2 Bed Flat, Single Let, Carlisle, CA3 0GX, £115,000

Lowry Gardens, Carlisle, Cumbria, CA3 0GX - 1 views - 4 months ago

Leasehold
BTL
ROI: 3%
~76 m²
+4 photos

ValuationUndervalued

Sold Prices£48K - £192.5K
Sold Prices/m²£780/m² - £3K/m²

 

 

Square Metres

~76 m²
Price/m²£1.5K/m²

Value Estimate

£125,622
BMV9%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Total Cash In

£35,700

 

 

Cash Out

 

Rent Range

£450 - £795

Rent Estimate

£597

Running Costs/mo

£499

Cashflow/mo

£98

Cashflow/yr

£1,179

ROI

3%

Gross Yield

6%

Local Sold Prices

22 sold prices from £48K to £192.5K, average is £78.8K. £780/m² to £3K/m², average is £1.7K/m².

PriceDateDistanceAddressBeds 
£192.5K01/210.18 mi115, Pinecroft, Carlisle, Cumbria CA3 0DB2
£148.5K01/230.45 mi1, Reiver Court, Carlisle, Cumbria CA3 0AE2
£135K03/210.46 mi1, Reiver Court, Carlisle, Cumbria CA3 0AE2
£165K07/230.46 mi5, Reiver Court, Carlisle, Cumberland CA3 0AE2
£155K01/230.46 mi15, Reiver Place, Carlisle, Cumbria CA3 0AQ2
£155K12/210.47 mi11, Reiver Place, Carlisle, Cumbria CA3 0AQ2
£105K11/210.65 mi133, Lansdowne Crescent, Carlisle, Cumbria CA3 9ER2
£74K11/220.65 mi129, Lansdowne Crescent, Carlisle, Cumberland CA3 9ER2
£48K10/210.75 mi43, Caldew Close, Carlisle, Cumbria CA3 9JL2
£52.5K02/230.75 mi43, Caldew Close, Carlisle, Cumbria CA3 9JL2
£48.5K02/210.75 mi31, Caldew Close, Carlisle, Cumbria CA3 9JL2
£48K10/210.8 mi32, Firlands, Stanwix, Carlisle, Cumbria CA3 9FB2
£58.5K03/210.8 mi26, Firlands, Stanwix, Carlisle, Cumbria CA3 9FB2
£110K05/220.82 miFlat 9, Edentown Court, Eden Street, Carlisle, Cumbria CA3 9LQ2
£120K01/210.82 miFlat 8, Edentown Court, Eden Street, Carlisle, Cumbria CA3 9LQ2
£80K10/220.85 mi49, Bowscale Close, Carlisle, Cumbria CA3 9LJ2
£70K05/230.86 mi13, Bowscale Close, Carlisle, Cumberland CA3 9LJ2
£80K05/220.86 mi58, Bowscale Close, Carlisle, Cumbria CA3 9LJ2
£77.5K05/220.98 mi23, Sunningdale Close, Carlisle, Cumbria CA3 9QP2
£75K06/220.98 mi17, Sunningdale Close, Carlisle, Cumbria CA3 9QP2
£77.5K05/220.98 mi13, Sunningdale Close, Carlisle, Cumbria CA3 9QP2
£76K01/230.99 mi19, Sunningdale Close, Carlisle, Cumbria CA3 9QP2

Local Rents

17 rents from £450/mo to £795/mo, average is £650/mo.

RentDateDistanceAddressBeds 
£60004/240.25 miKingstown Road, Carlisle2
£69504/240.26 miMonterey House, California Road, Carlisle2
£79505/240.44 miGreymoor Way, Carlisle, CA32
£62503/240.63 miGreenwood Court, Carlisle, CA32
£75004/240.73 mi-2
£75010/240.73 mi-2
£72503/240.75 miWalden Grove, Carlisle, Cumbria, CA32
£72505/240.82 miEdentown Court, Eden Street, Stanwix2
£75005/240.9 miThe Green, Houghton, Carlisle2
£62503/240.92 miSt. Pierre Avenue, Etterby, Carlisle2
£57503/240.93 miBelfry Close, Carlisle, CA32
£45003/240.98 miBalmoral Court, Carlisle, Cumbria, CA32
£65003/241.04 miTribune Drive, Houghton, CA32
£62503/241.04 miFulford walk, Carlisle, CA32
£62504/241.04 miFulford walk, Carlisle, CA32
£62504/241.04 miFulford walk, Carlisle, CA32
£75005/241.12 mi-2

Local Area Statistics

Population in CA3

14,064

Population in Carlisle

103,015

Town centre distance

1.37 miles away

Nearest school

0.20 miles away

Nearest train station

2.10 miles away

 

 

Rental growth (12m)

-5%

Sales demand

Seller's market

Capital growth (5yrs)

+19%

Property History

Listed for £115,000

December 13, 2024

Floor Plans

Description

  • 2 Bedrooms +
  • Additional +
  • Living/Dining Room +
  • Entrance Hall +
  • Ensuite Bathroom +
  • Bathroom +

Two bedroom ground floor apartment on the popular Lowry Gardens development. The accommodation comprises of living room, kitchen, two bedrooms, one with ensuite bathroom, and a family bathroom. Annual service charge to 31 May 2025 is £1534.17. VIEWING ADVISED

Situation

Ideally located in the Lowry Hill area of Carlisle near M6 junction 44 and close to regular bus routes. There are many amenities close by including supermarkets, car garages, primary schools.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CAR240783/2

Agent Details

YOUR MOVE - Property @ Cumbria, Carlisle

01228 276062

Next Steps?

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