4 Bed Detached House, Refurb/BRRR, Carnforth, LA5 9QF, £450,000

155 Main Street, Warton, Carnforth, LA5 9QF - 2 views - 2 months ago

Refurb/BRRR
143 m²
+29 photos

ValuationOvervalued

Sold Prices£116K - £930K
Sold Prices/m²£1.2K/m² - £3.4K/m²

 

 

Square Metres

143 m²
Price/m²£3.1K/m²

Value Estimate

£311,260

 

 

End Value (After Refurb)

£355,116

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£112,500

Stamp Duty & Legal Fees

£36,200

Refurb Costs

£57,766

Bridging Loan Interest

£11,813

Total Cash In

£220,029

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£355,116

Mortgage (After Refinance)

£266,337

Mortgage LTV

75%

Cash Left In

£220,029

Equity

£88,779

Rent Range

£575 - £1,800

Rent Estimate

£871

Running Costs/mo

£1,304

Cashflow/mo

£-433

Cashflow/yr

£-5,195

Gross Yield

2%

Local Sold Prices

34 sold prices from £116K to £930K, average is £337.5K. £1.2K/m² to £3.4K/m², average is £2.4K/m².

PriceDateDistanceAddressBeds 
£375K05/210.01 mi141, Main Street, Warton, Carnforth, Lancashire LA5 9QF4
£340K11/220.1 mi1, Stoneycroft Drive, Warton, Carnforth, Lancashire LA5 9PX4
£441K04/210.18 miThe Tower House, 5, High Crag Court, Warton, Carnforth, Lancashire LA5 9ND4
£465K03/210.2 mi5, Coach Road, Warton, Carnforth, Lancashire LA5 9PP4
£404K05/210.33 miHopewell House, Back Lane, Warton, Carnforth, Lancashire LA5 9QX4
£305K06/210.53 mi17, Gardner Road, Warton, Carnforth, Lancashire LA5 9NY4
£365K09/210.53 mi15, Gardner Road, Warton, Carnforth, Lancashire LA5 9NY4
£520K11/221.09 miElpha House, North Road, Carnforth, Lancashire LA6 1AA4
£470K06/211.09 miElpha House, North Road, Carnforth, Lancashire LA6 1AA4
£550K10/221.12 miNetherbeck Farm, North Road, Carnforth, Lancashire LA5 9NG4
£357.5K02/211.2 mi12, Browfoot Close, Carnforth, Lancashire LA5 9XT4
£370K03/211.29 mi25, Whernside Grove, Carnforth, Lancashire LA5 9XH4
£240K02/211.3 mi14, Eden Mount Way, Carnforth, Lancashire LA5 9XN4
£200K09/211.35 mi10, Scotland Road, Carnforth, Lancashire LA5 9JY4
£190K12/221.43 mi31, New Street, Carnforth, Lancashire LA5 9BX4
£204K12/211.44 mi2, Kellet Road, Carnforth, Lancashire LA5 9LN4
£320K03/231.55 mi93, Kellet Road, Carnforth, Lancashire LA5 9LR4
£116K02/211.63 mi19, Highfield Road, Carnforth, Lancashire LA5 9BE4
£142.8K01/211.63 mi31, Highfield Road, Carnforth, Lancashire LA5 9BE4
£169.9K11/201.64 mi5, Fern Bank, Carnforth, Lancashire LA5 9DS4
£268K05/211.67 mi17, Browsholme Close, Carnforth, Lancashire LA5 9UW4
£335K12/221.7 mi10, Croasdale Close, Carnforth, Lancashire LA5 9UN4
£270K06/211.71 mi11, Croasdale Close, Carnforth, Lancashire LA5 9UN4
£510K11/201.74 mi1, Hill Top Close, Yealand Redmayne, Carnforth, Lancashire LA5 9TH4
£930K07/231.78 miRedbank House, 37, Silverdale Road, Yealand Redmayne, Carnforth, Lancashire LA5 9TA4
£255K09/211.78 mi125, Redruth Drive, Carnforth, Lancashire LA5 9TT4
£239.9K09/211.78 mi109, Redruth Drive, Carnforth, Lancashire LA5 9TT4
£202K05/211.78 mi39, Redruth Drive, Carnforth, Lancashire LA5 9TT4
£239.9K04/211.78 mi16, Johnson Close, Carnforth, Lancashire LA5 9UJ4
£598K07/231.79 miFord House, Capernwray Road, Capernwray, Carnforth, Lancashire LA6 1AD4
£445K02/231.85 mi23, St Austell Place, Carnforth, Lancashire LA5 9TU4
£478K11/211.93 mi21, Crag Bank Road, Carnforth, Lancashire LA5 9EH4
£460K11/221.93 mi20, Crag Bank Road, Carnforth, Lancashire LA5 9EH4
£215K03/211.99 mi18, Crag Bank Crescent, Carnforth, Lancashire LA5 9EQ4

Local Rents

20 rents from £575/mo to £1.8K/mo, average is £725/mo.

RentDateDistanceAddressBeds 
£59502/240.31 mi-2
£65005/240.86 mi-2
£1,15012/240.87 mi-3
£57505/240.91 mi-2
£61505/240.94 mi22 Albert Street, Millhead, Carnforth, Lancashire, LA5 9DR1
£70004/240.95 miAlbert Street, Millhead, Carnforth2
£59504/240.95 mi-2
£1,80004/241.01 miYealand Road, Yealand Conyers, Carnforth4
£1,80004/241.01 miYealand Road, Yealand Conyers, Carnforth4
£79504/241.36 miNorth Road, Carnforth, LA52
£67508/241.37 mi-2
£1,25004/241.44 miLancaster Road, Carnforth, LA54
£87504/241.44 miEdward Street, Carnforth3
£75004/241.45 miJohn Street, Carnforth, Lancashire, LA5 9ER1
£60012/241.49 mi-1
£65002/251.49 mi-1
£95012/241.59 mi-3
£65004/241.6 mi-2
£79505/241.81 miHoward Mews, Carnforth, LA5 9UH2
£95003/252.1 mi-3

Local Area Statistics

Population in LA5

16,353

Population in Carnforth

29,230

Town centre distance

0.93 miles away

Nearest school

0.30 miles away

Nearest train station

1.32 miles away

 

 

Rental growth (12m)

-26%

Sales demand

Balanced market

Capital growth (5yrs)

+19%

Property History

Listed for £450,000

February 14, 2025

Floor Plans

Description

Situated in an Area of Outstanding Natural Beauty, this spacious four bedroom detached family home, offers purchasers a blank canvas to create a truly incredible home. With breath-taking views surrounding this property with Warton Crag Nature Reserve and Ingleborough in the Yorkshire Dales, sit back and watch the ever changing scenery evolve. With three reception rooms including a handy study area, ample storage including a walk in Pantry, off road parking and a large single and a double garage space, located via a shared access lane. Offered to the market with No Chain.

Inside The Home - Stepping in to this sizeable family home, you arrive in the Entrance Vestibule, were ample scope can be found to create a truly welcoming entrance. With space for fitted cupboards and coat hooks, this provides the perfect place for hanging coats and storing muddy boots. This leads into a spacious Hallway, with access to the reception rooms and the first floor. To the right, a large Living Room can be found, perfect for entertaining the whole family. With access to a Study area perfect for those who work from home, and further access to the rear and surrounding gardens. To the left, a spacious Dining Room awaits, which nicely flows into a fitted Kitchen with a handy breakfast bar area and built in Pantry. This leads into a useful Utility Area, with a ground floor WC, further built in storage and access to the rear parking and garage. To the first floor, four generous bedrooms can be found, all with incredible views to admire. The principal bedroom has an excellent Ensuite Bathroom, providing two sizeable bathrooms, with the main Bathroom is also located on this floor. Whilst this property requires modernisation throughout, there is plentiful scope to create a truly incredible family home, located in an Area of Outstanding Natural Beauty.

Let's Take A Closer Look At The Views - Breath-taking views of Warton Crag Nature Reserve can be admired from all rear rooms of this incredible home. To the front, rooftop views towards Ingleborough, the second-highest mountain in the Yorkshire Dales, and the surrounding Lancashire countryside can be observed. Watch the ever changing landscapes transform throughout the year from the warmth and comfort of this spacious home.

Let's Step Outside - To the front of the property, steps lead from the road side, to a raised garden with a pathway leading to the front of the property. Gardens sweep around this beautiful home, leading to a rear garden, where off road parking for approximately 3 cars can be found, as well as a large detached garage. Through the secure metal gates, there is a further double detached garage, providing additional parking, as well as an access lane which provides access back to the main road. The beautiful garden space has been well loved over the years and provides purchases with privacy and space. With a laid to lawn wrap around garden with mature hedging, shrubs and fruit trees, his beautiful garden provides ample space for allowing little ones to explore and play.

The Location - Warton village lies on the West Coast of Morecambe Bay, situated just over a mile away from the market town of Carnforth. With a plethora of amenities on it doorstep including a main bus route, a primary school, two village pubs and a local brewery, there is ample to explore in the village alone. With the oldest building in the village dating back to the 14th Century, there is much history to explore with nods to the village past including the Old Rectory, the prominent village Church and the Lime Kilns located on the crag road. With further amenities located in Carnforth such as Carnforth Train Station, providing access to the West Coast mainline, three supermarkets, independent and national shops as well as two doctors surgeries, two dentists, a secondary school and easy access to the M6 motorway for those who commute.

Services - The property is fitted with a Gas central heating boiler and has 16 solar panels located on the front roof elevation. This feeds the electricity supply for the property, with any excess being fed back into the grid. A credit is then raised when meter readings are supplied. There is also mains water and mains drainage at the property.

Please note: This is also an obsolete Husky Advanced Air Source Heat Pump located in the side garden, which has controls located in the Living Room.

Tenure - The property is Freehold.

Council Tax - This home is Band E under Lancaster City Council.

Viewings - Strictly by appointment via Houseclub Estate Agency.

Energy Performance Certificate - View online or for more information contact our office for details.

Agent Details

Houseclub, Lancaster

01524 969718

Next Steps?

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