3 Bed Terraced House, Refurb/BRRR, Carlisle, CA2 4EN, £80,000

15 Clementina Terrace, Carlisle, CA2 4EN - 4 views - 5 months ago

Sold STC
Refurb/BRRR
ROI: 4%
113 m²
+13 photos

ValuationFair Value

Sold Prices£63K - £220K
Sold Prices/m²£634/m² - £2.3K/m²

 

 

Square Metres

113 m²
Price/m²£708/m²

Value Estimate

£81,600

 

 

End Value (After Refurb)

£133,403

Uplift in Value

+67%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£20,000

Stamp Duty & Legal Fees

£3,600

Refurb Costs

£44,228

Bridging Loan Interest

£2,100

Total Cash In

£71,678

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£133,403

Mortgage (After Refinance)

£100,052

Mortgage LTV

75%

Cash Released

£40,052

Cash Left In

£31,626

Equity

£33,351

Rent Range

£525 - £3,250

Rent Estimate

£822

Running Costs/mo

£601

Cashflow/mo

£221

Cashflow/yr

£2,649

ROI

4%

Gross Yield

12%

Local Sold Prices

50 sold prices from £63K to £220K, average is £118K. £634/m² to £2.3K/m², average is £1.1K/m².

PriceDateDistanceAddressBeds 
£64K03/210.02 mi98, Harrison Street, Carlisle, Cumbria CA2 4ER3
£115K03/230.02 mi1, Clementina Terrace, Carlisle, Cumberland CA2 4EN3
£100K10/210.05 mi17, Goodwin Close, Carlisle, Cumbria CA2 4AH3
£63K06/210.07 mi51, Gloucester Road, Carlisle, Cumbria CA2 4EW3
£85.5K10/210.07 mi21, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£85.5K10/210.07 mi21, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£85K02/210.07 mi14, Esther Street, Carlisle, Cumbria CA2 4HA3
£145K04/230.08 mi11, Arthur Street, Carlisle, Cumberland CA2 4AN3
£95K11/210.1 mi34, Blackwell Road, Carlisle, Cumbria CA2 4EQ3
£130K01/230.1 mi5, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£121K02/230.13 mi23, Almery Drive, Carlisle, Cumbria CA2 4EX3
£120K02/210.17 mi1b, Alton Street, Carlisle, Cumbria CA2 4DX3
£110K03/210.18 mi102, Blackwell Road, Carlisle, Cumbria CA2 4DZ3
£152K02/230.18 mi31, Currock Road, Carlisle, Cumbria CA2 4AS3
£150K06/230.21 mi110, Boundary Road, Carlisle, Cumberland CA2 4HT3
£65K12/200.22 mi67, Montreal Street, Carlisle, Cumbria CA2 4EE3
£73K04/210.22 mi34, Montreal Street, Carlisle, Cumbria CA2 4EE3
£110K06/210.23 mi4, Millbank Court, Carlisle, Cumbria CA2 4HY3
£130K12/200.23 mi195, Blackwell Road, Carlisle, Cumbria CA2 4DS3
£116K02/230.23 mi130, Blackwell Road, Carlisle, Cumbria CA2 4DT3
£120K08/210.24 mi125, Currock Road, Carlisle, Cumbria CA2 4BH3
£127.5K08/230.25 mi130, Blackwell Road, Carlisle, Cumberland CA2 4DT3
£82K01/210.27 mi34, Coney Street, Carlisle, Cumbria CA2 4BX3
£141K09/210.27 mi10, Maitland Street, Carlisle, Cumbria CA2 4ED3
£74K03/210.29 mi35, Ridley Road, Carlisle, Cumbria CA2 4LB3
£105K01/230.29 mi42, Ridley Road, Carlisle, Cumbria CA2 4LB3
£129K01/210.31 mi1, Boston Avenue, Carlisle, Cumbria CA2 4DR3
£154K06/230.31 mi50, Coney Street, Carlisle, Cumberland CA2 4BW3
£140K12/200.33 mi59, Millholme Avenue, Carlisle, Cumbria CA2 4DW3
£101.5K12/200.37 mi1, Webster Crescent, Carlisle, Cumbria CA2 4DA3
£130K05/230.37 mi9, Newlands Road, Carlisle, Cumberland CA2 4JB3
£95K12/220.38 mi27, St Nicholas Street, Carlisle, Cumbria CA1 2EF3
£125K06/210.38 mi10, Currock Park Avenue, Carlisle, Cumbria CA2 4DH3
£151K04/210.38 mi146, Currock Park Avenue, Carlisle, Cumbria CA2 4DH3
£127K04/230.38 mi5, Currock Park Avenue, Carlisle, Cumberland CA2 4DH3
£170K01/230.38 mi123, Currock Park Avenue, Carlisle, Cumbria CA2 4DH3
£129K10/200.38 mi22, Summerhill, Carlisle, Cumbria CA1 2NW3
£82K03/210.38 mi13, Brook Street, Carlisle, Cumbria CA1 2JA3
£82K03/210.38 mi13, Brook Street, Carlisle, Cumbria CA1 2JA3
£150K05/210.41 mi10, Kirklands Road, Carlisle, Cumbria CA2 4JD3
£89K04/230.41 mi54, Thomson Street, Carlisle, Cumberland CA1 2LW3
£130K03/230.41 mi52, Brook Street, Carlisle, Cumberland CA1 2HY3
£91K05/230.41 mi98, Oswald Street, Carlisle, Cumberland CA1 2LU3
£85K10/210.42 mi25, Lindisfarne Street, Carlisle, Cumbria CA1 2ND3
£86K11/200.42 mi27, Lindisfarne Street, Carlisle, Cumbria CA1 2ND3
£120K07/210.42 mi2, Bousteads Grassing, Carlisle, Cumbria CA2 5LQ3
£181K06/210.43 mi35, Lediard Avenue, Carlisle, Cumbria CA2 4BS3
£220K06/210.43 mi15, Richard James Avenue, Carlisle, Cumbria CA1 2FD3
£66K12/200.43 mi3, Sewell Road, Carlisle, Cumbria CA2 4QP3
£180K12/220.43 mi48, Tramside Way, Carlisle, Cumbria CA1 2FH3

Local Rents

30 rents from £525/mo to £3.3K/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£75003/240.01 miClementina Terrace3
£75003/240.03 miBlackwell Road, Carlisle3
£79503/240.12 miBeaconsfield Street, Carlisle, CA23
£62504/240.2 miMontreal Street, Currock, Carlisle3
£65008/230.28 mi-3
£67503/240.28 miMillholme Avenue, Carlisle, CA23
£67503/240.28 miMillholme Avenue, Carlisle, CA23
£67503/240.28 miMillholme Avenue, Carlisle, CA23
£87503/240.37 miNewlands Road, Carlisle, CA23
£87503/240.37 miNewlands Road, Carlisle, CA23
£85004/240.37 miNewlands Road, Carlisle, CA23
£75005/240.39 miBrook Street, Carlisle, CA13
£3,25002/240.39 mi-3
£59503/240.41 miOswald Street, City Centre, Carlisle, CA13
£72503/240.42 miThomson Street, Carlisle3
£75005/240.42 miBuchanan Road, Carlisle3
£75005/240.42 miBuchanan Road, Carlisle3
£72503/240.49 miLindisfarne Street, Carlisle, CA13
£70004/240.5 mi-3
£62503/240.5 miLund Crescent, Carlisle3
£75003/240.52 miMcilmoyle Way, Denton Holme, Carlisle, CA23
£65003/240.52 miEast Norfolk Street, Carlisle3
£70003/240.53 miLinton Street, Carlisle, CA13
£87503/240.55 miPetteril Terrace, Carlisle, CA13
£90005/240.55 miLondon Road, Carlisle, CA13
£90005/240.55 miLondon Road, Carlisle, CA13
£52504/240.55 miEast Norfolk Street, Carlisle, CA23
£72505/240.55 miEast Norfolk Street, Carlisle, CA23
£99503/240.59 miBeaumont Road, Carlisle3
£62504/240.6 miScalegate Road , Upperby , Carlisle3

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

1.41 miles away

Nearest school

0.10 miles away

Nearest train station

0.65 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £80,000

November 26, 2024

Floor Plans

Description

Vicinity Homes are delighted to offer to the market this three bedroom mid terrace house situated within a popular residential area to the South of Carlisle City Centre. The property is close to a range of local amenities, regular bus route, popular Primary & Secondary Schools and has excellent access to the City Centre. The accommodation briefly comprises of an entrance vestibule, hallway, dining lounge, kitchen, rear hall and bathroom. To the first floor there are three bedrooms. The property also benefits from double glazing, central heating, front forecourt and a rear yard. The property does require some modernisation which is reflected in the asking price. The property is offered to the market with no onward chain and would be an ideal purchase for first time buyers or investors.

Directions - From Carlisle City Centre proceed South along Botchergate and turn left onto St Nicholas Street. Continue on this road, turn left onto Regent Street and right onto Gloucester Road. Continue straight ahead onto Clementina Terrace, the property is situated on the left hand side and can be identified by our “For Sale” sign.

Entrance Vestibule - Approached by a door to front.

Hallway - Incorporating a radiator and door way to the stair case.

Dining Lounge - 6.874m x 3.478m (22'6" x 11'4") - Incorporating a double glazed window to rear, two double glazed windows to front, two radiators and a feature fireplace.

Rear Hallway - Incorporating a door to side and built in storage cupboard.

Kitchen - 3.934m x 2.337m (12'10" x 7'8") - Incorporating a range of fitted wall and base units with work surface over, oven point and sink unit with mixer tap. Tiled splash areas, two double glazed windows to side, radiator and under stairs storage cupboard.

Bathroom - 2.233m x 1.846m (7'3" x 6'0") - Incorporating a three piece suite comprising of a bath, pedestal wash hand basin and WC. Double glazed obscured window to side, radiator and tiled splash areas,

First Floor Landing - Incorporating a double glazed obscured window to side, built in storage cupboard and loft access.

Bedroom One - 4.231m x 3.105m (13'10" x 10'2") - A double bedroom incorporating a double glazed window to front, radiator and store area.

Bedroom Two - 3.608m x 2.243m min (11'10" x 7'4" min) - A double bedroom incorporating a double glazed window to rear, radiator and store area.

Bedroom Three - 2.622m x 2.342m (8'7" x 7'8") - Incorporating a double glazed window to rear and a radiator.

Outside - The property is approached by a front forecourt. To he rear of the property there is an enclosed yard with an outside tap and gated access to the rear.

Floor Plan - Please note, the floor plan is not to scale and should be used for illustrative purposes only.

Epc Band D -

Tenure - The property is Freehold.

Council Tax - The property is in Council Tax Band A.

Viewings - Strictly through arranged appointments by Vicinity Homes. To arrange a viewing, please contact: T: or E: .

Referral Fees - We routinely refer potential purchasers to Mortgage Advisers - Fisher Financial Associates. It is your decision whether you choose to deal with Fisher Financial Associates. In making that decision, you should know that we will receive commission from the company worth approximately £50 depending on any business written.
Referral Fees - Vicinity Homes work with preferred conveyancers for a house sale or purchase. You are under no obligation to use their services. Should you choose to use them, Vicinity Homes Estate Agents will receive a referral fee of between £120.00 to £150.00 on completion of a sale or purchase.

Misrepresentation Act 1967 - These particulars, whilst believed to be accurate, are set out for guidance only and do not constitute any part of an offer or contract - intending purchasers should not rely on them as statements or representations of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All electrical appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.

Free, No Obligation Valuation - We would be pleased to provide you with a free, no obligation valuation for your home. Please contact Vicinity Homes on or via email to to arrange an appointment.

Mailing List - To register your buying information and receive updates on all our available properties, please contact Vicinity Homes on or via email to .

Agent Details

Vicinity Homes, Carlisle

01228 276973

Next Steps?

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