2 Bed Bungalow, Refurb/BRRR, Carnforth, LA6 3NS, £425,000

Sunnybank, Burton In Lonsdale, LA6 3NS - 2 views - 5 months ago

Refurb/BRRR
~68 m²
+35 photos

ValuationOvervalued

Sold Prices£117.5K - £335K
Sold Prices/m²£1.8K/m² - £4.9K/m²

 

 

Square Metres

~68.11 m²
Price/m²£6.2K/m²

Value Estimate

£208,800

 

 

End Value (After Refurb)

£308,375

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£106,250

Stamp Duty & Legal Fees

£22,700

Refurb Costs

£27,511

Bridging Loan Interest

£11,156

Total Cash In

£169,368

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£308,375

Mortgage (After Refinance)

£231,281

Mortgage LTV

75%

Cash Left In

£169,368

Equity

£77,094

Rent Range

£450 - £1,650

Rent Estimate

£931

Running Costs/mo

£1,170

Cashflow/mo

£-239

Cashflow/yr

£-2,866

Gross Yield

3%

Local Sold Prices

27 sold prices from £117.5K to £335K, average is £180K. £1.8K/m² to £4.9K/m², average is £3.1K/m².

PriceDateDistanceAddressBeds 
£190K01/210.19 miBreastfield Cottage, High Street, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3JP2
£257K07/230.22 miSmithy Cottage, Duke Street, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3LG2
£152.5K08/230.22 mi2, Sawmill Cottages, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3JS2
£180K05/210.29 mi2, Stonebower Cottages, Burton In Lonsdale, Carnforth, North Yorkshire LA6 3JX2
£170K02/231.78 mi7, Highfield Terrace, Lower Bentham, Lancaster, North Yorkshire LA2 7EP2
£223K06/231.86 mi8, Cheapside, Lower Bentham, Lancaster, North Yorkshire LA2 7EJ2
£250K11/221.93 miValley Field, Low Bentham Road, Lower Bentham, Lancaster, North Yorkshire LA2 7BT2
£315K04/231.94 miChee Tor, 38, Robin Lane, Bentham, Lancaster, North Yorkshire LA2 7AG2
£143K04/232.04 mi39, Banks Way, Bentham, Lancaster, North Yorkshire LA2 7JH2
£224K01/242.13 mi17, Lakeber Avenue, Bentham, Lancaster, North Yorkshire LA2 7JN2
£230K08/232.14 mi20, Butterbergh, Bentham, Lancaster, North Yorkshire LA2 7FG2
£124K06/212.14 mi63, Main Street, Bentham, Lancaster, North Yorkshire LA2 7HP2
£175K10/232.18 mi6, Police Yard, Bentham, Lancaster, North Yorkshire LA2 7HH2
£165K03/212.23 mi4, School Hill, Bentham, Lancaster, North Yorkshire LA2 7JX2
£210K01/212.28 mi2, The Ingles, Ingleton, Carnforth, North Yorkshire LA6 3PP2
£125K10/202.41 mi2, Tansey Terrace, Ingleton, Carnforth, North Yorkshire LA6 3BX2
£175K09/232.43 mi6, Wenning Avenue, Bentham, Lancaster, North Yorkshire LA2 7LR2
£158K02/232.44 mi8, Mayfield Road, Bentham, Lancaster, North Yorkshire LA2 7LP2
£117.5K11/232.45 mi2, Mayfield Road, Bentham, Lancaster, North Yorkshire LA2 7LP2
£127K01/212.52 mi8, Burnmoor View, Ingleton, Carnforth, North Yorkshire LA6 3BL2
£185K12/222.54 mi3, Strand Cottages, Ingleton, Carnforth, North Yorkshire LA6 3EW2
£180K04/232.6 mi3, The Square, Ingleton, Carnforth, North Yorkshire LA6 3EG2
£175K08/232.63 mi1, Sammy Lane Close, Ingleton, Carnforth, North Yorkshire LA6 3FD2
£275K03/232.64 mi28, High Street, Ingleton, Carnforth, North Yorkshire LA6 3AD2
£191K04/232.8 mi19, Ingleborough Park Drive, Ingleton, Carnforth, North Yorkshire LA6 3AJ2
£257.5K12/202.8 mi13, Ingleborough Park Drive, Ingleton, Carnforth, North Yorkshire LA6 3AJ2
£335K02/232.81 miMarethdale, Old Moor Road, Wennington, Lancaster, Lancashire LA2 8PD2

Local Rents

8 rents from £450/mo to £1.6K/mo, average is £713/mo.

RentDateDistanceAddressBeds 
£1,30012/240.29 mi-4
£45003/251.6 mi-2
£62505/242.17 miMill Gardens, Bentham2
£65004/242.19 miMain Street, Bentham, Lancaster3
£51503/242.2 miThe Millers Court,Bentham,LA21
£77504/242.25 mi12b Station Road, Bentham2
£1,65012/242.39 miTatterthorn Road, Bentham, Lancaster5
£1,00002/242.46 mi-4

Local Area Statistics

Population in LA6

12,877

Population in Carnforth

29,230

Town centre distance

10.10 miles away

Nearest school

2 miles away

Nearest train station

2.38 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Listed for £425,000

November 21, 2024

Floor Plans

Description

  • 2 Bed Detached Bungalow +
  • Generous Plot +
  • Gated Drive with Ample Parking for 2 to 3 cars +
  • Detached Garage +
  • Freehold +
  • Council Tax Band E +
  • EPC Rating TBC +
  • Desirable Village Location +
  • Scope for Improvement +
  • Extensive Garden +

A spacious two bedroom detached bungalow in a thriving community driven village sat on a generous elevated plot and enjoying views of Ingleborough.

The property consists of a kitchen, two reception rooms, two double bedrooms, family bathroom and conservatory. Complete with a detached garage, large garden and gated parking.

The property is in good order throughout, but would benefit from some modernisation, allowing a buyer to create a stunning home.

No onward chain.

Property Description - Sunnybank is a bright and spacious two-bedroom bungalow, nestled on a generous elevated plot just off Ireby Road in Burton in Lonsdale. Boasting stunning views of Ingleborough, this property offers a unique blend of tranquility and potential. Having been cherished by the same family for many years as both a primary and secondary residence, it is now available with no onward chain.

The well-laid-out accommodation comprises an entrance porch leading into a spacious central hallway, which grants access to the main living areas. From here, you'll find:

A light-filled sitting room;
A well-proportioned bedroom one;
A rear hallway providing access to bedroom two, the family bathroom, dining room, kitchen, and a charming conservatory.

While Sunnybank is well-maintained throughout, it offers an exciting opportunity for modernisation, allowing the new owner to craft a truly exceptional home.

Externally, the property impresses with a gated driveway accommodating 2–3 cars, a detached garage, and expansive gardens featuring lawns, a patio area, and mature planting.

Sunnybank combines space, location, and potential—perfect for those seeking a forever home with breath-taking views.

Property Information - Freehold
Council Tax Band E
EPC Rating TBC
All mains services
B4RN available upon agreement
Boiler house roof replaced
Garage roof replaced 2021
Guttering replaced 2023
Rewiring 2016
*Please note - Probate is in progress, not yet been granted

Ireby Location - Ireby is a popular rural hamlet three miles away from Kirkby Lonsdale and Ingleton. The town of Kirkby Lonsdale has a thriving community with a wide range of facilities and amenities including numerous shops, pubs, primary and secondary school, and supermarket. There are also excellent road and rail links with the Lake District, Forest Of Bowland and Yorkshire Dales all a short drive away.

Entrance Porch - Vinyl flooring, UPVC double glazed patio doors to front aspect,

Entrance Hall - Fitted carpet, radiator, windows and door with stained glass window panel to porch

Sitting Room - Fitted carpet, 2 x radiators, fireplace with gas fire, serving hatch to kitchen, picture rail, cornicing, double glazed window to side aspect double glazed bay window to front aspect.

Dining Room - Fitted carpet, radiator, fitted cupboard housing emersion heater switch, picture rail, cornicing, double glazed window to rear aspect.

Kitchen - Vinyl flooring, radiator, range of wall and base units, cooker point, single drainer sink, serving hatch to sitting room, double glazed windows.

Conservatory - Fitted carpet, double glazed windows, poly carbonate roof, UPVC double glazed door providing access to rear garden.

Bedroom One - Double front bedroom with fitted carpet, radiator, picture rail, cornicing, double glazed window to front and side aspect

Bedroom Two - Fitted carpet, radiator, fitted wardrobe, picture rail, cornicing, double glazed window, door to box room

Box Room - Fitted carpet, fitted shelves, consumer unit, loft access, double glazed window.

Bathroom - Fitted carpet, wash basin, toilet, bath, electric shower, electric wall heater, double glazed widow with textured glass

Boiler Room - Gas boiler, single glaze circular window.

External -

Front - Drive, large garden plot, lawn, established beds, hedge boundary to front, wall boundary to side.

Rear - Large lawn to rear, hedge boundary to back.

Garage - Detached garage

Parking - Gated drive with parking for 2 cars.

Agent Notes - Fisher Hopper has not tested services, fixtures, fittings, central heating, gas and electrical systems. If in doubt, purchasers should seek professional advice. Items in these photographs may not be included in the sale of the property.

OFFER PROCEDURE
Fisher Hopper, as Agents in the sale of the property, will formally check the identification of prospective purchasers. In addition the purchaser will be required to provide information regarding the source of funding as part of our offer handling procedure.

FINANCIAL ADVICE
Free and no obligation mortgage advice is available on our website. Alternatively, please contact us to arrange a call from our mortgage broker.
Your home is at risk if you do not keep up the repayments on a mortgage or other loan secured on it. Written details available upon request

MARKET APPRAISALS
If you have a property or business which needs a market appraisal or valuation, our local knowledge, experience and coverage will ensure you get the best advice. Our Guild Referral Network of over 800 specially selected offices can provide this no obligation service anywhere in the country. Call or email now to let us get you moving.

INTRODUCERS FEES
Fisher Hopper Ltd receives and introducers fee from Napthens Solicitors of £100.00 + VAT for all successful introductions.

FISHER HOPPER
Fisher Hopper is a trading name for Fisher Hopper Limited, which is registered in England No 08514050. The registered office for the company is: 5 Battalion Court, Colburn Business Park, Catterick Garrison, England, DL9 4QN. Company Director: M. Alexander
The office address for Fisher Hopper is: 43 Main Street, Bentham, Lancaster, North Yorkshire LA2 7HJ.

FLOOR PLANS
Please note, floor plans are not to scale and are for illustration purposes only. Plans are produced using PlanUp.

Agent Details

Fisher Hopper, Bentham

01524 969618

Next Steps?

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