2 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 4BY, £120,000

Lund Crescent, Carlisle, CA2 4BY - 4 months ago

Refurb/BRRR

ROI: 1%

~68 m²

+1 photos

ValuationOvervalued

Sold Prices	£53K - £130.5K
Sold Prices/m²	£804/m² - £2.2K/m²

Square Metres	~68.11 m²
Price/m²	£1.8K/m²
Value Estimate	£80,003£80,003

End Value (After Refurb)	£126,250£126,250
Uplift in Value	+-6%+-6%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£30,000£30,000
Stamp Duty & Legal Fees	£5,250£5,250
Refurb Costs	£26,658£26,658
Bridging Loan Interest	£3,150£3,150
Total Cash In	£66,808£66,808

Cash Out
Monetisation	FlipRefinance & RentRefinance & Rent
Revaluation	£126,250£126,250
Mortgage (After Refinance)	£94,688£94,688
Mortgage LTV	75%75%
Cash Released	£4,688£4,688
Cash Left In	£62,121£62,121
Equity	£31,563£31,563
Rent Range	£500 - £725£500 - £725
Rent Estimate	£627
Running Costs/mo	£540£540
Cashflow/mo	£87£87
Cashflow/yr	£1,045£1,045
ROI	2%2%
Gross Yield	6%6%

Local Sold Prices

50 sold prices from £53K to £130.5K, average is £92K. £804/m² to £2.2K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£83K	04/21	0.07 mi	9, Coney Street, Carlisle, Cumbria CA2 4BQ	£1,092	76	2	Semi-Detached House
£71K	03/23	0.07 mi	10, Coney Street, Carlisle, Cumberland CA2 4BQ	£1,108	64	2	Terraced House
£89K	06/23	0.07 mi	9, Coney Street, Carlisle, Cumberland CA2 4BQ	£1,171	76	2	Semi-Detached House
£92.5K	03/23	0.1 mi	13, Lediard Avenue, Carlisle, Cumberland CA2 4BP	-	-	2	Semi-Detached House
£128.3K	11/20	0.12 mi	48, Currock Road, Carlisle, Cumbria CA2 4BJ	£994	129	2	Terraced House
£125K	07/23	0.13 mi	21, Red Bank Terrace, Carlisle, Cumberland CA2 4BD	£1,387	90	2	Terraced House
£107K	02/23	0.14 mi	12, Maryport Cottages, Carlisle, Cumbria CA2 5LH	£1,507	71	2	Terraced House
£53K	02/23	0.16 mi	16, Bousteads Grassing, Carlisle, Cumbria CA2 5LQ	-	-	2	Semi-Detached House
£130K	09/21	0.22 mi	32, Grasmere Street, Carlisle, Cumbria CA2 4AR	£1,398	93	2	Terraced House
£88K	08/21	0.27 mi	1, Maitland Street, Carlisle, Cumbria CA2 4ED	-	-	2	Terraced House
£56K	04/21	0.27 mi	13, Boundary Road, Carlisle, Cumbria CA2 4HH	£903	62	2	Terraced House
£116K	02/23	0.28 mi	7, Arthur Street, Carlisle, Cumbria CA2 4AN	£1,138	102	2	Terraced House
£101K	02/21	0.31 mi	5, Shankly Road, Carlisle, Cumbria CA2 5SL	£1,772	57	2	Semi-Detached House
£125K	04/23	0.31 mi	88, Boundary Road, Carlisle, Cumberland CA2 4HT	£1,374	91	2	Terraced House
£115K	07/21	0.31 mi	88, Boundary Road, Carlisle, Cumbria CA2 4HT	£1,264	91	2	Terraced House
£100K	03/21	0.33 mi	34, Clementina Terrace, Carlisle, Cumbria CA2 4EN	£1,190	84	2	Terraced House
£97.5K	08/21	0.33 mi	29, East Dale Street, Carlisle, Cumbria CA2 5JZ	£1,413	69	2	Terraced House
£82K	10/21	0.33 mi	35, East Dale Street, Carlisle, Cumbria CA2 5JZ	£804	102	2	Semi-Detached House
£73K	02/21	0.35 mi	3, Stokoe Court, Carlisle, Cumbria CA2 5SE	£1,595	46	2	Terraced House
£85K	05/23	0.35 mi	80, Harrison Street, Carlisle, Cumberland CA2 4ER	£1,232	69	2	Terraced House
£105.5K	01/21	0.36 mi	11, Beveridge Road, Carlisle, Cumbria CA2 5SA	£1,819	58	2	Semi-Detached House
£110K	06/21	0.38 mi	39, Dale Street, Carlisle, Cumbria CA2 5JT	£1,375	80	2	Terraced House
£95K	02/23	0.38 mi	175, Denton Street, Carlisle, Cumbria CA2 5JP	£1,248	76	2	Terraced House
£75.5K	02/23	0.39 mi	5, Robinson Street, Carlisle, Cumbria CA2 4ES	£1,067	71	2	Terraced House
£103K	02/23	0.39 mi	6, Wadsworth Road, Carlisle, Cumbria CA2 5SF	£2,239	46	2	Terraced House
£63K	06/21	0.4 mi	51, Gloucester Road, Carlisle, Cumbria CA2 4EW	£910	69	2	Terraced House
£72.5K	04/23	0.4 mi	28, Harrison Street, Carlisle, Cumberland CA2 4EP	£1,080	67	2	Terraced House
£85K	07/21	0.4 mi	18, Harrison Street, Carlisle, Cumbria CA2 4EP	£1,181	72	2	Terraced House
£57.5K	04/21	0.4 mi	38, Harrison Street, Carlisle, Cumbria CA2 4EP	-	-	2	Terraced House
£74K	03/21	0.41 mi	31, Garfield Street, Carlisle, Cumbria CA2 5EY	£993	75	2	Terraced House
£95K	01/21	0.41 mi	9, Garfield Street, Carlisle, Cumbria CA2 5EY	£1,508	63	2	Terraced House
£72K	08/21	0.41 mi	21, Garfield Street, Carlisle, Cumbria CA2 5EY	£1,075	67	2	Terraced House
£90K	11/20	0.41 mi	25, Esther Street, Carlisle, Cumbria CA2 4HA	£1,429	63	2	Terraced House
£80K	11/21	0.41 mi	25, Esther Street, Carlisle, Cumbria CA2 4HA	£1,270	63	2	Terraced House
£95K	06/23	0.41 mi	35, Esther Street, Carlisle, Cumberland CA2 4HA	£1,462	65	2	Terraced House
£110K	11/20	0.41 mi	28, Esther Street, Carlisle, Cumbria CA2 4HA	£1,549	71	2	Semi-Detached House
£99K	11/20	0.42 mi	27, Constable Street, Carlisle, Cumbria CA2 6AB	£1,053	94	2	Terraced House
£85K	01/23	0.43 mi	2, Regent Street, Carlisle, Cumbria CA2 4HD	£1,269	67	2	Terraced House
£130.5K	02/21	0.43 mi	88, Richardson Street, Carlisle, Cumbria CA2 6AG	£1,267	103	2	Terraced House
£79K	03/23	0.44 mi	9, East Nelson Street, Carlisle, Cumberland CA2 5EJ	£1,295	61	2	Terraced House
£82K	12/20	0.46 mi	23, Westmorland Street, Carlisle, Cumbria CA2 5HN	£891	92	2	Terraced House
£110K	07/23	0.47 mi	9, Metcalfe Street, Carlisle, Cumberland CA2 5EU	£1,028	107	2	Terraced House
£93K	12/20	0.47 mi	20, Richardson Street, Carlisle, Cumbria CA2 6AA	£939	99	2	Terraced House
£85K	05/23	0.49 mi	3, Hasell Street, Carlisle, Cumberland CA2 4HB	-	-	2	Terraced House
£87K	05/21	0.51 mi	5, Upperby Way, Carlisle, Cumbria CA2 4GJ	£1,673	52	2	Semi-Detached House
£98K	04/21	0.53 mi	24, Nelson Street, Carlisle, Cumbria CA2 5NA	£1,361	72	2	Terraced House
£126.5K	01/23	0.53 mi	52, Nelson Street, Carlisle, Cumbria CA2 5NA	-	-	2	Terraced House
£100K	04/21	0.53 mi	8, Thomas Street, Carlisle, Cumbria CA2 5DZ	£1,299	77	2	Semi-Detached House
£91K	11/21	0.53 mi	20, Trafalgar Street, Carlisle, Cumbria CA2 5XY	£1,197	76	2	Terraced House
£91.5K	03/21	0.53 mi	24, Trafalgar Street, Carlisle, Cumbria CA2 5XY	£1,130	81	2	Semi-Detached House

Local Rents

35 rents from £500/mo to £725/mo, average is £625/mo.

Rent	Date	Distance	Address	Beds	Type
£695	04/24	0.17 mi	Thirlmere Street, Carlisle	2	Terraced House
£725	05/24	0.18 mi	-	2	Terraced House
£725	05/24	0.18 mi	Mayson Street, Carlisle, CA2	2	Terraced House
£650	04/24	0.18 mi	-	2	Terraced House
£625	03/24	0.21 mi	Blackwell Road, Carlisle	2	Flat
£625	04/24	0.21 mi	Blackwell Road, Carlisle	2	Terraced House
£525	04/24	0.23 mi	Montreal Street, Currock	2	Terraced House
£650	04/24	0.24 mi	Montreal Street, Carlisle	2	Terraced House
£650	04/24	0.24 mi	Montreal Street, Carlisle	2	Terraced House
£650	04/24	0.24 mi	Montreal Street, Carlisle	2	Terraced House
£625	04/24	0.29 mi	Waterside House, Denton Holme, Carlisle	2	Flat
£625	03/24	0.32 mi	Blackwell Road, Carlisle	2	Detached House
£595	03/24	0.32 mi	Higginson Mill, Denton Mill Close, Carlisle	2	Flat
£595	05/24	0.35 mi	-	2	Terraced House
£625	05/24	0.35 mi	Hope Street, Denton Holme, Carlisle	2	Terraced House
£625	12/24	0.35 mi	Hope Street, Denton Holme, Carlisle	2	Terraced House
£650	03/24	0.36 mi	Caldew Maltings, Denton Holme, Carlisle	2	Flat
£600	03/24	0.39 mi	8 East Norfolk Street, CA2	2	Terraced House
£650	03/24	0.39 mi	Wadsworth Road, Carlisle	2	Flat
£595	04/24	0.39 mi	Wadsworth Road, Carlisle, CA2	2	Terraced House
£650	03/24	0.41 mi	Carrick Square, Carlisle, Cumbria, CA2 6AZ	2	Flat
£695	04/24	0.41 mi	Attwood Place, Carlisle, Cumbria, CA2 6FB	2	Flat
£500	02/23	0.41 mi	-	2	Terraced House
£525	12/24	0.41 mi	-	2	Terraced House
£550	03/24	0.41 mi	Garfield Street, Carlisle, Cumbria, CA2	2	Terraced House
£675	04/25	0.42 mi	-	2	Terraced House
£550	12/24	0.46 mi	-	2	Flat
£695	03/24	0.47 mi	Attwood Place, Carlisle, Cumbria, CA2	2	Flat
£675	03/24	0.49 mi	Hasell Street, Carlisle	2	Flat
£595	03/24	0.52 mi	Collingwood Street, Carlisle, CA2	2	Terraced House
£595	03/24	0.52 mi	Collingwood Street, Carlisle, CA2	2	Terraced House
£650	03/24	0.52 mi	-	2	Terraced House
£650	03/24	0.52 mi	Nelson Street, Carlisle, CA2	2	Terraced House
£600	04/24	0.53 mi	Henderson Road, Carlisle, CA2	2	Terraced House
£600	03/24	0.54 mi	8 Colville Terrace, CA2	2	Terraced House

Local Area Statistics

Population in CA2	39,64639,646
Population in Carlisle	103,015103,015
Town centre distance	1.40 miles away1.40 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	0.69 miles away0.69 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 £120,000

March 16, 2025

Price changed to £124,500

February 4, 2025

Price changed to £130,000

January 8, 2025

Listed for £135,000

December 10, 2024

Sold for £85,000

2019

Sold for £71,500

2013

Floor Plans

Description

Almost Complete Renovation +
New Kitchen +
New Bathroom +
New Cloakroom +
All New Carpets +
Driveway For Four Cars +
Large Rear Garden +
Close To Amenities +
Quiet Location +
Utility Room +

The Property
A deceptively large two bedroom home undergoing full refurbishment, almost complete.

Property comprises living room (with under stairs storage) leading to dining room/kitchen which then leads on to downstairs cloakroom, through to utility room and into conservatory. Side access to patio area and shed.
Outside is mostly laid to lawn except for wide path leading from back door to second shed and dog kennel.
The house is not overlooked at the back of the property and the garden is fully enclosed. Upstairs are two large bedrooms (master bedroom with walk-in wardrobe) with a very good sized shower room with walk-in shower and storage cupboard. Gas central heating and double glazing. Off-road parking for up to four cars.

Dimensions:
Living room 3.92m (12'10") by 4.05m (8'9")
Dining room/ kitchen 5.5m (18'1") by 2.66m (8'9")
Toilet 81cm (2'8") by 1.53m (5')
Utility 1.48m (4'11") by 1.89m (6'3")
Conservatory 2.89m (9'6") by 2.93m (9'8")
Bedroom 1 5.44m (17'11.5") by 2.68m (8'10")
Bedroom 2 4m (13'2") by 2.44m (8')
Shower room 2.99m(9'10") by 2.91m (9'7")
Must be viewed to fully appreciate the work undertaken.
Click on brochure to book a viewing.

Property Description Disclaimer

This is a general description of the property only, and is not intended to constitute part of an offer or contract. It has been verified by the seller(s), unless marked as 'draft'. Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it. If you require clarification on any point then please contact us, especially if you’re traveling some distance to view. All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering checks. Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer. You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale. The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits. Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.