2 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 4LP, £69,950

Manor Place, Carlisle, CA2 4LP - 7 views - 2 months ago

Sold STC
Refurb/BRRR
ROI: 6%
~68 m²
+15 photos

ValuationFair Value

Sold Prices£51K - £250K
Sold Prices/m²£903/m² - £2.2K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1K/m²

Value Estimate

£70,650

 

 

End Value (After Refurb)

£91,977

Uplift in Value

+31%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£17,488

Stamp Duty & Legal Fees

£3,299

Refurb Costs

£26,658

Bridging Loan Interest

£1,836

Total Cash In

£51,031

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£91,977

Mortgage (After Refinance)

£68,983

Mortgage LTV

75%

Cash Released

£16,520

Cash Left In

£34,510

Equity

£22,994

Rent Range

£550 - £950

Rent Estimate

£716

Running Costs/mo

£451

Cashflow/mo

£265

Cashflow/yr

£3,184

ROI

6%

Gross Yield

12%

Local Sold Prices

50 sold prices from £51K to £250K, average is £97.5K. £903/m² to £2.2K/m², average is £1.4K/m².

PriceDateDistanceAddressBeds 
£76.7K05/210 mi24, Manor Place, Carlisle, Cumbria CA2 4LP2
£155K06/230.22 mi49, Brisco Road, Carlisle, Cumberland CA2 4PF2
£122.3K01/210.27 mi54, Brisco Road, Carlisle, Cumbria CA2 4NX2
£75K11/200.29 mi21, Sunnymeade, Carlisle, Cumbria CA2 4NR2
£56.5K11/210.3 mi156, Scalegate Road, Carlisle, Cumbria CA2 4PR2
£120K06/230.33 mi49, Sunnymeade, Carlisle, Cumberland CA2 4NS2
£71K03/210.33 mi55, Sunnymeade, Carlisle, Cumbria CA2 4NS2
£87K05/210.35 mi5, Upperby Way, Carlisle, Cumbria CA2 4GJ2
£51K03/230.37 mi9, Lightfoot Drive, Carlisle, Cumberland CA1 3BN2
£81K01/230.37 mi67, Sunnymeade, Carlisle, Cumbria CA2 4NS2
£110K03/210.38 mi18, Broome Court, Carlisle, Cumbria CA1 2RA2
£110K05/210.38 mi10, Broome Court, Carlisle, Cumbria CA1 2RA2
£100K11/200.38 mi2, Broome Court, Carlisle, Cumbria CA1 2RA2
£75K04/210.38 mi5, Oaklands Drive, Carlisle, Cumbria CA2 4NH2
£110K11/200.4 mi246, Scalegate Road, Carlisle, Cumbria CA2 4NL2
£180K12/220.49 mi355, London Road, Carlisle, Cumberland CA1 3EY2
£123K03/230.53 mi11, Herbert Street, Carlisle, Cumberland CA1 2QE2
£110K06/210.56 mi3, Mayfield Avenue, Carlisle, Cumbria CA1 3NB2
£118K01/230.56 mi47, Mayfield Avenue, Carlisle, Cumbria CA1 3NB2
£125K04/230.56 mi88, Boundary Road, Carlisle, Cumberland CA2 4HT2
£115K07/210.56 mi88, Boundary Road, Carlisle, Cumbria CA2 4HT2
£157K01/210.57 mi10, Highwood Crescent, Carlisle, Cumbria CA1 3LF2
£167K10/210.57 mi9, Highwood Crescent, Carlisle, Cumbria CA1 3LF2
£85K05/230.57 mi3, Hasell Street, Carlisle, Cumberland CA2 4HB2
£88K08/210.59 mi1, Maitland Street, Carlisle, Cumbria CA2 4ED2
£250K08/230.6 mi437, London Road, Carlisle, Cumberland CA1 3HA2
£190K06/210.6 mi437, London Road, Carlisle, Cumbria CA1 3HA2
£123K01/230.62 mi51, Dalegarth Avenue, Carlisle, Cumbria CA1 3LS2
£160K01/210.63 mi339, Blackwell Road, Carlisle, Cumbria CA2 4RU2
£75K08/210.63 mi323, Blackwell Road, Carlisle, Cumbria CA2 4RU2
£105K03/230.63 mi40, Mayfield Avenue, Carlisle, Cumberland CA1 3LU2
£74K12/200.63 mi46, Mayfield Avenue, Carlisle, Cumbria CA1 3LU2
£110K12/220.64 mi36, Mayfield Avenue, Carlisle, Cumbria CA1 3LU2
£75.5K02/230.66 mi5, Robinson Street, Carlisle, Cumbria CA2 4ES2
£80K03/230.68 mi67, Mayfield Avenue, Carlisle, Cumberland CA1 3LZ2
£56K04/210.68 mi13, Boundary Road, Carlisle, Cumbria CA2 4HH2
£90K11/200.68 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£80K11/210.68 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£95K06/230.68 mi35, Esther Street, Carlisle, Cumberland CA2 4HA2
£110K11/200.68 mi28, Esther Street, Carlisle, Cumbria CA2 4HA2
£85K05/230.68 mi80, Harrison Street, Carlisle, Cumberland CA2 4ER2
£94.5K11/220.68 mi38, Edgehill Road, Carlisle, Cumbria CA1 3PE2
£78K04/210.69 mi90, Crossways, Carlisle, Cumbria CA1 3JT2
£72.5K04/230.71 mi28, Harrison Street, Carlisle, Cumberland CA2 4EP2
£85K07/210.71 mi18, Harrison Street, Carlisle, Cumbria CA2 4EP2
£57.5K04/210.71 mi38, Harrison Street, Carlisle, Cumbria CA2 4EP2
£100K03/210.71 mi34, Clementina Terrace, Carlisle, Cumbria CA2 4EN2
£130K01/230.71 mi89, Hillary Grove, Carlisle, Cumbria CA1 3JQ2
£115.5K11/200.72 mi35, Edgehill Road, Carlisle, Cumbria CA1 3PG2
£63K06/210.72 mi51, Gloucester Road, Carlisle, Cumbria CA2 4EW2

Local Rents

16 rents from £550/mo to £950/mo, average is £685/mo.

RentDateDistanceAddressBeds 
£55004/240.07 miSt Ninians Road, Upperby, Carlisle2
£55003/240.15 miBrisco Meadows, Carlisle2
£57504/240.21 miLamb Street, Upperby, Carlisle, CA22
£75005/230.37 mi-2
£57503/240.39 miLightfoot Drive, Carlisle, Cumbria, CA12
£57003/240.42 miGrange Road, London Road, Carlisle2
£95009/230.44 mi-2
£95002/250.44 mi-2
£95002/250.44 mi-2
£95007/240.44 mi-2
£95003/250.44 mi-2
£55003/240.45 miLondon Road, Carlisle, CA12
£60004/240.45 miHenderson Road, Carlisle, CA22
£85003/240.45 miHazel Grove, Harraby Green, Carlisle2
£69503/240.46 miChertsey Grove, off London Road, Carlisle2
£67503/240.57 miHasell Street, Carlisle2

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

2.10 miles away

Nearest school

0.20 miles away

Nearest train station

1.35 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £69,950

February 7, 2025

Description

  • Semi Detached +
  • Two Bedrooms +
  • Ideal Investment +
  • Corner Plot +
  • Parking +
  • Conservatory +
  • In Need Of Modernisation +
  • No Onward Chain +

**OVERVIEW
**Situated in a popular residential area with access to both primary and secondary schools, local shops and public transport routes the accommodation briefly comprises: Lounge with doors leading to conservatory and access to the first floor, fitted kitchen, two double bedrooms and bathroom with separate WC.  Externally there is a driveway and lawned gardens. This property is perfect for an investor or first time buyer it certainly needs some TLC but its position in the corner of the cul-de-sac and private garden to the rear we know this one will make it a little gem.  **USEFUL INFORMATION
**The property benefits from gas central heating, double glazing and is being sold with no onward chain. Benefitted from a new roof in 2023.  PLEASE NOTE
1. These particulars have been prepared in good faith as a general guide; they are not exhaustive and include information provided to us by other parties including the seller, not all of which will have been verified by us. They do not form part of any offer or contract and should not be relied upon as statements of fact. 2. We have not carried out a detailed or structural survey, we have not tested any services, appliances or fittings and we have not verified all statutory approvals or consents. Measurements, floorplans, orientation and distances are given as an approximate only and should not be relied on. 3. The photographs are not necessarily comprehensive or current, aspects may have changed since the photographs were taken. No assumption should be made that any contents are included in the sale. 4. Prospective purchasers should satisfy themselves by inspection, searches, enquiries, surveys and professional advice about all relevant aspects of the property EPC rating: C.

Agent Details

Northwood, Carlisle

01228 279058

Next Steps?

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