3 Bed Terraced House, Refurb/BRRR, Carlisle, CA1 3RL, £110,000

Cresswell Avenue, Carlisle, CA1 3RL - 3 months ago

Sold STC
BTL
Refurb/BRRR
ROI: 5%
~93 m²
+15 photos

ValuationUndervalued

Sold Prices£65K - £260K
Sold Prices/m²£850/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£113,300
BMV3%

 

 

End Value (After Refurb)

£133,830

Uplift in Value

+22%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£27,500

Stamp Duty & Legal Fees

£6,700

Refurb Costs

£36,600

Bridging Loan Interest

£2,888

Total Cash In

£75,438

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£133,830

Mortgage (After Refinance)

£100,372

Mortgage LTV

75%

Cash Released

£17,872

Cash Left In

£57,565

Equity

£33,457

Rent Range

£595 - £4,080

Rent Estimate

£908

Running Costs/mo

£620

Cashflow/mo

£288

Cashflow/yr

£3,458

ROI

5%

Gross Yield

10%

Local Sold Prices

50 sold prices from £65K to £260K, average is £133K. £850/m² to £3.2K/m², average is £1.6K/m².

PriceDateDistanceAddressBeds 
£86K08/210 mi46, Cresswell Avenue, Carlisle, Cumbria CA1 3RL3
£92K02/210.06 mi42, Brantwood Avenue, Carlisle, Cumbria CA1 3RP3
£117K05/230.07 mi64, Pennine Way, Carlisle, Cumberland CA1 3RJ3
£96K05/210.1 mi29, Eldon Drive, Carlisle, Cumbria CA1 3RS3
£105K11/200.15 mi9, Rosevale, Carlisle, Cumbria CA1 3RG3
£90K05/210.16 mi18, Allandale Road, Carlisle, Cumbria CA1 3SJ3
£65K02/210.2 mi53, Beverley Rise, Carlisle, Cumbria CA1 3RX3
£99.2K01/210.22 mi16, Springfield Road, Carlisle, Cumbria CA1 3QR3
£145K09/210.23 mi2, Huntsman Lane, Carlisle, Cumbria CA1 3TQ3
£145K12/220.24 mi48, Pennine Way, Carlisle, Cumbria CA1 3QL3
£105K03/210.27 mi2, Meadow View, Carlisle, Cumbria CA1 3JN3
£137.5K09/210.28 mi9, Leywell Drive, Carlisle, Cumbria CA1 3TN3
£108K09/210.28 mi13, Wellside Walk, Carlisle, Cumbria CA1 3TP3
£108K01/210.28 mi2, Wellside Walk, Carlisle, Cumbria CA1 3TP3
£105K05/210.28 mi8, Wellside Walk, Carlisle, Cumbria CA1 3TP3
£152K11/200.29 mi19, Moorside Drive, Carlisle, Cumbria CA1 3TE3
£110K12/210.31 mi8, Crossways, Carlisle, Cumbria CA1 3JW3
£87.5K10/200.31 mi22, Crossways, Carlisle, Cumbria CA1 3JW3
£134K04/230.32 mi100, Valley Drive, Carlisle, Cumberland CA1 3TR3
£132K06/210.32 mi71, Valley Drive, Carlisle, Cumbria CA1 3TR3
£130K06/210.32 mi64, Valley Drive, Carlisle, Cumbria CA1 3TR3
£145K05/210.32 mi13, Heathfield Close, Carlisle, Cumbria CA1 2LD3
£135K03/210.32 mi12, Moorwood Close, Carlisle, Cumbria CA1 2LB3
£170K01/230.33 mi34, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£110K11/210.33 mi59, Scotby Close, Carlisle, Cumbria CA1 2XG3
£96K11/200.33 mi6, Scotby Close, Carlisle, Cumbria CA1 2XG3
£175K02/210.34 mi20, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£225K01/230.34 mi30, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£187.5K11/220.35 mi54, Valley Drive, Carlisle, Cumbria CA1 3TR3
£115K05/230.36 mi21, Argyll Drive, Carlisle, Cumberland CA1 3PB3
£125K07/230.36 mi22, Argyll Drive, Carlisle, Cumberland CA1 3PB3
£124K02/230.36 mi28, Argyll Drive, Carlisle, Cumbria CA1 3PB3
£135K09/210.39 mi13, Longmans Close, Carlisle, Cumbria CA1 3TL3
£68K11/200.41 mi3, Cumrew Close, Carlisle, Cumbria CA1 2XA3
£102K04/210.41 mi3, Cumrew Close, Carlisle, Cumbria CA1 2XA3
£105.5K05/230.41 mi63, Cumrew Close, Carlisle, Cumberland CA1 2XA3
£140K05/210.43 mi12, Geltsdale Avenue, Carlisle, Cumbria CA1 2RL3
£170K03/210.44 mi60, Dalesman Drive, Carlisle, Cumbria CA1 3TH3
£180K06/210.45 mi51, Pennine View, Carlisle, Cumbria CA1 3GX3
£184.1K03/210.45 mi17, Pennine View, Carlisle, Cumbria CA1 3GX3
£195K11/200.45 mi57, Pennine View, Carlisle, Cumbria CA1 3GX3
£168.5K12/200.45 mi13, Pennine View, Carlisle, Cumbria CA1 3GX3
£170K09/210.46 mi107, Longholme Road, Carlisle, Cumbria CA1 3HN3
£140K05/210.46 mi99, Longholme Road, Carlisle, Cumbria CA1 3HN3
£138.3K07/230.47 mi20, Hespek Raise, Carlisle, Cumberland CA1 2RN3
£145K09/210.47 mi41, Hespek Raise, Carlisle, Cumbria CA1 2RN3
£143K03/210.47 mi28, Longholme Road, Carlisle, Cumbria CA1 3HU3
£260K02/210.48 mi4, Oak Lane, Carlisle, Cumbria CA1 3SW3
£168K11/200.49 mi9, Blackburn Drive, Carlisle, Cumbria CA1 3HY3
£125K10/200.5 mi22, Edgehill Road, Carlisle, Cumbria CA1 3PE3

Local Rents

25 rents from £595/mo to £4.1K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£65004/240.35 miMeadow View, Carlisle, CA13
£69503/240.39 miPennine View Close, Carlisle, CA13
£62004/240.39 miPennine View Close, Carlisle, CA13
£59503/240.39 miPennine View Close, Carleton Grange3
£59504/240.39 miPennine View Close, Carleton Grange3
£80005/240.44 miPennine View, Carlisle, CA13
£80003/240.47 miNunnery Close, Carlisle, CA1 2GX3
£90004/240.5 miOval Court, Carlisle3
£90004/240.5 miOval Court, Carlisle3
£79503/240.67 miAshford Way, Carlisle3
£70006/230.78 mi-3
£1,10004/240.78 miFarbrow Road, Carlisle3
£99502/240.82 mi-3
£87503/240.83 miPetteril Terrace, Carlisle, CA13
£90005/240.83 miLondon Road, Carlisle, CA13
£90005/240.83 miLondon Road, Carlisle, CA13
£95004/250.84 mi-3
£70004/240.86 miLightfoot Drive, Carlisle, CA13
£69508/230.88 mi-3
£71501/240.88 mi-3
£72503/241.12 miLindisfarne Street, Carlisle, CA13
£4,08002/251.13 mi-3
£70003/241.17 miLinton Street, Carlisle, CA13
£59503/241.17 miOswald Street, City Centre, Carlisle, CA13
£72503/241.19 miThomson Street, Carlisle3

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

2.34 miles away

Nearest school

0.10 miles away

Nearest train station

1.76 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

January 6, 2025

Description

  • Mid terraced property +
  • Popular residential area +
  • 3 bedrooms +
  • 1 bathroom +
  • Driveway parking and garden +
  • No onward chain +
  • In need of some modernisation +

A three bedroom mid terraced property situated in a popular residential location close to an abundance of amenities and schools. The accommodation briefly comprises of entrance hall, dining lounge with gas fire, sun room, fitted kitchen and utility lane with rear porch leading to the garden. To the first floor there are three double bedrooms and a three piece family bathroom. To the front of the property there is driveway parking and laid shillies. Rear enclosed mature garden with lawn, floral borders, timber shed, trees and shrubs. The property does require some modernisation, however it would make an ideal opportunity for the first time buyer or investment as a buy to let. The accommodation with approximate measurements briefly comprises: Entry via UPVC double glazed door into entrance hall.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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