2 Bed Flat, Single Let, Carlisle, CA2 5RY, £70,000

Willowbank, Carlisle, CA2 5RY - 1 views - 4 months ago

Sold STC

Leasehold

BTL

ROI: 9%

~68 m²

+8 photos

ValuationUndervalued

Sold Prices	£45.5K - £146.5K
Sold Prices/m²	£819/m² - £2.1K/m²

Square Metres	~68.11 m²
Price/m²	£1K/m²
Value Estimate	£86,100£86,100
BMV	23%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£17,500£17,500
Stamp Duty & Legal Fees	£4,700£4,700
Total Cash In	£22,200£22,200

Cash Out
Rent Range	£450 - £975£450 - £975
Rent Estimate	£516
Running Costs/mo	£342£342
Cashflow/mo	£174£174
Cashflow/yr	£2,089£2,089
ROI	9%9%
Gross Yield	9%9%

Local Sold Prices

28 sold prices from £45.5K to £146.5K, average is £74K. £819/m² to £2.1K/m², average is £1.4K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£64K	10/21	0.03 mi	Flat 8, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ	-	-	2	Flat
£73K	11/22	0.05 mi	Flat 5, Willow Court, Willow Holme Road, Willowholme, Carlisle, Cumbria CA2 5SQ	-	-	2	Flat
£115K	12/21	0.3 mi	Apartment 4 The Engine House, Shaddon Mill, Shaddongate, Carlisle, Cumbria CA2 5WF	-	-	2	Flat
£146.5K	12/22	0.3 mi	Apartment 5 East Block, Shaddon Mill, Shaddongate, Carlisle, Cumbria CA2 5WD	-	-	2	Flat
£78.4K	04/21	0.46 mi	3, Howard Court, Carlisle, Cumbria CA2 7AP	-	-	2	Flat
£73K	06/21	0.62 mi	13, Yew Tree Court, Carlisle, Cumbria CA2 5QA	£2,086	35	2	Flat
£45.5K	05/21	0.66 mi	23, Fairfield Gardens, Carlisle, Cumbria CA2 7EW	-	-	2	Flat
£67.5K	10/21	0.66 mi	20, Fairfield Gardens, Carlisle, Cumbria CA2 7EW	£1,227	55	2	Flat
£55K	09/21	0.7 mi	18, Lewis Court, Carlisle, Cumbria CA2 5ET	£979	56	2	Flat
£142K	04/21	0.73 mi	Ground Floor And Basement Flat, 51, Chiswick Street, Carlisle, Cumbria CA1 1HJ	-	-	2	Flat
£80K	05/22	0.83 mi	58, Bowscale Close, Carlisle, Cumbria CA3 9LJ	-	-	2	Flat
£70K	05/23	0.83 mi	13, Bowscale Close, Carlisle, Cumberland CA3 9LJ	-	-	2	Flat
£80K	10/22	0.84 mi	49, Bowscale Close, Carlisle, Cumbria CA3 9LJ	-	-	2	Flat
£58K	09/22	0.85 mi	14, Balmoral Court, Carlisle, Cumbria CA3 9PW	£853	68	2	Flat
£110K	05/22	0.87 mi	Flat 9, Edentown Court, Eden Street, Carlisle, Cumbria CA3 9LQ	-	-	2	Flat
£120K	01/21	0.87 mi	Flat 8, Edentown Court, Eden Street, Carlisle, Cumbria CA3 9LQ	-	-	2	Flat
£77.5K	05/22	0.87 mi	23, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,639	47	2	Flat
£75K	06/22	0.87 mi	17, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,389	54	2	Flat
£77.5K	05/22	0.87 mi	13, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,615	48	2	Flat
£76K	01/23	0.88 mi	19, Sunningdale Close, Carlisle, Cumbria CA3 9QP	£1,693	45	2	Flat
£63.5K	11/20	0.94 mi	4, Prescott Court, Carlisle, Cumbria CA2 6EN	£1,984	32	2	Flat
£48K	10/21	0.94 mi	43, Caldew Close, Carlisle, Cumbria CA3 9JL	-	-	2	Flat
£52.5K	02/23	0.94 mi	43, Caldew Close, Carlisle, Cumbria CA3 9JL	-	-	2	Flat
£48.5K	02/21	0.94 mi	31, Caldew Close, Carlisle, Cumbria CA3 9JL	£819	59	2	Flat
£70K	03/21	0.98 mi	30c, Edward Street, Carlisle, Cumbria CA1 2JE	£1,250	56	2	Flat
£55K	12/21	0.98 mi	30a, Edward Street, Carlisle, Cumbria CA1 2JE	£1,100	50	2	Flat
£86.5K	07/23	0.98 mi	Flat 3, Johnson Mill, Denton Mill Lane, Carlisle, Cumberland CA2 5NQ	£1,730	50	2	Flat
£133K	10/20	0.99 mi	Flat 31, Higginson Mill, Denton Mill Close, Carlisle, Cumbria CA2 5NZ	-	-	2	Flat

Local Rents

52 rents from £450/mo to £975/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£625	05/24	0 mi	Willowbank, CA2 5RY	2	Flat
£675	05/24	0.05 mi	-	2	Flat
£695	01/25	0.05 mi	-	2	Flat
£695	02/25	0.05 mi	-	2	Flat
£675	04/24	0.05 mi	Bridge Lane, Carlisle, CA2	2	Flat
£750	04/24	0.19 mi	Milbourne Court, Milbourne Street, Carlisle	2	Flat
£695	11/24	0.22 mi	-	2	Terraced House
£725	01/25	0.22 mi	-	2	Terraced House
£600	05/24	0.22 mi	Morton Street, Carlisle, CA2	2	Terraced House
£850	11/24	0.22 mi	-	2	Terraced House
£450	04/24	0.23 mi	Hawick Street, Carlisle, CA2	2	Terraced House
£600	03/24	0.25 mi	Castle Street, Carlisle	2	Flat
£950	02/25	0.26 mi	-	2	Detached House
£895	03/25	0.26 mi	-	2	Detached House
£575	03/24	0.26 mi	Kendal Street, Carlisle	2	Terraced House
£495	03/23	0.27 mi	-	2	Flat
£799	01/25	0.28 mi	-	2	Flat
£650	03/24	0.29 mi	Port Road, Carlisle, CA2	2	Terraced House
£650	03/24	0.29 mi	Port Road, Carlisle, CA2	2	Terraced House
£975	05/24	0.3 mi	-	2	Flat
£975	05/24	0.3 mi	Shaddon Mill, Carlisle, CA2	2	Flat
£695	01/24	0.3 mi	-	2	Flat
£600	03/24	0.3 mi	Canal Court, Infirmary Street, CA2	2	Flat
£550	04/24	0.3 mi	Canal Court, Off Newtown Road, Carlisle	2	Flat
£565	12/24	0.3 mi	Newcastle Street, Carlisle, Cumbria, CA2	2	Terraced House
£595	11/23	0.31 mi	-	2	Terraced House
£695	02/24	0.36 mi	-	2	Flat
£675	07/23	0.37 mi	-	2	Terraced House
£595	05/24	0.38 mi	Granville Road, Carlisle, CA2	2	Flat
£575	04/24	0.4 mi	Scotch Street, Carlisle	2	Flat
£625	05/24	0.44 mi	Peel Street, Carlisle	2	Terraced House
£595	05/24	0.44 mi	Peel Street, Carlisle	2	Terraced House
£675	08/24	0.48 mi	-	2	Terraced House
£500	03/24	0.49 mi	Crummock Street, Carlisle	2	Terraced House
£530	01/25	0.49 mi	-	2	Terraced House
£525	07/24	0.49 mi	-	2	Terraced House
£650	04/24	0.5 mi	Sheffield Street, Carlisle	2	Flat
£650	04/24	0.5 mi	Sheffield Street, Carlisle	2	Flat
£575	03/24	0.5 mi	Clift Street, Carlisle	2	Terraced House
£750	07/24	0.5 mi	-	2	Terraced House
£575	03/24	0.53 mi	Nelson Court, Carlisle, CA2	2	Flat
£550	03/24	0.54 mi	Lawson Street, Carlisle	2	Terraced House
£750	03/24	0.56 mi	Collin Place, Off Newtown Road, Carlisle	2	Flat
£550	12/24	0.58 mi	Carlisle, Cumbria, CA2	2	Terraced House
£525	03/24	0.58 mi	Wilson Street, Carlisle	2	Flat
£600	03/24	0.59 mi	Buttermere Close, Carlisle	2	Terraced House
£695	05/24	0.6 mi	Greta Avenue, Carlisle	2	Semi-Detached House
£595	03/24	0.6 mi	Collingwood Street, Carlisle, CA2	2	Terraced House
£595	03/24	0.6 mi	Collingwood Street, Carlisle, CA2	2	Terraced House
£650	03/24	0.61 mi	-	2	Terraced House
£650	03/24	0.61 mi	Nelson Street, Carlisle, CA2	2	Terraced House
£650	05/24	0.61 mi	Spencer House, St Pauls Square, Carlisle	2	Flat

Local Area Statistics

Population in CA2	39,64639,646
Population in Carlisle	103,015103,015
Town centre distance	0.35 miles away0.35 miles away
Nearest school	0.20 miles away0.20 miles away
Nearest train station	0.59 miles away0.59 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Price changed to £70,000

January 23, 2025

Listed for £80,000

December 6, 2024

Description

Second floor apartment +
Two bedrooms +
Secure under cover parking +
Open plan living +
Double glazed and electric heated +
No onward chain +

A two bedroom, second floor apartment situated within walking distance of Carlisle Castle, Cumberland Infirmary, Sainsburys supermarket and other local amenities. The double glazed and electric heated accommodation briefly comprises secure communal entrance with staircase to the second floor, private entrance hall, open plan lounge/dining kitchen, two bedrooms and shower room. The property also benefits from secure under cover parking and dual aspect views over the city. An ideal first time buy or investment opportunity as a buy to let. The accommodation with approximate measurements briefly comprises: Secure communal entrance door into the communal entrance hallway with staircase to the second floor apartment.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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

Similar Properties

Like this property? Maybe you'll like these ones close by too.

2 Bed Flat, Single Let, Carlisle, CA2 5SW

£89,950

1 views • 2 months ago • 68 m²

2 Bed Flat, Single Let, Carlisle, CA2 5SW

£95,000

7 views • a year ago • 75 m²

Sold STC

2 Bed House, Single Let, Carlisle, CA2 5UN

£73,000

3 views • 2 months ago • 68 m²

2 Bed House, Single Let, Carlisle, CA2 5UP

£85,000

1 views • 16 days ago • 68 m²

2 Bed Flat, Single Let, Carlisle, CA2 5RY, £70,000

ValuationUndervalued

CashflowsOpen in Analyser

Local Sold PricesDownload Show map

Local RentsDownload Show map

Links

Local Area Statistics

Property History

Description

Agent Details

Next Steps?

Similar Properties

2 Bed Flat, Single Let, Carlisle, CA2 5SW

2 Bed Flat, Single Let, Carlisle, CA2 5SW

2 Bed House, Single Let, Carlisle, CA2 5UN

2 Bed House, Single Let, Carlisle, CA2 5UP

Cashflows

Local Sold Prices

Local Rents