2 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 4LP, £45,000

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

Auction

Refurb/BRRR

ROI: 7%

~68 m²

+7 photos

ValuationFair Value

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

Square Metres	~68.11 m²
Price/m²	£661/m²
Value Estimate	£45,000£45,000

End Value (After Refurb)	£92,658£92,658
Uplift in Value	+106%+106%

Investment Opportunity

Cash In
Purchase Finance	Bridging LoanBridging Loan
Deposit (25%)	£11,250£11,250
Stamp Duty & Legal Fees	£2,550£2,550
Refurb Costs	£26,658£26,658
Bridging Loan Interest	£1,181£1,181
Total Cash In	£43,390£43,390

Cash Out
Monetisation	FlipRefinance & RentFlip
Estimated Sale Price	£92,658£92,658
Agent Fees (1%)	£927£927
Bridging Loan	£33,750£33,750
Bridging Loan Interest	£1,181£1,181
Flip Profit	£14,592£14,592

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.

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£76.7K	05/21	0.03 mi	24, Manor Place, Carlisle, Cumbria CA2 4LP	-	-	2	Semi-Detached House
£155K	06/23	0.22 mi	49, Brisco Road, Carlisle, Cumberland CA2 4PF	-	-	2	Semi-Detached House
£122.3K	01/21	0.27 mi	54, Brisco Road, Carlisle, Cumbria CA2 4NX	£1,698	72	2	Semi-Detached House
£75K	11/20	0.29 mi	21, Sunnymeade, Carlisle, Cumbria CA2 4NR	-	-	2	Semi-Detached House
£56.5K	11/21	0.33 mi	156, Scalegate Road, Carlisle, Cumbria CA2 4PR	£926	61	2	Semi-Detached House
£120K	06/23	0.34 mi	49, Sunnymeade, Carlisle, Cumberland CA2 4NS	£1,846	65	2	Semi-Detached House
£71K	03/21	0.34 mi	55, Sunnymeade, Carlisle, Cumbria CA2 4NS	£1,145	62	2	Semi-Detached House
£51K	03/23	0.34 mi	9, Lightfoot Drive, Carlisle, Cumberland CA1 3BN	£927	55	2	Semi-Detached House
£110K	03/21	0.36 mi	18, Broome Court, Carlisle, Cumbria CA1 2RA	-	-	2	Semi-Detached House
£110K	05/21	0.36 mi	10, Broome Court, Carlisle, Cumbria CA1 2RA	£1,699	65	2	Semi-Detached House
£100K	11/20	0.36 mi	2, Broome Court, Carlisle, Cumbria CA1 2RA	£1,370	73	2	Semi-Detached House
£87K	05/21	0.37 mi	5, Upperby Way, Carlisle, Cumbria CA2 4GJ	£1,673	52	2	Semi-Detached House
£81K	01/23	0.38 mi	67, Sunnymeade, Carlisle, Cumbria CA2 4NS	-	-	2	Semi-Detached House
£75K	04/21	0.4 mi	5, Oaklands Drive, Carlisle, Cumbria CA2 4NH	£1,154	65	2	Semi-Detached House
£110K	11/20	0.41 mi	246, Scalegate Road, Carlisle, Cumbria CA2 4NL	£1,196	92	2	Semi-Detached House
£180K	12/22	0.46 mi	355, London Road, Carlisle, Cumberland CA1 3EY	£2,143	84	2	Detached House
£123K	03/23	0.53 mi	11, Herbert Street, Carlisle, Cumberland CA1 2QE	-	-	2	Terraced House
£110K	06/21	0.54 mi	3, Mayfield Avenue, Carlisle, Cumbria CA1 3NB	-	-	2	Semi-Detached House
£118K	01/23	0.54 mi	47, Mayfield Avenue, Carlisle, Cumbria CA1 3NB	£1,788	66	2	Semi-Detached House
£157K	01/21	0.54 mi	10, Highwood Crescent, Carlisle, Cumbria CA1 3LF	£2,187	72	2	Detached House
£167K	10/21	0.54 mi	9, Highwood Crescent, Carlisle, Cumbria CA1 3LF	-	-	2	Detached House
£250K	08/23	0.58 mi	437, London Road, Carlisle, Cumberland CA1 3HA	-	-	2	Detached House
£190K	06/21	0.58 mi	437, London Road, Carlisle, Cumbria CA1 3HA	-	-	2	Detached House
£85K	05/23	0.58 mi	3, Hasell Street, Carlisle, Cumberland CA2 4HB	-	-	2	Terraced House
£125K	04/23	0.58 mi	88, Boundary Road, Carlisle, Cumberland CA2 4HT	£1,374	91	2	Terraced House
£115K	07/21	0.58 mi	88, Boundary Road, Carlisle, Cumbria CA2 4HT	£1,264	91	2	Terraced House
£123K	01/23	0.6 mi	51, Dalegarth Avenue, Carlisle, Cumbria CA1 3LS	£1,685	73	2	Semi-Detached House
£105K	03/23	0.61 mi	40, Mayfield Avenue, Carlisle, Cumberland CA1 3LU	£1,500	70	2	Terraced House
£74K	12/20	0.61 mi	46, Mayfield Avenue, Carlisle, Cumbria CA1 3LU	£1,138	65	2	Semi-Detached House
£88K	08/21	0.61 mi	1, Maitland Street, Carlisle, Cumbria CA2 4ED	-	-	2	Terraced House
£110K	12/22	0.62 mi	36, Mayfield Avenue, Carlisle, Cumbria CA1 3LU	£1,549	71	2	Terraced House
£160K	01/21	0.65 mi	339, Blackwell Road, Carlisle, Cumbria CA2 4RU	£1,951	82	2	Detached House
£75K	08/21	0.65 mi	323, Blackwell Road, Carlisle, Cumbria CA2 4RU	-	-	2	Semi-Detached House
£80K	03/23	0.66 mi	67, Mayfield Avenue, Carlisle, Cumberland CA1 3LZ	£1,250	64	2	Semi-Detached House
£94.5K	11/22	0.66 mi	38, Edgehill Road, Carlisle, Cumbria CA1 3PE	£1,454	65	2	Semi-Detached House
£78K	04/21	0.67 mi	90, Crossways, Carlisle, Cumbria CA1 3JT	£1,200	65	2	Terraced House
£75.5K	02/23	0.67 mi	5, Robinson Street, Carlisle, Cumbria CA2 4ES	£1,067	71	2	Terraced House
£130K	01/23	0.69 mi	89, Hillary Grove, Carlisle, Cumbria CA1 3JQ	£1,688	77	2	Terraced House
£56K	04/21	0.69 mi	13, Boundary Road, Carlisle, Cumbria CA2 4HH	£903	62	2	Terraced House
£90K	11/20	0.7 mi	25, Esther Street, Carlisle, Cumbria CA2 4HA	£1,429	63	2	Terraced House
£80K	11/21	0.7 mi	25, Esther Street, Carlisle, Cumbria CA2 4HA	£1,270	63	2	Terraced House
£95K	06/23	0.7 mi	35, Esther Street, Carlisle, Cumberland CA2 4HA	£1,462	65	2	Terraced House
£110K	11/20	0.7 mi	28, Esther Street, Carlisle, Cumbria CA2 4HA	£1,549	71	2	Semi-Detached House
£115.5K	11/20	0.7 mi	35, Edgehill Road, Carlisle, Cumbria CA1 3PG	£1,520	76	2	Semi-Detached House
£85K	05/23	0.7 mi	80, Harrison Street, Carlisle, Cumberland CA2 4ER	£1,232	69	2	Terraced House
£72.5K	04/23	0.72 mi	28, Harrison Street, Carlisle, Cumberland CA2 4EP	£1,080	67	2	Terraced House
£85K	07/21	0.72 mi	18, Harrison Street, Carlisle, Cumbria CA2 4EP	£1,181	72	2	Terraced House
£57.5K	04/21	0.72 mi	38, Harrison Street, Carlisle, Cumbria CA2 4EP	-	-	2	Terraced House
£100K	03/21	0.73 mi	34, Clementina Terrace, Carlisle, Cumbria CA2 4EN	£1,190	84	2	Terraced House
£63K	06/21	0.74 mi	51, Gloucester Road, Carlisle, Cumbria CA2 4EW	£910	69	2	Terraced House

Local Rents

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

Rent	Date	Distance	Address	Beds	Type
£550	04/24	0.09 mi	St Ninians Road, Upperby, Carlisle	2	Terraced House
£550	03/24	0.15 mi	Brisco Meadows, Carlisle	2	Flat
£575	04/24	0.22 mi	Lamb Street, Upperby, Carlisle, CA2	2	Terraced House
£750	05/23	0.35 mi	-	2	Semi-Detached House
£575	03/24	0.37 mi	Lightfoot Drive, Carlisle, Cumbria, CA1	2	Detached House
£570	03/24	0.4 mi	Grange Road, London Road, Carlisle	2	Semi-Detached House
£950	09/23	0.42 mi	-	2	Flat
£950	02/25	0.42 mi	-	2	Flat
£950	02/25	0.42 mi	-	2	Flat
£950	07/24	0.42 mi	-	2	Flat
£950	03/25	0.42 mi	-	2	Flat
£550	03/24	0.44 mi	London Road, Carlisle, CA1	2	Terraced House
£695	03/24	0.45 mi	Chertsey Grove, off London Road, Carlisle	2	Flat
£850	03/24	0.45 mi	Hazel Grove, Harraby Green, Carlisle	2	Flat
£600	04/24	0.48 mi	Henderson Road, Carlisle, CA2	2	Terraced House
£675	03/24	0.58 mi	Hasell Street, Carlisle	2	Flat

Local Area Statistics

Population in CA2	39,64639,646
Population in Carlisle	103,015103,015
Town centre distance	2.11 miles away2.11 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.36 miles away1.36 miles away

Rental demand	Tenant's marketTenant's market
Rental growth (12m)	-2%-2%
Sales demand	Seller's marketSeller's market
Capital growth (5yrs)	+16%+16%

Property History

Listed for £45,000

February 17, 2025

Floor Plans

Description

Semi-detached house +
Cul-de-sac location +
Gardens to front and rear +
Conservatory +
2 bedrooms +
Some improvement required +
Good investment property +

GUIDE PRICE £45,000+
FOR SALE BY PUBLIC AUCTION ON THURSDAY 3rd April 2025 AT THE HALSTON HOTEL, CARLISLE - For bidding registration, please visit auctionhousecumbria.co.uk - A two bedroomed semi-detached house with conservatory and gardens situated on the southern side of the City. A good investment property in need of some improvement. Semi-detached house with gardens A two bedroomed semi-detached house with conservatory and gardens situated on the southern side of the City.
A good investment property in need of some improvement. What3words location /// shack.bigger.yappy
Ground Floor Sitting Room 13'3 x 10'
Conservatory 8'3 x 7'6
Kitchen 11' x 6'9
Shower Room 7' x 5'9
First Floor Bedroom 13'3 x 8'6
Bedroom 13'3 x 7'6
Outside Gardens to front and rear - see title plan. Tenure: See Legal Pack Administration Fee: £1200 inc VAT payable on exchange of contracts. Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Agent Details

Auction House Cumbria, Carlisle

01228 937772

Next Steps?

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