenue, Carlisle, Cumbria CA1 3RP2
£123K08/230.52 mi191, Pennine Way, Carlisle, Cumberland CA1 3QN2

Local Rents

28 rents from £550/mo to £950/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£60004/240.03 miLongholme Road, Carlisle2
£59503/240.05 miLongholme Road, Carlisle2
£62501/250.05 mi-2
£57503/240.05 miLongholme Road, Carlisle, CA12
£65005/240.14 miWinton Cresent, Harraby, Carlisle2
£67505/240.15 miWatermans Walk, Carleton Grange, Carlisle2
£67505/240.15 miWatermans Walk, Carleton Grange, Carlisle2
£67503/240.15 mi140 Watermans Walk, Carlisle, Cumbria2
£75005/240.17 mi-2
£72501/250.42 mi-2
£89504/250.43 mi-2
£95003/250.44 mi-2
£77503/240.44 miCherry Lane, CARLISLE, CA12
£77503/240.44 miCherry Lane, CARLISLE, CA12
£95007/240.44 mi-2
£95009/230.44 mi-2
£95002/250.44 mi-2
£95002/250.44 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
£77503/240.45 mi19, Cherry Lane,CARLISLE, CA1 3GJ2
£57503/240.46 miLightfoot Drive, Carlisle, Cumbria, CA12
£75005/230.48 mi-2
£75004/240.55 miWillow Place, Parkland Village, Carlisle, CA12
£79505/240.58 mi-2
£55003/240.6 miLondon Road, Carlisle, CA12

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

2.45 miles away

Nearest school

0.30 miles away

Nearest train station

1.78 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Price changed to £60,000

January 31, 2025

Listed for £62,500

November 19, 2024

Floor Plans

Description

  • Ground Floor Flat +
  • Two bedrooms +
  • Wet room +
  • Garden, garage & driveway parking +
  • No onward chain +
  • Ideal first time buy or buy to let +

A two bedroom, ground floor flat with garage. The property does require some modernisation, situated just off Cumwhinton Road on a no-through road. The UPVC double glazed and warm air heated accommodation briefly comprises entrance hall, dining lounge, fitted kitchen, two bedrooms and wet room. Externally there is a lawned front garden, driveway parking and detached garage. Situated close to local amenities and bus routes. Ideally suited to the buy to let investor or first time buyer. Sold with the benefit of no onward chain. The accommodation with approximate measurements briefly comprises:

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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