2 Bed Flat, Single Let, Carlisle, CA1 2NB, £65,000

Lindisfarne Street, Carlisle, CA1 2NB - 2 views - 2 months ago

Leasehold

BTL

ROI: 12%

~68 m²

+1 photos

ValuationUndervalued

Sold Prices	£50K - £205K
Sold Prices/m²	£823/m² - £1.9K/m²

Square Metres	~68.11 m²
Price/m²	£954/m²
Value Estimate	£76,389£76,389
BMV	18%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£16,250£16,250
Stamp Duty & Legal Fees	£3,150£3,150
Total Cash In	£19,400£19,400

Cash Out
Rent Range	£500 - £995£500 - £995
Rent Estimate	£515
Running Costs/mo	£326£326
Cashflow/mo	£189£189
Cashflow/yr	£2,267£2,267
ROI	12%12%
Gross Yield	10%10%

Local Sold Prices

22 sold prices from £50K to £205K, average is £69.5K. £823/m² to £1.9K/m², average is £1.1K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£70K	03/21	0.22 mi	30c, Edward Street, Carlisle, Cumbria CA1 2JE	£1,250	56	2	Flat
£55K	12/21	0.22 mi	30a, Edward Street, Carlisle, Cumbria CA1 2JE	£1,100	50	2	Flat
£67.5K	08/21	0.45 mi	28, Almery Drive, Carlisle, Cumbria CA2 4EX	-	-	2	Flat
£65K	11/20	0.45 mi	197, Warwick Road, Carlisle, Cumbria CA1 1LP	£823	79	2	Flat
£65K	10/20	0.52 mi	1, Goodwin Close, Carlisle, Cumbria CA2 4AH	£1,297	50	2	Flat
£65K	01/23	0.53 mi	277, Warwick Road, Carlisle, Cumbria CA1 2BX	£1,300	50	2	Flat
£85K	06/22	0.55 mi	21b, Chertsey Grove, Carlisle, Cumbria CA1 2QY	£1,143	74	2	Flat
£142K	04/21	0.56 mi	Ground Floor And Basement Flat, 51, Chiswick Street, Carlisle, Cumbria CA1 1HJ	-	-	2	Flat
£68.5K	10/21	0.56 mi	28, Thirlwell Gardens, Carlisle, Cumbria CA1 2DU	£1,087	63	2	Flat
£70K	06/21	0.56 mi	36, Thirlwell Gardens, Carlisle, Cumbria CA1 2DU	£1,111	63	2	Flat
£68K	06/21	0.56 mi	70, Thirlwell Gardens, Carlisle, Cumbria CA1 2DU	£1,030	66	2	Flat
£108K	03/21	0.57 mi	2c, St Aidans Road, Carlisle, Cumbria CA1 1LS	£1,286	84	2	Flat
£92K	12/22	0.58 mi	1b, Chertsey Grove, Carlisle, Cumbria CA1 2QY	£1,122	82	2	Flat
£92K	12/22	0.58 mi	1b, Chertsey Grove, Carlisle, Cumberland CA1 2QY	£1,122	82	2	Flat
£205K	01/21	0.58 mi	1, St Joseph's Gardens, Carlisle, Cumbria CA1 2UQ	£1,864	110	2	Flat
£82.2K	03/23	0.63 mi	Flat 2, Hillcrest Nook, High Road, Carlisle, Cumberland CA1 2QU	-	-	2	Flat
£69K	06/23	0.68 mi	59, York Gardens, Carlisle, Cumberland CA2 4HP	£1,169	59	2	Flat
£50K	02/21	0.71 mi	28, Broome Court, Carlisle, Cumbria CA1 2RB	£877	57	2	Flat
£55K	09/21	0.79 mi	18, Lewis Court, Carlisle, Cumbria CA2 5ET	£979	56	2	Flat
£72K	08/22	0.81 mi	5, Argyll Drive, Carlisle, Cumbria CA1 3PB	£1,600	45	2	Flat
£56.5K	03/23	0.89 mi	12, Maryport Court, Carlisle, Cumberland CA2 5LY	£1,105	51	2	Flat
£80K	01/23	1 mi	Flat 2, Hedley Court, Cumwhinton Road, Carlisle, Cumbria CA1 3PA	-	-	2	Flat

Local Rents

37 rents from £500/mo to £995/mo, average is £650/mo.

Rent	Date	Distance	Address	Beds	Type
£675	09/24	0.02 mi	-	2	Terraced House
£675	09/24	0.02 mi	-	2	Terraced House
£675	09/24	0.02 mi	-	2	Terraced House
£600	03/24	0.02 mi	Lindisfarne Court, Carlisle, CA1	2	Terraced House
£625	03/24	0.05 mi	Thomson Street	2	Terraced House
£625	04/24	0.05 mi	Sybil Street, Carlisle, CA1	2	Terraced House
£650	03/24	0.05 mi	Lindisfarne Street, Carlisle, Cumbria, CA1	2	Terraced House
£675	04/24	0.07 mi	Sybil Street, Carlisle, CA1	2	Terraced House
£510	02/24	0.09 mi	-	2	Terraced House
£530	01/25	0.09 mi	-	2	Terraced House
£650	05/24	0.12 mi	Alexander Street, Carlisle, CA1	2	Terraced House
£795	11/24	0.14 mi	-	2	Terraced House
£600	04/24	0.14 mi	Greystone Road, Carlisle, CA1	2	Terraced House
£625	06/24	0.19 mi	-	2	Terraced House
£625	05/24	0.19 mi	Raven Street, Carlisle, CA1	2	Terraced House
£625	05/24	0.19 mi	Raven Street, Carlisle, CA1	2	Terraced House
£995	03/25	0.24 mi	-	2	Terraced House
£525	05/24	0.28 mi	84 Charles Street, Carlisle	2	Terraced House
£675	08/24	0.42 mi	-	2	Terraced House
£500	02/23	0.43 mi	-	2	Terraced House
£525	12/24	0.43 mi	-	2	Terraced House
£590	04/24	0.44 mi	Aglionby Street, Carlisle	2	Flat
£750	03/24	0.47 mi	Hanson Place, Warwick Square, Carlisle	2	Flat
£650	03/24	0.47 mi	114, Warwick Road, Carlisle	2	Flat
£595	05/24	0.47 mi	-	2	Terraced House
£675	03/24	0.48 mi	Hasell Street, Carlisle	2	Flat
£850	06/24	0.51 mi	-	2	Semi-Detached House
£850	03/25	0.51 mi	-	2	Semi-Detached House
£550	03/23	0.51 mi	-	2	Terraced House
£850	03/24	0.53 mi	Hazel Grove, Harraby Green, Carlisle	2	Flat
£575	04/24	0.55 mi	Thirlwell Gardens, Carlisle, CA1	2	Flat
£695	03/24	0.58 mi	Chertsey Grove, off London Road, Carlisle	2	Flat
£600	03/24	0.58 mi	Red Gables, Carlisle, CA1	2	Flat
£650	04/24	0.58 mi	Flat 6, Red Gables, CA1	2	Flat
£520	03/24	0.6 mi	Spencer House, St Pauls Square, Carlisle	2	Flat
£650	05/24	0.61 mi	Spencer House, St Pauls Square, Carlisle	2	Flat
£650	05/24	0.61 mi	Spencer House, St Pauls Square, Carlisle	2	Flat

Local Area Statistics

Population in CA1	24,51524,515
Population in Carlisle	103,015103,015
Town centre distance	1.27 miles away1.27 miles away
Nearest school	0.10 miles away0.10 miles away
Nearest train station	0.63 miles away0.63 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	+13%+13%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+14%+14%

Property History

Listed for £65,000

February 14, 2025

Description

A Well Maintained First Floor Flat +
Conveniently Located Close To A Range Of Excellent Amenities +
Ideal First Time Buy Or Buy To Let +
Vestibule +
Good Sized Lounge +
Modern Fitted Kitchen +
Two Double Bedrooms +
Bathroom +
Electric Storage Heating & Double Glazing (Part uPVC) +
To Be Sold With No Ongoing Chain +

Homesearch Direct is pleased to offer to the market 93 Lindisfarne Street. A well maintained two bedroom first floor flat, conveniently located close to a range of excellent local amenities and just a short walk into Carlisle City Centre. The property would make an ideal first time buy or buy to let. Accommodation comprises Entrance into Vestibule, stairs to the first floor, Good Sized Lounge, Modern Fitted Kitchen, Two Double Bedrooms and a Bathroom. The property benefits from electric storage heating and double glazing (part uPVC). To be sold with no ongoing chain.

In through the front door to:

Entrance Vestibule
Two built in cupboards, tiled flooring, door providing access to the stairs which lead to the first floor.

First Floor Landing

Door into:

Lounge
16' 3'' x 10' 6'' (4.95m x 3.20m) Good sized lounge, dado rail, electric heater, decorative coving, T.V. and telephone points, doors into both bedrooms, bathroom and kitchen.

Kitchen
10' 9'' x 6' 9'' (3.27m x 2.06m) Fitted with base and wall units, complementary worktop surface, stainless steel sink and drainer with a mixer tap above, integrated electric oven and grill, electric hob, tiled splashbacks, extractor canopy above, plumbing for a washing machine, space for a tumble dryer and a fridge freezer, double glazed window to the front of the property.

Bedroom One
11' 8'' x 8' 1'' (3.55m x 2.46m) Double bedroom, electric storage heater, uPVC double glazed window.

Bedroom Two
10' 3'' x 8' 1'' (3.12m x 2.46m) Double bedroom, uPVC double glazed window.

Bathroom
8' 2'' x 6' 0'' (2.49m x 1.83m) White three piece bathroom suite, electric shower over the bath, WC, wash hand basin, part tiled walls, electric wall heater, built in airing cupboard housing the hot water cylinder.

Services
Mains water, electricity and drainage. Electric heating. Double glazing (part uPVC). Leasehold. Council Tax Band A.