3 Bed Terraced House, Planning Permission, Carlisle, CA1 2BE, £97,500

Margery Street, Carlisle, CA1 2BE - 3 views - 2 months ago

Sold STC
Planning
ROI: 9%
~93 m²
+13 photos

ValuationFair Value

Sold Prices£62K - £242K
Sold Prices/m²£544/m² - £2K/m²

 

 

Square Metres

~93 m²
Price/m²£1K/m²

Value Estimate

£97,500

 

 

End Value (After Refurb)

£117,255

Uplift in Value

+20%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£24,375

Stamp Duty & Legal Fees

£4,125

Refurb Costs

£36,600

Bridging Loan Interest

£2,559

Total Cash In

£69,409

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£117,255

Mortgage (After Refinance)

£87,942

Mortgage LTV

75%

Cash Released

£14,817

Cash Left In

£54,593

Equity

£29,314

Rent Range

£595 - £4,080

Rent Estimate

£1,157

Running Costs/mo

£618

Cashflow/mo

£539

Cashflow/yr

£6,470

ROI

9%

Gross Yield

14%

Local Sold Prices

50 sold prices from £62K to £242K, average is £134.5K. £544/m² to £2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£139.9K02/230.01 mi29, Margery Street, Carlisle, Cumbria CA1 2BE3
£87K12/200.05 mi89, Vasey Crescent, Carlisle, Cumbria CA1 2BG3
£130K06/230.06 mi37, Greystone Road, Carlisle, Cumberland CA1 2DG3
£120K01/230.06 mi29, Greystone Road, Carlisle, Cumbria CA1 2DG3
£160K06/210.06 mi11, Jackson Street, Carlisle, Cumbria CA1 2BD3
£107K04/210.07 mi104, Greystone Road, Carlisle, Cumbria CA1 2DD3
£165K05/230.07 mi118, Greystone Road, Carlisle, Cumberland CA1 2DD3
£119K12/210.07 mi2, Grace Street, Carlisle, Cumbria CA1 2AZ3
£135K05/210.09 mi34, Eldred Street, Carlisle, Cumbria CA1 2AS3
£165K05/230.09 mi35, Eldred Street, Carlisle, Cumberland CA1 2AS3
£150K12/200.09 mi28, Eldred Street, Carlisle, Cumbria CA1 2AS3
£140K03/210.09 mi44, Eldred Street, Carlisle, Cumbria CA1 2AS3
£159K02/230.11 mi3, Furze Street, Carlisle, Cumbria CA1 2DL3
£122.5K02/210.11 mi3, Short Street, Carlisle, Cumbria CA1 2AY3
£120K02/230.12 mi49, Raven Street, Carlisle, Cumbria CA1 2DQ3
£110K02/230.12 mi138, Greystone Road, Carlisle, Cumbria CA1 2DB3
£120K09/210.13 mi35, Melbourne Road, Carlisle, Cumbria CA1 2DW3
£179K01/230.15 mi38, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£100K11/200.15 mi36, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£130K10/200.15 mi37, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£152.5K12/200.15 mi19, Petteril Street, Carlisle, Cumbria CA1 2AJ3
£182K06/230.15 mi28, Petteril Street, Carlisle, Cumberland CA1 2AJ3
£170K11/210.15 mi28, River Street, Carlisle, Cumbria CA1 2AL3
£150K07/210.15 mi12, River Street, Carlisle, Cumbria CA1 2AL3
£150K12/200.2 mi6, Brunton Crescent, Carlisle, Cumbria CA1 2AX3
£198K05/210.2 mi53, Broad Street, Carlisle, Cumbria CA1 2AQ3
£90K02/210.2 mi13, Adelaide Street, Carlisle, Cumbria CA1 2DR3
£104K12/200.2 mi254, Warwick Road, Carlisle, Cumbria CA1 1LH3
£170K07/210.2 mi228, Greystone Road, Carlisle, Cumbria CA1 2BY3
£148.5K06/210.2 mi145, Greystone Road, Carlisle, Cumbria CA1 2BY3
£132.5K11/220.2 mi230, Warwick Road, Carlisle, Cumbria CA1 1LH3
£87.3K12/210.21 mi29, Linton Street, Carlisle, Cumbria CA1 2LY3
£185K08/210.22 mi251, Warwick Road, Carlisle, Cumbria CA1 1LJ3
£125K11/210.22 mi7, Riverside Way, Carlisle, Cumbria CA1 2DZ3
£134K12/200.23 mi19, Broad Street, Carlisle, Cumbria CA1 2AG3
£169.5K11/210.25 mi6, Lismore Street, Carlisle, Cumbria CA1 2AH3
£165K11/200.25 mi12, Lismore Street, Carlisle, Cumbria CA1 2AH3
£98K06/210.25 mi15, Close Street, Carlisle, Cumbria CA1 2HB3
£86K11/220.26 mi19, Oswald Street, Carlisle, Cumbria CA1 2LX3
£97K09/210.26 mi73, Lindisfarne Street, Carlisle, Cumbria CA1 2NB3
£62K11/200.28 mi104, Charles Street, Carlisle, Cumbria CA1 2ET3
£95K04/210.3 mi50, South Street, Carlisle, Cumbria CA1 2EP3
£68K08/210.3 mi30, Edward Street, Carlisle, Cumbria CA1 2JE3
£180K07/230.31 mi274, Warwick Road, Carlisle, Cumberland CA1 2BX3
£200K02/210.31 mi286, Warwick Road, Carlisle, Cumbria CA1 2BX3
£152.5K06/210.31 mi281, Warwick Road, Carlisle, Cumbria CA1 2BX3
£242K02/210.32 mi14, St Aidans Road, Carlisle, Cumbria CA1 1LS3
£142.5K05/230.32 mi11, Falcon Mews, Carlisle, Cumberland CA1 2WE3
£130K03/230.32 mi52, Brook Street, Carlisle, Cumberland CA1 2HY3
£92.5K03/210.32 mi18, Grey Street, Carlisle, Cumbria CA1 2JP3

Local Rents

14 rents from £595/mo to £4.1K/mo, average is £738/mo.

RentDateDistanceAddressBeds 
£90005/240.15 miPetteril Street, City Centre, Carlisle, CA13
£90004/240.15 miPetteril Street, City Centre, Carlisle, CA13
£4,08002/250.17 mi-3
£70003/240.21 miLinton Street, Carlisle, CA13
£65003/240.22 miCarlisle, CA13
£72503/240.26 miLindisfarne Street, Carlisle, CA13
£70004/240.28 mi-3
£75003/240.31 miOrfeur Street, Carlisle3
£72503/240.32 miThomson Street, Carlisle3
£59503/240.33 miOswald Street, City Centre, Carlisle, CA13
£75005/240.35 miBrook Street, Carlisle, CA13
£3,25002/240.42 mi-3
£75004/240.49 miWarwick Road, Carlisle3
£72503/240.59 miValley Drive, Carleton Grange, Carlisle3

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

1.14 miles away

Nearest school

0.10 miles away

Nearest train station

0.64 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £97,500

February 14, 2025

Floor Plans

Description

  • Project Property +
  • Three Well Proportioned Bedrooms +
  • Enclosed Rear Yard +
  • Kitchen - Potential To Knock Into The Bathroom To Make A Bigger Kitchen +
  • Popular And Convenient Central Location +
  • Lovingly Cared For Over The Years +
  • No Onward Chain +
  • QUOTE LI0465 +

They don’t make them like they used to! This wonderful three-bedroom mid terraced home has so much going for it…Welcome to number 19 Margery Street, a spacious and well-proportioned property featuring a single-storey extension at the rear, situated within this popular residential area close to the city centre and sold with the benefit of No Onward Chain! QUOTE LI0465. This perfectly proportioned terraced property provides the perfect step onto the property ladder and offers excellent scope to add value with potential for further development, subject to relevant planning permission, being granted. The property has been lovingly cared for over the years, and now, with some TLC and creativity, you can transform this mid terrace into a stylish and comfortable home that matches your preferences and lifestyle. Whether you're looking to modernise the interiors or enhance the outdoor space, the possibilities are endless. Margery Street is brilliantly situated close to all the action and just a short walk away from Carlisle city centre and St Nicholas retail park where you will find Asda Supermarket, B&M Bargains, Iceland and many more amenities.  If you love high ceilings and rooms with bags of space for you and the family, then this is a property not to be missed! The home welcomes you with an entrance porch leading into a main entrance hallway. The high ceilings really do help to accentuate the space throughout the property. The main living room is a perfect size and has a large window to the front, allowing plenty of natural light to fill the room with ease.  From the end of the hallway is a great sized second reception/dining area, which features another large window, this time facing the rear elevation and access straight into the kitchen area. An open fire provides a brilliant focal point in the room and is the only heat source for the property. The kitchen area is a good size and features a doorway providing access to the ground floor bathroom and separate WC.  Although the kitchen and bathroom are both dated, they are in working order and provide a blank canvas, ready for you to put your own stamp on. On the first floor, there are three well-proportioned bedrooms, all offering ample space to accommodate a growing family or provide a spacious guest room/home office. Each bedroom features a large window that fills the rooms with an abundance of natural light throughout the day. Externally, the front is particularly stylish and welcoming, affording a low maintenance and smart exterior with ample resident parking available. A low-maintenance rear yard provides a perfect place to sit out, entertain and enjoy al fresco dining with family and friends. A generous brick-built outhouse provides essential additional storage options. The highly regarded Norman Street primary school is located at the end of the road, and the Beehive pub and Brunton Park - home to Carlisle United are only a short walk away. The property also offers excellent access to J43 of the M6 motorway. The wonderful city parks, including Melbourne Park, can be accessed easily for family and dog walks all straight from the doorstep. Sold with the benefit of No Onward Chain. Note To All Buyers - Currently, gas is NOT connected to the property, although the main gas supply can be located in the street. Tenure - Freehold Council Tax Band - A EPC Rating - F Misrepresentation Act 1967 - These particulars, whilst believed to be accurate, are set out for guidance only and do not constitute any part of an offer or contract - intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. All electrical appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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