3 Bed Terraced House, Cash/Bridging Only, Carnforth, LA6 1RJ, £274,000

Elmsfield Park Cottages Holme, Carnforth, LA6 1RJ - 2 views - 2 months ago

Cash
~93 m²
+9 photos

ValuationOvervalued

Sold Prices£131.5K - £418K
Sold Prices/m²£1.8K/m² - £5.2K/m²

 

 

Square Metres

~93 m²
Price/m²£2.9K/m²

Value Estimate

£236,840

 

 

End Value (After Refurb)

£246,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£68,500

Stamp Duty & Legal Fees

£11,100

Refurb Costs

£37,565

Bridging Loan Interest

£7,193

Total Cash In

£126,107

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£246,000

Mortgage (After Refinance)

£184,500

Mortgage LTV

75%

Cash Left In

£126,107

Equity

£61,500

Rent Range

£495 - £1,500

Rent Estimate

£861

Running Costs/mo

£961

Cashflow/mo

£-100

Cashflow/yr

£-1,199

Gross Yield

4%

Local Sold Prices

50 sold prices from £131.5K to £418K, average is £225K. £1.8K/m² to £5.2K/m², average is £2.8K/m².

PriceDateDistanceAddressBeds 
£310K06/210.56 mi12, Town Head Fold, Holme, Carnforth, Cumbria LA6 1SE3
£190K05/210.6 mi1, Oddfellows Row, Holme, Carnforth, Cumbria LA6 1QH3
£250K06/230.65 mi5, Meadowcroft, Holme, Carnforth, Westmorland And Furness LA6 1QQ3
£271K07/230.66 mi1, Twinter Bank, Holme, Carnforth, Westmorland And Furness LA6 1TB3
£225K12/200.72 mi5, The Crescent, Holme, Carnforth, Cumbria LA6 1PU3
£270K09/220.74 mi60, Pear Tree Park, Holme, Carnforth, Cumbria LA6 1PP3
£350K10/220.78 mi54, Trinity Drive, Holme, Carnforth, Cumbria LA6 1QL3
£247K05/210.79 mi40, Trinity Drive, Holme, Carnforth, Cumbria LA6 1QL3
£243K11/200.79 mi7, Trinity Drive, Holme, Carnforth, Cumbria LA6 1QL3
£192.5K10/200.79 mi4, Trinity Drive, Holme, Carnforth, Cumbria LA6 1QL3
£300K08/210.79 mi26, Hill Side, Holme, Carnforth, Cumbria LA6 1QD3
£310K02/210.79 mi12, Hill Side, Holme, Carnforth, Cumbria LA6 1QD3
£160K09/210.81 miTrinity Cottage, North Road, Holme, Carnforth, Cumbria LA6 1QA3
£220K05/210.81 miBroadstone House, Milnthorpe Road, Holme, Carnforth, Cumbria LA6 1PS3
£255K06/210.81 mi11, Milnthorpe Road, Holme, Carnforth, Cumbria LA6 1PS3
£191K02/210.81 mi10, Milnthorpe Road, Holme, Carnforth, Cumbria LA6 1PS3
£232.5K03/210.82 miWest Winds, North Road, Holme, Carnforth, Cumbria LA6 1QA3
£282.5K10/220.99 mi16, Oxlands, Holme, Carnforth, Cumbria LA6 1RG3
£178K08/211.16 mi2, Holme Field, Holme, Carnforth, Cumbria LA6 1RY3
£380K11/201.19 miHawthorn, Burton Road, Holme, Carnforth, Cumbria LA6 1QS3
£167.5K12/221.3 mi16, Holme Mills Cottages, Holme, Carnforth, Cumbria LA6 1RB3
£218.6K07/221.32 mi13, Firs Close, Milnthorpe, Cumbria LA7 7QG3
£226K10/221.33 mi3, Firs Close, Milnthorpe, Westmorland And Furness LA7 7QG3
£212.5K08/231.33 mi18, Holme Mills Cottages, Holme, Carnforth, Westmorland And Furness LA6 1RB3
£131.5K10/201.33 mi16, Holme Mills Cottages, Holme, Carnforth, Cumbria LA6 1RB3
£230K09/221.33 mi11, Holme Mills Cottages, Holme, Carnforth, Cumbria LA6 1RB3
£164K09/211.35 mi16, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£140K04/211.35 mi40, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£164K09/211.35 mi16, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£220K12/221.35 mi15, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£203K12/221.35 mi33, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DA3
£418K05/231.36 mi2, Parsonage Fold, Beetham, Milnthorpe, Westmorland And Furness LA7 7RJ3
£360K10/201.39 miChesterfield House, 9, Chestnut Way, Milnthorpe, Cumbria LA7 7RB3
£210K09/221.4 mi97, Owlet Ash Fields, Milnthorpe, Cumbria LA7 7DR3
£169.9K02/211.4 mi24, Firs Road, Milnthorpe, Cumbria LA7 7QF3
£240K05/211.46 mi1, Harmony Hill, Milnthorpe, Cumbria LA7 7QA3
£242K11/211.47 miHarmony Barn, Harmony Hill, Milnthorpe, Cumbria LA7 7QA3
£242K11/211.47 miHarmony Barn, Harmony Hill, Milnthorpe, Cumbria LA7 7QA3
£215K10/201.49 mi2, Dallam View, Milnthorpe, Cumbria LA7 7QX3
£235K07/221.53 mi18, Wyndsore Avenue, Milnthorpe, Cumbria LA7 7DB3
£150K03/211.54 mi1, Printers Mews, Milnthorpe, Cumbria LA7 7QY3
£159.5K06/231.55 mi17, Wyndsore Avenue, Milnthorpe, Westmorland And Furness LA7 7DB3
£222K01/211.57 mi2, Summerville Road, Milnthorpe, Cumbria LA7 7DF3
£220K11/221.57 mi16, Summerville Road, Milnthorpe, Cumbria LA7 7DF3
£227.5K04/221.58 mi91, Ryleyfield Road, Milnthorpe, Cumbria LA7 7PU3
£178.5K11/211.58 mi3, Flowerden Court, Milnthorpe, Cumbria LA7 7BY3
£225K04/211.58 mi63, Ryleyfield Road, Milnthorpe, Cumbria LA7 7PU3
£245K01/221.58 mi29, Summerville Road, Milnthorpe, Cumbria LA7 7DF3
£178.5K11/211.59 mi3, Flowerden Court, Milnthorpe, Cumbria LA7 7BY3
£245K09/221.6 mi23, Church Street, Milnthorpe, Cumbria LA7 7DX3

Local Rents

29 rents from £495/mo to £1.5K/mo, average is £825/mo.

RentDateDistanceAddressBeds 
£97504/251.17 mi-2
£82507/241.27 miBeetham House, Beetham, Milnthorpe, Cumbria, LA72
£82508/241.27 miBeetham House, Beetham, Milnthorpe, Cumbria, LA72
£1,50010/231.39 miParsonage Farmhouse, Beetham, Milnthorpe, LA7 7AL4
£1,30004/241.4 mi-3
£80005/241.48 miMill Lane, Beetham Road, Milnthorpe, LA72
£60010/231.49 mi6 The Square, Milnthorpe, Cumbria, LA7 7QJ2
£59507/241.49 mi6 The Square, Milnthorpe, LA7 7QJ2
£75002/241.51 mi-1
£88004/241.51 mi-1
£78007/241.51 mi-1
£1,20010/241.51 mi-1
£84011/241.51 mi-1
£65001/241.51 mi-2
£97511/231.54 mi-3
£85007/241.65 mi80 Park Road, Milnthorpe, LA7 7AD3
£75005/241.68 mi23 Bela Forge, Milnthorpe, Cumbria, LA7 7RE2
£85009/241.7 mi3 St. Anthonys Close, Milnthorpe1
£1,45010/231.78 miParkside House, Milnthorpe, LA7 7AN4
£95005/241.79 miClawthorpe, Carnforth, LA6 1NU3
£75004/242.25 miGlebe Close, Burton, Carnforth2
£75004/242.34 miWatersedge, Sanside, Milnthorpe2
£85009/242.37 miHerons Quay, Sandside, Milnthorpe, Cumbria, LA7 7HW2
£69504/242.39 miSandside, Milnthorpe, LA7 7HW2
£89504/242.4 miHerons Quay, Sandside, Milnthorpe, Cumbria, LA7 7HW2
£89508/242.4 miHerons Quay, Sandside, Milnthorpe, Cumbria, LA7 7HW2
£49501/252.43 mi-1
£75005/242.44 mi3 Greenside Court, Hincaster2
£65007/242.44 mi2 Greenside Court, Hincaster1

Local Area Statistics

Population in LA6

12,877

Population in Carnforth

29,230

Town centre distance

5.38 miles away

Nearest school

0.80 miles away

Nearest train station

3.62 miles away

 

 

Rental growth (12m)

-38%

Sales demand

Buyer's market

Capital growth (5yrs)

+15%

Property History

Price changed to £274,000

February 8, 2025

Listed for £280,000

January 30, 2025

Floor Plans

Description

  • Stone Built Barn Conversion +
  • Freehold +
  • Beautiful Countryside Views +
  • Two Allocated Parking Spaces +
  • Full Of Character & Charm +
  • Easy Access To the Lake District +

Set in the idyllic village of Holme, Cumbria, this charming three-bedroom mid-terrace home offers a wonderful blend of character, space, and stunning countryside views. Ideal for families, couples, or those seeking a tranquil escape, the property features generous living spaces, original period details, and a thoughtfully designed outdoor area. Surrounded by ever-changing rural landscapes, this home provides the perfect opportunity to embrace a peaceful lifestyle while creating your ideal living space.

The ground floor welcomes you with a well-equipped kitchen/diner, offering an excellent space for cooking and socialising. This leads to a spacious lounge, ideal for family living, and is complemented by a convenient shower room with underfloor heating. Upstairs, three generously sized bedrooms and the main family bathroom provide ample space for a growing household.

Outside, the property offers off-road parking and low-maintenance gardens, creating an ideal outdoor retreat. Perfect for summer barbecues or relaxing, this manageable space balances greenery and privacy with minimal upkeep.

Nestled in peaceful countryside, Holme offers the perfect balance of rural tranquillity and convenient access to amenities. Milnthorpe and Holme are just a short drive away, providing shops, cafés, pubs, and excellent schools, including the highly rated Holme Primary and Dallam Secondary in nearby Milnthorpe. With easy access to junctions 35 and 36 of the M6 and regular connections via the 555 bus to Lancaster, Kendal, and the Lake District, the village is well-connected. Holme boasts a welcoming pub, Holy Trinity Church, and a range of activities, including baby groups, walking societies, a cricket club, and a crown green bowling club, ensuring something for everyone year-round.

Please be aware that any systems, appliances, or services depicted in photographs have not been tested by us and are subject to a fixtures and fittings agreement with the seller.

To secure this property in accordance with our terms, a £6,000 deposit will be required, which will be deducted from the purchase price. Additionally, there is a non-refundable Reservation Fee of £450 inc VAT, which is separate from the purchase price.

All cash buyers are required to indemnify searches and surveys as outlined in our terms and conditions.

Upon acceptance of your offer, our appointed solicitor will be formally instructed to oversee the sale process on your behalf, ensuring a smooth transaction

Agent Details

House Sales Direct, Cheadle

0161 524 8266

Next Steps?

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