2 Bed Terraced House, Refurb/BRRR, Carlisle, CA1 2PS, £110,000

Petteril Terrace, Carlisle, CA1 2PS - 3 views - 4 months ago

Sold STC
Refurb/BRRR
ROI: 4%
~68 m²
+7 photos

ValuationOvervalued

Sold Prices£48.5K - £123K
Sold Prices/m²£735/m² - £1.8K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.6K/m²

Value Estimate

£78,260

 

 

End Value (After Refurb)

£91,226

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£4,500

Refurb Costs

£26,805

Bridging Loan Interest

£2,888

Total Cash In

£63,442

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£91,226

Mortgage (After Refinance)

£68,419

Mortgage LTV

75%

Cash Left In

£63,442

Equity

£22,806

Rent Range

£500 - £950

Rent Estimate

£654

Running Costs/mo

£436

Cashflow/mo

£218

Cashflow/yr

£2,617

ROI

4%

Gross Yield

7%

Local Sold Prices

50 sold prices from £48.5K to £123K, average is £85K. £735/m² to £1.8K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£123K03/230.16 mi11, Herbert Street, Carlisle, Cumberland CA1 2QE2
£110K06/210.36 mi3, Mayfield Avenue, Carlisle, Cumbria CA1 3NB2
£80K03/230.36 mi67, Mayfield Avenue, Carlisle, Cumberland CA1 3LZ2
£118K01/230.36 mi47, Mayfield Avenue, Carlisle, Cumbria CA1 3NB2
£72K01/210.37 mi17, Delagoa Street, Carlisle, Cumbria CA1 2LZ2
£85K03/210.37 mi15, Delagoa Street, Carlisle, Cumbria CA1 2LZ2
£110K03/210.38 mi18, Broome Court, Carlisle, Cumbria CA1 2RA2
£110K05/210.38 mi10, Broome Court, Carlisle, Cumbria CA1 2RA2
£100K11/200.38 mi2, Broome Court, Carlisle, Cumbria CA1 2RA2
£70K03/230.38 mi34, Lindisfarne Street, Carlisle, Cumberland CA1 2ND2
£88.5K03/230.38 mi50, Lindisfarne Street, Carlisle, Cumbria CA1 2ND2
£105K03/230.39 mi40, Mayfield Avenue, Carlisle, Cumberland CA1 3LU2
£74K12/200.39 mi46, Mayfield Avenue, Carlisle, Cumbria CA1 3LU2
£110K12/220.39 mi36, Mayfield Avenue, Carlisle, Cumbria CA1 3LU2
£60K10/210.41 mi42, Oswald Street, Carlisle, Cumbria CA1 2LU2
£68K03/210.41 mi9, Adelaide Street, Carlisle, Cumbria CA1 2DR2
£75K08/210.42 mi67, Thomson Street, Carlisle, Cumbria CA1 2LP2
£75K11/200.42 mi72, Thomson Street, Carlisle, Cumbria CA1 2LP2
£85K05/230.43 mi3, Hasell Street, Carlisle, Cumberland CA2 4HB2
£85K03/230.43 mi26, Thomson Street, Carlisle, Cumbria CA1 2LW2
£75K11/210.43 mi14, Thomson Street, Carlisle, Cumbria CA1 2LW2
£81.5K10/210.43 mi59, Thomson Street, Carlisle, Cumbria CA1 2LW2
£95K04/230.43 mi64, Thomson Street, Carlisle, Cumberland CA1 2LW2
£86.5K09/210.44 mi84, Sybil Street, Carlisle, Cumbria CA1 2DS2
£97.8K05/230.44 mi84, Sybil Street, Carlisle, Cumberland CA1 2DS2
£108K07/230.44 mi42, Sybil Street, Carlisle, Cumberland CA1 2DS2
£68K04/210.44 mi2, David Street, Carlisle, Cumbria CA1 2LR2
£83K05/210.44 mi53, Alexander Street, Carlisle, Cumbria CA1 2LJ2
£72K07/210.45 mi31, Sybil Street, Carlisle, Cumbria CA1 2DT2
£71K06/210.46 mi38, Alexander Street, Carlisle, Cumbria CA1 2LH2
£71K06/210.46 mi38, Alexander Street, Carlisle, Cumbria CA1 2LH2
£74.3K04/210.46 mi21, Alexander Street, Carlisle, Cumbria CA1 2LH2
£95K04/230.46 mi31, Alexander Street, Carlisle, Cumberland CA1 2LH2
£48.5K01/230.46 mi24, Linton Street, Carlisle, Cumbria CA1 2LY2
£97K11/200.47 mi22, Melbourne Road, Carlisle, Cumbria CA1 2DW2
£110K12/220.47 mi46, Melbourne Road, Carlisle, Cumbria CA1 2DW2
£85K03/230.49 mi77, Arnside Road, Carlisle, Cumberland CA1 3PS2
£99K02/210.49 mi36, Whinsmoor Drive, Carlisle, Cumbria CA1 3PX2
£98.5K08/230.49 mi20, Whinsmoor Drive, Carlisle, Cumberland CA1 3PX2
£90K11/200.49 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£80K11/210.49 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£95K06/230.49 mi35, Esther Street, Carlisle, Cumberland CA2 4HA2
£110K11/200.49 mi28, Esther Street, Carlisle, Cumbria CA2 4HA2
£70K06/230.5 mi8, Orchard Street, Carlisle, Cumberland CA1 2JL2
£73.1K11/200.51 mi2, Melrose Terrace, Carlisle, Cumbria CA1 2DP2
£85K01/230.51 mi2, Regent Street, Carlisle, Cumbria CA2 4HD2
£72.5K04/230.52 mi28, Harrison Street, Carlisle, Cumberland CA2 4EP2
£85K07/210.52 mi18, Harrison Street, Carlisle, Cumbria CA2 4EP2
£57.5K04/210.52 mi38, Harrison Street, Carlisle, Cumbria CA2 4EP2
£75.5K02/230.52 mi5, Robinson Street, Carlisle, Cumbria CA2 4ES2

Local Rents

35 rents from £500/mo to £950/mo, average is £675/mo.

RentDateDistanceAddressBeds 
£69503/240.23 miChertsey Grove, off London Road, Carlisle2
£85003/240.26 miHazel Grove, Harraby Green, Carlisle2
£55003/240.29 miLondon Road, Carlisle, CA12
£57003/240.31 miGrange Road, London Road, Carlisle2
£51002/240.37 mi-2
£53001/250.37 mi-2
£65003/240.37 miLindisfarne Street, Carlisle, Cumbria, CA12
£60003/240.37 miLindisfarne Court, Carlisle, CA12
£79511/240.4 mi-2
£67509/240.42 mi-2
£67509/240.42 mi-2
£67509/240.42 mi-2
£67503/240.43 miHasell Street, Carlisle2
£67504/240.43 miSybil Street, Carlisle, CA12
£62503/240.44 miThomson Street2
£62504/240.44 miSybil Street, Carlisle, CA12
£65005/240.46 miAlexander Street, Carlisle, CA12
£95004/250.47 mi-2
£95009/230.47 mi-2
£95002/250.47 mi-2
£95002/250.47 mi-2
£95003/250.47 mi-2
£85006/240.49 mi-2
£85002/250.49 mi-2
£67508/240.49 mi-2
£50002/230.5 mi-2
£52512/240.5 mi-2
£60004/240.52 miGreystone Road, Carlisle, CA12
£75005/230.52 mi-2
£62505/240.53 miRaven Street, Carlisle, CA12
£62505/240.53 miRaven Street, Carlisle, CA12
£62506/240.53 mi-2
£55003/230.57 mi-2
£59505/240.58 mi-2
£69506/240.59 mi-2

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

1.67 miles away

Nearest school

0.40 miles away

Nearest train station

0.99 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £110,000

December 4, 2024

Floor Plans

Description

  • VIDEO VIEWING AVAILABLE +
  • Two Bedroom End Terraced Home +
  • Garage | Separate Front Garden +
  • First Floor Bathroom +
  • Two Reception Rooms +
  • Conveniently Located South of City Close to Amenities +
  • Upgrading and Modernisation Required +
  • Excellent Potential +
  • NO ONWARD CHAIN +
  • EPC TBC | Freehold +

A two bedroom end of terraced home with a first floor bathroom, two reception rooms, rear garage and a separate front garden located to the south of the city just off London Road.  The home offers excellent potential and is ready to upgrade and make your own. There is plenty of on road parking and open spaces to the front of the home.  The property, in addition to the forecourt garden, also has a separate garden to the front across the pavement. The forecourt garden has a boundary fence and is paved to make this low maintenance.  From the front door you enter a porch, this further leads to the lounge which has a fireplace.  An opening leads to an under stairs storage cupboard and also the dining room.  The kitchen is off the dining room to the rear of the home. Upstairs off the landing are two bedrooms and a bathroom. Externally to the rear is a yard and a brick built garage/workshop which opens out to the side of the home. ROOM DIMENSIONS GROUND FLOOR Porch Lounge - 4.06m x 3.33m (13'4" x 10'11") Dining Room - 4.06m x 2.74m (13'4" x 9'0") Kitchen - 3.05m x 2.41m (10'0" x 7'11") FIRST FLOOR Landing Bedroom 1 - 4.06m x 3.33m (13'4" x 10'11") Bedroom 2 - 2.74m x 2.74m (9'0" x 9'0") Bathroom - 3.05m x 2.44m (10'0" x 8'0") what3words directions - ///begins.exam.froze Council Tax Band: A Please note:

All internal measurements are approximate and are cited to the nearest 3 inches.

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These property details, whilst understood to be accurate, are for guidance only and do not constitute any part of an offer or contract. Prospective purchasers cannot rely on them as statements or representations of fact, and all details must be verified through their legal representatives.

No person in the employment of Tiffen & Co Estate Agents has the authority to make or give any representation or warranty in relation to the property.

All appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.

Agent Details

Tiffen & Co, Carlisle

01228 936426

Next Steps?

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