2 Bed Flat, Single Let, Carlisle, CA1 3HU, £60,000

Longholme Road, Off Cumwhinton Road, Carlisle, CA1 3HU - 2 views - 2 months ago

Sold STC

Leasehold

BTL

ROI: 16%

~68 m²

+11 photos

ValuationUndervalued

Sold Prices	£50K - £200K
Sold Prices/m²	£877/m² - £1.9K/m²

Square Metres	~68.11 m²
Price/m²	£881/m²
Value Estimate	£74,400£74,400
BMV	24%

Cashflows

Cash In
Purchase Finance	MortgageMortgage
Deposit (25%)	£15,000£15,000
Stamp Duty & Legal Fees	£4,200£4,200
Total Cash In	£19,200£19,200

Cash Out
Rent Range	£575 - £950£575 - £950
Rent Estimate	£575
Running Costs/mo	£323£323
Cashflow/mo	£253£253
Cashflow/yr	£3,030£3,030
ROI	16%16%
Gross Yield	12%12%

Local Sold Prices

32 sold prices from £50K to £200K, average is £87.3K. £877/m² to £1.9K/m², average is £1.3K/m².

Price	Date	Distance	Address	Price/m²	m²	Beds	Type
£57K	03/21	0 mi	120, Longholme Road, Carlisle, Cumbria CA1 3HU	£966	59	2	Flat
£75.5K	05/23	0 mi	108, Longholme Road, Carlisle, Cumberland CA1 3HU	£1,302	58	2	Flat
£60K	06/21	0.05 mi	35, Longholme Road, Carlisle, Cumbria CA1 3HN	£1,053	57	2	Flat
£80K	09/21	0.05 mi	23, Longholme Road, Carlisle, Cumbria CA1 3HN	£1,404	57	2	Flat
£100K	06/23	0.15 mi	86, Watermans Walk, Carlisle, Cumberland CA1 3TU	£1,563	64	2	Flat
£77.5K	10/21	0.15 mi	78, Watermans Walk, Carlisle, Cumbria CA1 3TU	£1,314	59	2	Flat
£80K	01/21	0.15 mi	100, Watermans Walk, Carlisle, Cumbria CA1 3TU	£1,290	62	2	Flat
£88.2K	04/21	0.15 mi	142, Watermans Walk, Carlisle, Cumbria CA1 3TU	£1,423	62	2	Flat
£112.5K	08/23	0.15 mi	110, Watermans Walk, Carlisle, Cumberland CA1 3TU	£1,797	63	2	Flat
£92K	07/22	0.15 mi	144, Watermans Walk, Carlisle, Cumbria CA1 3TU	£1,415	65	2	Flat
£80K	01/23	0.29 mi	Flat 2, Hedley Court, Cumwhinton Road, Carlisle, Cumbria CA1 3PA	-	-	2	Flat
£190K	10/21	0.33 mi	2, Oval Court, Carlisle, Cumbria CA1 3TT	£1,919	99	2	Flat
£150K	11/22	0.33 mi	10, Oval Court, Carlisle, Cumbria CA1 3TT	£1,715	87	2	Flat
£92K	08/22	0.4 mi	7, Pennine View Close, Carlisle, Cumbria CA1 3GW	£1,394	66	2	Flat
£86.5K	06/21	0.43 mi	8, Pennine View Close, Carlisle, Cumbria CA1 3GW	£1,254	69	2	Flat
£105K	10/21	0.43 mi	16, Pennine View Close, Carlisle, Cumbria CA1 3GW	-	-	2	Flat
£88K	06/21	0.43 mi	33, Pennine View Close, Carlisle, Cumbria CA1 3GW	£1,354	65	2	Flat
£95K	05/22	0.43 mi	45, Pennine View Close, Carlisle, Cumbria CA1 3GW	£1,397	68	2	Flat
£74.5K	11/22	0.45 mi	57, Dale End Road, Carlisle, Cumbria CA1 3DE	£1,330	56	2	Flat
£72K	08/22	0.46 mi	5, Argyll Drive, Carlisle, Cumbria CA1 3PB	£1,600	45	2	Flat
£68.5K	12/22	0.48 mi	100, Dale End Road, Carlisle, Cumbria CA1 3DE	-	-	2	Flat
£128K	08/22	0.52 mi	Flat 21, Willow Place, Parkland Drive, Carlisle, Cumbria CA1 3GQ	-	-	2	Flat
£175K	09/22	0.52 mi	Flat 36, Willow Place, Parkland Drive, Carlisle, Cumbria CA1 3GQ	-	-	2	Flat
£200K	07/23	0.52 mi	Flat 36, Willow Place, Parkland Drive, Carlisle, Cumberland CA1 3GQ	£1,143	175	2	Flat
£50K	02/21	0.63 mi	28, Broome Court, Carlisle, Cumbria CA1 2RB	£877	57	2	Flat
£82.2K	03/23	0.69 mi	Flat 2, Hillcrest Nook, High Road, Carlisle, Cumberland CA1 2QU	-	-	2	Flat
£92K	12/22	0.75 mi	1b, Chertsey Grove, Carlisle, Cumbria CA1 2QY	£1,122	82	2	Flat
£92K	12/22	0.75 mi	1b, Chertsey Grove, Carlisle, Cumberland CA1 2QY	£1,122	82	2	Flat
£85K	06/22	0.77 mi	21b, Chertsey Grove, Carlisle, Cumbria CA1 2QY	£1,143	74	2	Flat
£127.5K	05/22	0.89 mi	4, Chapel Brow, Carlisle, Cumbria CA1 2PP	£1,648	77	2	Flat
£52K	06/21	0.89 mi	22, Brisco Meadows, Carlisle, Cumbria CA2 4NY	£945	55	2	Flat
£52K	02/21	0.89 mi	28, Brisco Meadows, Carlisle, Cumbria CA2 4NY	£963	54	2	Flat

Local Rents

27 rents from £575/mo to £950/mo, average is £750/mo.

Rent	Date	Distance	Address	Beds	Type
£595	03/24	0 mi	Longholme Road, Carlisle	2	Flat
£575	03/24	0 mi	Longholme Road, Carlisle, CA1	2	Flat
£600	04/24	0.02 mi	Longholme Road, Carlisle	2	Flat
£625	01/25	0.05 mi	-	2	Flat
£675	05/24	0.15 mi	Watermans Walk, Carleton Grange, Carlisle	2	Flat
£675	05/24	0.15 mi	Watermans Walk, Carleton Grange, Carlisle	2	Flat
£675	03/24	0.15 mi	140 Watermans Walk, Carlisle, Cumbria	2	Flat
£750	05/24	0.15 mi	-	2	Flat
£650	05/24	0.18 mi	Winton Cresent, Harraby, Carlisle	2	Semi-Detached House
£775	03/24	0.41 mi	Cherry Lane, CARLISLE, CA1	2	Flat
£775	03/24	0.41 mi	Cherry Lane, CARLISLE, CA1	2	Flat
£725	01/25	0.41 mi	-	2	Terraced House
£895	04/25	0.42 mi	-	2	Flat
£775	03/24	0.42 mi	19, Cherry Lane,CARLISLE, CA1 3GJ	2	Flat
£695	04/24	0.43 mi	Pennine View Close, Carlisle, CA1	2	Flat
£895	02/25	0.43 mi	-	2	Flat
£895	03/25	0.43 mi	-	2	Flat
£650	04/24	0.43 mi	Pennine View Close, Carlisle	2	Flat
£950	03/25	0.47 mi	-	2	Flat
£575	03/24	0.47 mi	Lightfoot Drive, Carlisle, Cumbria, CA1	2	Detached House
£950	07/24	0.48 mi	-	2	Flat
£950	09/23	0.48 mi	-	2	Flat
£950	02/25	0.48 mi	-	2	Flat
£950	02/25	0.48 mi	-	2	Flat
£750	05/23	0.51 mi	-	2	Semi-Detached House
£750	04/24	0.52 mi	Willow Place, Parkland Village, Carlisle, CA1	2	Flat
£795	05/24	0.6 mi	-	2	Semi-Detached House

Local Area Statistics

Population in CA1	24,51524,515
Population in Carlisle	103,015103,015
Town centre distance	2.50 miles away2.50 miles away
Nearest school	0.30 miles away0.30 miles away
Nearest train station	1.83 miles away1.83 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 £60,000

February 19, 2025

Description

Ground floor flat +
2 bedrooms +
1 bathroom +
Popular residential area +
Lawned garden +
Ideal first time buy +

This two bedroom ground floor flat is gas central heated and double glazed throughout, with ample storage, over 100 years on the lease and sold with the benefit of no onward chain. The accommodation briefly comprises of entrance hall, dining lounge, fitted kitchen, two bedrooms and wet room. Externally there is a lawned front garden and allocated parking close by. Ideally suited to a buy to let investor or first time buyer. The accommodation with approximate measurements briefly comprises: Entry via UVC double glazed door into entrance hall.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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