3 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 7DU, £89,950

1 Balfour Road, Carlisle, Cumbria, CA2 7DU - 8 views - 4 months ago

Sold STC
Refurb/BRRR
Negative Equity
ROI: 8%
71 m²
+10 photos

ValuationFair Value

Sold Prices£46K - £237.5K
Sold Prices/m²£648/m² - £2.6K/m²

 

 

Square Metres

71.24 m²
Price/m²£1.3K/m²

Value Estimate

£90,850

 

 

End Value (After Refurb)

£93,989

Uplift in Value

+4%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£22,488

Stamp Duty & Legal Fees

£3,899

Refurb Costs

£27,883

Bridging Loan Interest

£2,361

Total Cash In

£58,380

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£93,989

Mortgage (After Refinance)

£70,492

Mortgage LTV

75%

Cash Released

£3,029

Cash Left In

£55,351

Equity

£23,497

Rent Range

£650 - £1,200

Rent Estimate

£867

Running Costs/mo

£487

Cashflow/mo

£380

Cashflow/yr

£4,559

ROI

8%

Gross Yield

12%

Local Sold Prices

50 sold prices from £46K to £237.5K, average is £131.5K. £648/m² to £2.6K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£77.5K08/210 mi28, Balfour Road, Carlisle, Cumbria CA2 7DU3
£114K11/210 mi10, Balfour Road, Carlisle, Cumbria CA2 7DU3
£93K02/210 mi2, Balfour Road, Carlisle, Cumbria CA2 7DU3
£105K02/210.1 mi67, Creighton Avenue, Carlisle, Cumbria CA2 7DR3
£157K09/210.11 mi123, Wigton Road, Carlisle, Cumbria CA2 7EL3
£147.5K04/230.14 mi5, Orton Road, Carlisle, Cumberland CA2 7EZ3
£46K04/230.15 mi20, Raffles Avenue, Carlisle, Cumberland CA2 7EB3
£154.9K04/230.15 mi10, Eskdale Avenue, Carlisle, Cumberland CA2 5RA3
£155K03/210.15 mi4, Wheatlands, Carlisle, Cumbria CA2 7ER3
£97K01/210.17 mi51, Mardale Road, Carlisle, Cumbria CA2 7DP3
£115K04/210.18 mi120, Dunmail Drive, Carlisle, Cumbria CA2 6DQ3
£160K11/200.18 mi119, Dunmail Drive, Carlisle, Cumbria CA2 6DQ3
£115K01/210.21 mi17, Mardale Road, Carlisle, Cumbria CA2 7DN3
£124K09/210.23 mi53, Inglewood Crescent, Carlisle, Cumbria CA2 6JL3
£116K04/210.24 mi4, Wastwater Close, Carlisle, Cumbria CA2 5QJ3
£105K01/210.24 mi14, Thomlinson Avenue, Carlisle, Cumbria CA2 7BF3
£76K03/230.24 mi93, Bower Street, Carlisle, Cumberland CA2 7DF3
£150K05/210.25 mi52, Inglewood Crescent, Carlisle, Cumbria CA2 6JJ3
£115K11/200.25 mi36, Inglewood Crescent, Carlisle, Cumbria CA2 6JJ3
£138K03/210.27 mi93, Dunmail Drive, Carlisle, Cumbria CA2 6DG3
£162K10/210.27 mi76, Dunmail Drive, Carlisle, Cumbria CA2 6DG3
£220K06/230.27 mi62, Dunmail Drive, Carlisle, Cumberland CA2 6DG3
£162K06/210.27 mi78, Dunmail Drive, Carlisle, Cumbria CA2 6DG3
£200K07/210.28 mi15, Crosshill Drive, Carlisle, Cumbria CA2 6RS3
£200K07/230.28 mi10, Crosshill Drive, Carlisle, Cumberland CA2 6RS3
£125K01/210.29 mi13, Abbots Road, Carlisle, Cumbria CA2 5PZ3
£90K07/210.29 mi24, Cranbourne Road, Carlisle, Cumbria CA2 7JN3
£110K04/230.3 mi21, Marks Avenue, Carlisle, Cumberland CA2 7HS3
£120K03/210.31 mi5, Greta Avenue, Carlisle, Cumbria CA2 5RJ3
£237.5K07/230.32 mi66, Skiddaw Road, Carlisle, Cumberland CA2 5QS3
£90K11/200.33 mi65, Peel Street, Carlisle, Cumbria CA2 7AS3
£160K11/210.34 mi115, Orton Road, Carlisle, Cumbria CA2 7HD3
£135K07/230.34 mi120, Orton Road, Carlisle, Cumberland CA2 7HD3
£126K12/200.34 mi99, Orton Road, Carlisle, Cumbria CA2 7HD3
£200K01/230.34 mi119, Orton Road, Carlisle, Cumbria CA2 7HD3
£141K01/210.34 mi39, Bedford Road, Carlisle, Cumbria CA2 5QD3
£112.5K10/210.34 mi44, Bedford Road, Carlisle, Cumbria CA2 5QD3
£128K12/200.35 mi50, Newtown Road, Carlisle, Cumbria CA2 7JL3
£152.5K11/200.35 mi64, Wigton Road, Carlisle, Cumbria CA2 7AX3
£117.5K12/200.35 mi62, Wigton Road, Carlisle, Cumbria CA2 7AX3
£125K07/210.35 mi26, Newtown Road, Carlisle, Cumbria CA2 7JH3
£140K07/230.35 mi38, Newtown Road, Carlisle, Cumberland CA2 7JH3
£223K05/230.35 mi57, Dunmail Drive, Carlisle, Cumberland CA2 6DF3
£87.2K05/230.35 mi25, Monksclose Road, Carlisle, Cumberland CA2 7BZ3
£180K01/210.36 mi6, Nairn Way, Carlisle, Cumbria CA2 6RU3
£186K07/210.36 mi2, Kirkstone Crescent, Carlisle, Cumbria CA2 5QW3
£118K03/210.37 mi17, Egerton Grove, Carlisle, Cumbria CA2 6TF3
£142K06/210.37 mi42, Park Road, Carlisle, Cumbria CA2 6DS3
£189.9K04/210.38 mi5, Kaye Close, Carlisle, Cumbria CA2 6RY3
£202K06/230.39 mi15, Skiddaw Road, Carlisle, Cumberland CA2 5QF3

Local Rents

32 rents from £650/mo to £1.2K/mo, average is £895/mo.

RentDateDistanceAddressBeds 
£75005/240.19 miCreighton Avenue, Carlisle3
£70005/240.22 miBrookside, Carlisle, CA23
£65006/230.3 mi-3
£83501/240.3 mi-3
£89505/240.3 mi-3
£89502/250.3 mi-3
£85003/250.3 mi-3
£90004/240.34 miNewtown Road, Carlisle, CA23
£75003/240.37 miEgerton Grove, Carlisle3
£75003/240.37 miEgerton Grove, Carlisle3
£75003/240.37 miEgerton Grove, Carlisle3
£85003/240.41 miBedford Road, Carlisle3
£85003/240.41 miBedford Road, Carlisle3
£65003/240.41 miSkiddaw Road, Carlisle, CA23
£79504/230.42 mi-3
£89504/230.43 mi-3
£1,15003/250.48 mi-3
£67006/230.5 mi-3
£99508/230.53 mi-3
£85004/240.53 miWigton Road, Carlisle, CA23
£69508/230.54 mi-3
£89503/240.54 miSt James Avenue, Carlisle3
£1,20005/240.55 miParham Drive, Carlisle3
£1,10003/240.56 miDunlin Close, Carlisle, CA23
£95003/240.56 miSanderling Walk, Carlisle, CA23
£97503/240.57 miSanderling Close, Carlisle, CA23
£95004/240.58 miSanderling Close, Carlisle, CA23
£97503/240.58 miSanderling Close, Carlisle, CA23
£95005/240.58 miSanderling Close, Carlisle, CA23
£92503/240.58 miSanderling Close, Cumbria, CA23
£99503/240.61 mi6 Sanderling Close, Carlisle, Cumbria, CA23
£99503/240.61 miSanderling Close, Carlisle, Cumbria, CA23

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

1.07 miles away

Nearest school

0.10 miles away

Nearest train station

1.08 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £89,950

-17%

December 4, 2024

Sold for £105,000

2011

Sold for £112,000

2008

Sold for £97,500

2006

Sold for £59,950

2003

Floor Plans

Description

  • No Onward Chain +
  • Three Bedroom Semi-Detached +
  • Large Plot +
  • Garage and Driveway +
  • In Need of Updating Throughout +
  • Downstairs WC +

OVERVIEW
Arguably a fantastic plot with huge potential this three bedroom semi-detached is ready for some new owners to inject some Christmas magic. The accommodation comprises entrance vestibule leading to a large living room, fully fitted kitchen, downstairs WC and handy understairs storage. To the first floor you will find two double bedrooms, a single bedroom and sizeable family bathroom. Externally you are spoiled for space with a wide driveway extending the depth of the property leading to a detached brick built garage, rear garden as well as a smaller front garden.  USEFUL INFORMATION
The property benefits from gas central heating. Sold with no onward chain. PLEASE NOTE
1. These particulars have been prepared in good faith as a general guide; they are not exhaustive and include informtion provided to us by other parties including the seller, not all of which will have been verified by us. They do not form part of any offer or contract and should not be relied upon as statements of fact. 2. We have not carried out a detailed or structural survey, we have not tested any services, appliances or fittings and we have not verified all statutory approvals or consents. Measurements, floorplans, orientation and distances are given as an approximate only and should not be relied on. 3. The photographs are not necessarily comprehensive or current, aspects may have changed since the photographs were taken. No assumption should be made that any contents are included in the sale. 4. Prospective purchasers should satisfy themselves by inspection, searches, enquiries, surveys and professional advice about all relevant aspects of the property EPC rating: D. Tenure: Freehold,

Agent Details

Northwood, Carlisle

01228 279058

Next Steps?

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