3 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA1 3HF, £165,000

Forest Hill, Carlisle, CA1 3HF - 3 views - 2 months ago

Sold STC
Refurb/BRRR
Planning
~93 m²
+19 photos

ValuationFair Value

Sold Prices£64K - £270K
Sold Prices/m²£853/m² - £3.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.8K/m²

Value Estimate

£163,036

 

 

End Value (After Refurb)

£178,485

Uplift in Value

+8%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£41,250

Stamp Duty & Legal Fees

£9,450

Refurb Costs

£36,600

Bridging Loan Interest

£4,331

Total Cash In

£93,381

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£178,485

Mortgage (After Refinance)

£133,864

Mortgage LTV

75%

Cash Released

£10,114

Cash Left In

£83,268

Equity

£44,621

Rent Range

£595 - £1,100

Rent Estimate

£747

Running Costs/mo

£727

Cashflow/mo

£20

Cashflow/yr

£238

ROI

0%

Gross Yield

5%

Local Sold Prices

50 sold prices from £64K to £270K, average is £153.5K. £853/m² to £3.2K/m², average is £1.9K/m².

PriceDateDistanceAddressBeds 
£160K03/230.05 mi19, High Green Croft, Carlisle, Cumberland CA1 3HP3
£186K03/210.09 mi2, Gooseland Head, Carlisle, Cumbria CA1 3HG3
£214.3K09/220.14 mi61, Hopes Hill Drive, Carlisle, Cumbria CA1 3LH3
£270K01/230.16 mi26, Mallyclose Drive, Carlisle, Cumbria CA1 3HD3
£198K01/230.16 mi39, Simmerson Drive, Carlisle, Cumbria CA1 3HZ3
£199.9K01/210.17 mi494, London Road, Carlisle, Cumbria CA1 3EJ3
£180K04/210.17 mi462, London Road, Carlisle, Cumbria CA1 3EJ3
£220K12/220.18 mi458, London Road, Carlisle, Cumbria CA1 3EJ3
£265K01/230.18 mi462, London Road, Carlisle, Cumbria CA1 3EJ3
£168K11/200.2 mi9, Blackburn Drive, Carlisle, Cumbria CA1 3HY3
£235K10/220.24 mi30, Ashford Way, Carlisle, Cumbria CA1 3LG3
£143K03/210.24 mi28, Longholme Road, Carlisle, Cumbria CA1 3HU3
£187K11/220.24 mi17, Hopes Hill Drive, Carlisle, Cumbria CA1 3LD3
£222.5K04/230.24 mi75, Cumwhinton Road, Carlisle, Cumberland CA1 3JB3
£240K11/220.25 mi44, Highwood Crescent, Carlisle, Cumbria CA1 3LE3
£170K03/210.26 mi60, Dalesman Drive, Carlisle, Cumbria CA1 3TH3
£170K09/210.28 mi107, Longholme Road, Carlisle, Cumbria CA1 3HN3
£140K05/210.28 mi99, Longholme Road, Carlisle, Cumbria CA1 3HN3
£135K09/210.31 mi13, Longmans Close, Carlisle, Cumbria CA1 3TL3
£155K03/210.31 mi4, Hopes Hill Drive, Carlisle, Cumbria CA1 3LB3
£214K06/210.32 mi1, Meadow View, Carleton, Carlisle, Cumbria CA1 3DR3
£123K08/230.36 mi37, Crossways, Carlisle, Cumberland CA1 3JT3
£200K11/210.39 mi364, London Road, Carlisle, Cumbria CA1 3ER3
£185K05/230.39 mi404, London Road, Carlisle, Cumberland CA1 3ER3
£173K03/230.4 mi10, Edgehill Road, Carlisle, Cumberland CA1 3PE3
£139K09/210.4 mi4, Edgehill Road, Carlisle, Cumbria CA1 3PE3
£125K10/200.4 mi22, Edgehill Road, Carlisle, Cumbria CA1 3PE3
£145K07/210.4 mi31, Cumwhinton Road, Carlisle, Cumbria CA1 3LA3
£130K06/230.4 mi41, Cumwhinton Road, Carlisle, Cumberland CA1 3LA3
£260K02/210.41 mi4, Oak Lane, Carlisle, Cumbria CA1 3SW3
£160K03/210.41 mi14, Twickenham Court, Carlisle, Cumbria CA1 3TW3
£220K10/210.41 mi11, Twickenham Court, Carlisle, Cumbria CA1 3TW3
£66.5K11/200.41 mi21, Dale End Road, Carlisle, Cumbria CA1 3DE3
£100.5K11/210.41 mi87, Lightfoot Drive, Carlisle, Cumbria CA1 3BL3
£64K02/210.41 mi101, Lightfoot Drive, Carlisle, Cumbria CA1 3BL3
£125K08/210.43 mi15, Edgehill Road, Carlisle, Cumbria CA1 3PF3
£203K11/200.44 mi359, London Road, Carlisle, Cumbria CA1 3EZ3
£110K12/210.46 mi8, Crossways, Carlisle, Cumbria CA1 3JW3
£132K10/210.46 mi55, Lingmoor Way, Carlisle, Cumbria CA1 3LL3
£137.5K09/210.46 mi9, Leywell Drive, Carlisle, Cumbria CA1 3TN3
£127.5K11/220.47 mi6, Woodsghyll Drive, Carlisle, Cumbria CA1 3DG3
£117K03/230.47 mi53, Warnell Drive, Carlisle, Cumberland CA1 3LR3
£118K03/210.47 mi77, Warnell Drive, Carlisle, Cumbria CA1 3LR3
£120K06/230.49 mi18, Lightfoot Drive, Carlisle, Cumberland CA1 3BP3
£105K03/210.49 mi2, Meadow View, Carlisle, Cumbria CA1 3JN3
£108K09/210.5 mi13, Wellside Walk, Carlisle, Cumbria CA1 3TP3
£108K01/210.5 mi2, Wellside Walk, Carlisle, Cumbria CA1 3TP3
£105K05/210.5 mi8, Wellside Walk, Carlisle, Cumbria CA1 3TP3
£152K11/200.51 mi19, Moorside Drive, Carlisle, Cumbria CA1 3TE3
£100K12/220.51 mi8, Lightfoot Drive, Carlisle, Cumbria CA1 3BP3

Local Rents

14 rents from £595/mo to £1.1K/mo, average is £700/mo.

RentDateDistanceAddressBeds 
£1,10004/240.09 miFarbrow Road, Carlisle3
£79503/240.22 miAshford Way, Carlisle3
£90004/240.37 miOval Court, Carlisle3
£90004/240.37 miOval Court, Carlisle3
£69508/230.38 mi-3
£65004/240.39 miMeadow View, Carlisle, CA13
£71501/240.4 mi-3
£70004/240.41 miLightfoot Drive, Carlisle, CA13
£80005/240.51 miPennine View, Carlisle, CA13
£59503/240.54 miPennine View Close, Carleton Grange3
£59504/240.54 miPennine View Close, Carleton Grange3
£69503/240.54 miPennine View Close, Carlisle, CA13
£62004/240.54 miPennine View Close, Carlisle, CA13
£70006/230.58 mi-3

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

2.69 miles away

Nearest school

0.50 miles away

Nearest train station

1.99 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £165,000

March 7, 2025

Floor Plans

Description

  • Fabulous Upsize Opportunity For The Growing Family +
  • Well-Loved Family Home - Same Owner Since New +
  • Potential For Extension - Subject To Planning +
  • One Of The Cities Best Loved Locations +
  • In Need Of Some Modernisation +
  • Garage And Drive +
  • No Onward Chain +
  • QUOTE LI0465 +

Welcome to 42 Forest Hill, situated in one of the city's most loved locations, occupying a wonderful position with a ground floor extension, views of the fells to the front, mature gardens, driveway parking and a garage…. this house is your perfect upsize solution! Sold with the benefit of No Onward Chain. QUOTE LI0465. This is a fantastic opportunity to purchase a well-loved home, which had been owned by the same owner since new and now is in need of some modernisation. This fantastic property would provide a perfect home for a growing family or is equally suitable for a first-time buyer. With so much going for it and a superb kitchen extension, this house really does stand out and benefits from a fabulous amount of floor space. Additionally, there is plenty of scope for further development/extension to the side subject to relevant planning permission. On entering the property there is a wonderful, light and airy entrance porch, where you can leave jackets and shoes after a long day. Straight ahead is the main entrance hall which again is a great size with plenty of room for additional coats, bags and shoes. The hallway leads into the main living space which is filled with natural light from a large window facing the beautiful front garden and a second window facing the rear garden.  This room also features a gas fire which provides a focal point of the room and additional heat for the colder months. The extended kitchen is well equipped with a range of wall and base units providing plenty of storage and ample work surfaces with the added benefit of a large built-in cupboard. On the first floor, we have a shower room and three excellent-sized bedrooms, with the master bedroom benefitting from built-in wardrobes. Outside, the property continues to impress. The position and plot size of the house are major features.  To the front, an attractive lawned garden sets the house off perfectly, the driveway provides excellent off-road parking and direct access to the garage. The low-maintenance rear garden is a perfect place for socialising and spending time with friends and family where you can really embrace alfresco living.  The summer house is a brilliant feature, positioned in a prime spot in the rear garden, equipped with power and lighting for versatile use. It can serve as a home office, an art studio, or a quiet space for hobbies, allowing residents to enjoy their interests without disturbing the main household.  You'll just love this house and the location is simply superb. Situated on the southern fringe of the city there are a number of bus routes straight from the door excellent access to the M6 motorway at Junction 42 is quick and easy with a wealth of amenities and schools close by. Sold with the benefit of No Onward Chain. Tenure - Freehold Council Tax Band - B EPC Rating - TBC (on order) Misrepresentation Act 1967 - These particulars, whilst believed to be accurate, are set out for guidance only and do not constitute any part of an offer or contract - intending purchasers should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy. All electrical appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.

Agent Details

eXp UK, North West

03304 609968

Next Steps?

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