2 Bed Terraced House, Single Let, Carlisle, CA2 4EE, £40,000

35 Montreal Street, Carlisle, Cumbria CA2 4EE - 4 views - 2 months ago

Auction
BTL
ROI: 23%
67 m²

ValuationUndervalued

Sold Prices£53K - £160K
Sold Prices/m²£804/m² - £2K/m²

 

 

Square Metres

67 m²
Price/m²£597/m²

Value Estimate

£48,000
BMV20%

Cashflows

Cash In

 

Purchase Finance

Mortgage

Deposit (25%)

£10,000

Stamp Duty & Legal Fees

£1,200

Total Cash In

£11,200

 

 

Cash Out

 

Rent Range

£500 - £850

Rent Estimate

£445

Running Costs/mo

£234

Cashflow/mo

£211

Cashflow/yr

£2,532

ROI

23%

Gross Yield

13%

Local Sold Prices

50 sold prices from £53K to £160K, average is £85K. £804/m² to £2K/m², average is £1.2K/m².

PriceDateDistanceAddressBeds 
£88K08/210.06 mi1, Maitland Street, Carlisle, Cumbria CA2 4ED2
£125K04/230.07 mi88, Boundary Road, Carlisle, Cumberland CA2 4HT2
£115K07/210.07 mi88, Boundary Road, Carlisle, Cumbria CA2 4HT2
£56K04/210.13 mi13, Boundary Road, Carlisle, Cumbria CA2 4HH2
£128.3K11/200.14 mi48, Currock Road, Carlisle, Cumbria CA2 4BJ2
£130K09/210.16 mi32, Grasmere Street, Carlisle, Cumbria CA2 4AR2
£92.5K03/230.19 mi13, Lediard Avenue, Carlisle, Cumberland CA2 4BP2
£100K03/210.21 mi34, Clementina Terrace, Carlisle, Cumbria CA2 4EN2
£83K04/210.21 mi9, Coney Street, Carlisle, Cumbria CA2 4BQ2
£71K03/230.21 mi10, Coney Street, Carlisle, Cumberland CA2 4BQ2
£89K06/230.21 mi9, Coney Street, Carlisle, Cumberland CA2 4BQ2
£116K02/230.21 mi7, Arthur Street, Carlisle, Cumbria CA2 4AN2
£85K05/230.22 mi80, Harrison Street, Carlisle, Cumberland CA2 4ER2
£75.5K02/230.23 mi5, Robinson Street, Carlisle, Cumbria CA2 4ES2
£125K07/230.23 mi21, Red Bank Terrace, Carlisle, Cumberland CA2 4BD2
£90K11/200.27 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£80K11/210.27 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£95K06/230.27 mi35, Esther Street, Carlisle, Cumberland CA2 4HA2
£110K11/200.27 mi28, Esther Street, Carlisle, Cumbria CA2 4HA2
£72.5K04/230.27 mi28, Harrison Street, Carlisle, Cumberland CA2 4EP2
£85K07/210.27 mi18, Harrison Street, Carlisle, Cumbria CA2 4EP2
£57.5K04/210.27 mi38, Harrison Street, Carlisle, Cumbria CA2 4EP2
£87K05/210.28 mi5, Upperby Way, Carlisle, Cumbria CA2 4GJ2
£63K06/210.28 mi51, Gloucester Road, Carlisle, Cumbria CA2 4EW2
£85K05/230.29 mi3, Hasell Street, Carlisle, Cumberland CA2 4HB2
£85K01/230.33 mi2, Regent Street, Carlisle, Cumbria CA2 4HD2
£107K02/230.38 mi12, Maryport Cottages, Carlisle, Cumbria CA2 5LH2
£53K02/230.38 mi16, Bousteads Grassing, Carlisle, Cumbria CA2 5LQ2
£56.5K11/210.45 mi156, Scalegate Road, Carlisle, Cumbria CA2 4PR2
£160K01/210.51 mi339, Blackwell Road, Carlisle, Cumbria CA2 4RU2
£75K08/210.51 mi323, Blackwell Road, Carlisle, Cumbria CA2 4RU2
£97.5K08/210.54 mi29, East Dale Street, Carlisle, Cumbria CA2 5JZ2
£82K10/210.54 mi35, East Dale Street, Carlisle, Cumbria CA2 5JZ2
£101K02/210.55 mi5, Shankly Road, Carlisle, Cumbria CA2 5SL2
£68K04/210.58 mi2, David Street, Carlisle, Cumbria CA1 2LR2
£73K02/210.59 mi3, Stokoe Court, Carlisle, Cumbria CA2 5SE2
£74K03/210.59 mi31, Garfield Street, Carlisle, Cumbria CA2 5EY2
£95K01/210.59 mi9, Garfield Street, Carlisle, Cumbria CA2 5EY2
£72K08/210.59 mi21, Garfield Street, Carlisle, Cumbria CA2 5EY2
£123K03/230.6 mi11, Herbert Street, Carlisle, Cumberland CA1 2QE2
£105.5K01/210.6 mi11, Beveridge Road, Carlisle, Cumbria CA2 5SA2
£95K02/230.61 mi175, Denton Street, Carlisle, Cumbria CA2 5JP2
£110K06/210.61 mi39, Dale Street, Carlisle, Cumbria CA2 5JT2
£70K06/230.62 mi8, Orchard Street, Carlisle, Cumberland CA1 2JL2
£71K06/210.62 mi38, Alexander Street, Carlisle, Cumbria CA1 2LH2
£71K06/210.62 mi38, Alexander Street, Carlisle, Cumbria CA1 2LH2
£74.3K04/210.62 mi21, Alexander Street, Carlisle, Cumbria CA1 2LH2
£95K04/230.62 mi31, Alexander Street, Carlisle, Cumberland CA1 2LH2
£60K10/210.63 mi42, Oswald Street, Carlisle, Cumbria CA1 2LU2
£85K03/230.63 mi26, Thomson Street, Carlisle, Cumbria CA1 2LW2

Local Rents

29 rents from £500/mo to £850/mo, average is £625/mo.

RentDateDistanceAddressBeds 
£65004/240 miMontreal Street, Carlisle2
£65004/240 miMontreal Street, Carlisle2
£65004/240 miMontreal Street, Carlisle2
£52504/240.02 miMontreal Street, Currock2
£65004/240.06 mi-2
£72505/240.08 miMayson Street, Carlisle, CA22
£72505/240.08 mi-2
£62503/240.13 miBlackwell Road, Carlisle2
£62504/240.13 miBlackwell Road, Carlisle2
£69504/240.17 miThirlmere Street, Carlisle2
£62503/240.24 miBlackwell Road, Carlisle2
£59505/240.26 mi-2
£50002/230.28 mi-2
£52512/240.28 mi-2
£67503/240.29 miHasell Street, Carlisle2
£67508/240.29 mi-2
£60004/240.38 miHenderson Road, Carlisle, CA22
£85003/240.52 miHazel Grove, Harraby Green, Carlisle2
£62504/240.53 miWaterside House, Denton Holme, Carlisle2
£62505/240.56 miHope Street, Denton Holme, Carlisle2
£62512/240.56 miHope Street, Denton Holme, Carlisle2
£59503/240.56 miHigginson Mill, Denton Mill Close, Carlisle2
£79511/240.57 mi-2
£65003/240.58 miCaldew Maltings, Denton Holme, Carlisle2
£55003/240.6 miGarfield Street, Carlisle, Cumbria, CA22
£60003/240.6 mi8 East Norfolk Street, CA22
£55004/240.62 miSt Ninians Road, Upperby, Carlisle2
£51002/240.62 mi-2
£53001/250.62 mi-2

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

1.54 miles away

Nearest school

0.10 miles away

Nearest train station

0.80 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £40,000

February 18, 2025

Floor Plans

Description

  • 2 bedroom terraced property +
  • Currently tenanted +
  • Suit the investor buyer +

GUIDE PRICE £40,000+
FOR SLAE BY PUBLIC AUCTION ON THURSDAY 3RD APRIL 2025 AT THE HALSTON HOTEL, CARLISLE.
For bidding registration, please visit auctionhousecumbria.co.uk Investment property Two bedroom terraced property currently tenanted at £445pcm. Within easy reach of the city centre, it comprises: lounge, kitchen and bathroom to the ground floor, 2 bedrooms to the first floor. Suit the investor buyer. Ground Floor Lounge 12'9 x 12'6
Kitchen 12'6 x 9'3
Inner Hall
Bathroom 10'9 x 6'
First Floor Bedroom 12'6 x 12'9
Bedroom 12'6 x 9'3 Tenure: Freehold EPC Rating: D 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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