3 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 5SL, £115,000

311 Shankly Road, Carlisle, CA2 5SL - a month ago

Sold STC
Refurb/BRRR
ROI: 3%
~93 m²
+16 photos

ValuationUndervalued

Sold Prices£60K - £235K
Sold Prices/m²£812/m² - £2.3K/m²

 

 

Square Metres

~93 m²
Price/m²£1.2K/m²

Value Estimate

£118,450
BMV3%

 

 

End Value (After Refurb)

£134,800

Uplift in Value

+17%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£28,750

Stamp Duty & Legal Fees

£6,950

Refurb Costs

£36,400

Bridging Loan Interest

£3,019

Total Cash In

£76,869

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£134,800

Mortgage (After Refinance)

£101,100

Mortgage LTV

75%

Cash Released

£14,850

Cash Left In

£62,019

Equity

£33,700

Rent Range

£525 - £1,150

Rent Estimate

£756

Running Costs/mo

£592

Cashflow/mo

£164

Cashflow/yr

£1,963

ROI

3%

Gross Yield

8%

Local Sold Prices

50 sold prices from £60K to £235K, average is £125K. £812/m² to £2.3K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£118K06/230.04 mi3, Blunt Street, Carlisle, Cumberland CA2 5LT3
£130K04/210.04 mi29, Blunt Street, Carlisle, Cumbria CA2 5LT3
£140K12/200.05 mi197, Denton Street, Carlisle, Cumbria CA2 5JY3
£140K12/210.05 mi25, Freer Street, Carlisle, Cumbria CA2 5JX3
£144K11/210.05 mi3, Freer Street, Carlisle, Cumbria CA2 5JX3
£100K08/210.09 mi16, North Street, Carlisle, Cumbria CA2 5LN3
£125K07/230.12 mi38, Cumberland Street, Carlisle, Cumberland CA2 5JH3
£145K01/230.15 mi60, Richardson Street, Carlisle, Cumbria CA2 6AA3
£120K11/210.15 mi23, Richardson Street, Carlisle, Cumbria CA2 6AA3
£127K11/200.15 mi7, Richardson Street, Carlisle, Cumbria CA2 6AA3
£145K04/230.16 mi86, Richardson Street, Carlisle, Cumberland CA2 6AG3
£120K07/210.18 mi2, Bousteads Grassing, Carlisle, Cumbria CA2 5LQ3
£115K11/210.18 mi55, East Norfolk Street, Carlisle, Cumbria CA2 5JL3
£158K04/230.19 mi78, Coogan Close, Carlisle, Cumberland CA2 5SG3
£115K03/230.19 mi76, Coogan Close, Carlisle, Cumberland CA2 5SG3
£118K02/230.22 mi7, Well Bank, Carlisle, Cumbria CA2 6EQ3
£105K04/230.22 mi18, Maryport Court, Carlisle, Cumberland CA2 5LY3
£107K02/210.22 mi5, Ferguson Place, Carlisle, Cumbria CA2 6EF3
£125K01/230.23 mi19, Ferguson Road, Carlisle, Cumbria CA2 6EG3
£171K02/230.25 mi49, Holme Head Way, Carlisle, Cumbria CA2 6AJ3
£145K01/230.25 mi2, Well Bank, Carlisle, Cumbria CA2 6EQ3
£150K03/230.25 mi7, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY3
£161K11/210.25 mi9, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY3
£102.5K02/210.26 mi160, Richardson Street, Carlisle, Cumbria CA2 6AL3
£125K02/230.26 mi146, Richardson Street, Carlisle, Cumbria CA2 6AL3
£100K06/230.3 mi89, Lund Crescent, Carlisle, Cumberland CA2 4BZ3
£87.5K11/210.3 mi63, Trafalgar Street, Carlisle, Cumbria CA2 5XX3
£107K10/210.3 mi45, Trafalgar Street, Carlisle, Cumbria CA2 5XX3
£128K01/230.31 mi99, Denton Street, Carlisle, Cumbria CA2 5EG3
£185.5K07/230.32 mi1, Clifton Street, Carlisle, Cumberland CA2 5NG3
£110K08/210.32 mi33, Diggle Road, Carlisle, Cumbria CA2 6EJ3
£82K11/200.32 mi26, Diggle Road, Carlisle, Cumbria CA2 6EJ3
£195K02/210.33 mi27, St James Road, Carlisle, Cumbria CA2 5NX3
£115K12/200.34 mi34, Percy Road, Carlisle, Cumbria CA2 6ES3
£101.5K12/200.34 mi1, Webster Crescent, Carlisle, Cumbria CA2 4DA3
£94K06/230.36 mi25, Percy Road, Carlisle, Cumberland CA2 6ER3
£181K06/210.38 mi35, Lediard Avenue, Carlisle, Cumbria CA2 4BS3
£198K12/200.38 mi121, Dalston Road, Carlisle, Cumbria CA2 5PL3
£82K01/210.39 mi34, Coney Street, Carlisle, Cumbria CA2 4BX3
£69K02/210.39 mi33, Lime Street, Carlisle, Cumbria CA2 5ED3
£97K06/210.4 mi61, Prescott Road, Carlisle, Cumbria CA2 6ED3
£85K02/210.41 mi7, Lund Crescent, Carlisle, Cumbria CA2 4DB3
£235K12/200.42 mi128, Dalston Road, Carlisle, Cumbria CA2 5PJ3
£60K06/230.42 mi110, Dalston Road, Carlisle, Cumberland CA2 5PN3
£152K02/230.42 mi31, Currock Road, Carlisle, Cumbria CA2 4AS3
£150K04/230.43 mi83, Currock Park Avenue, Carlisle, Cumberland CA2 4DJ3
£140K11/200.43 mi35, Currock Park Avenue, Carlisle, Cumbria CA2 4DJ3
£151K11/210.44 mi25, Pugin Street, Carlisle, Cumbria CA2 5NT3
£154K06/230.44 mi50, Coney Street, Carlisle, Cumberland CA2 4BW3
£134.5K02/230.45 mi7, Dalston Road, Carlisle, Cumbria CA2 5NP3

Local Rents

23 rents from £525/mo to £1.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£52504/240.19 miEast Norfolk Street, Carlisle, CA23
£72505/240.19 miEast Norfolk Street, Carlisle, CA23
£65003/240.21 miEast Norfolk Street, Carlisle3
£83504/230.23 mi-3
£75003/240.25 miMcilmoyle Way, Denton Holme, Carlisle, CA23
£79505/240.31 miTrafalgar Street, Denton Holme, Carlisle3
£85004/240.32 miNelson Street, Carlisle, CA23
£89503/240.34 miSt James Avenue, Carlisle3
£75010/240.37 mi-3
£62503/240.42 miLund Crescent, Carlisle3
£1,15003/250.42 mi-3
£79503/240.48 miBeaconsfield Street, Carlisle, CA23
£65003/240.49 miSkiddaw Road, Carlisle, CA23
£89504/230.5 mi-3
£85003/240.51 miBedford Road, Carlisle3
£85003/240.51 miBedford Road, Carlisle3
£62504/240.54 miMontreal Street, Currock, Carlisle3
£75003/240.57 miBlackwell Road, Carlisle3
£75003/240.61 miClementina Terrace3
£67503/240.61 miMillholme Avenue, Carlisle, CA23
£67503/240.61 miMillholme Avenue, Carlisle, CA23
£67503/240.61 miMillholme Avenue, Carlisle, CA23
£65008/230.61 mi-3

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

1.19 miles away

Nearest school

0.10 miles away

Nearest train station

0.60 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £115,000

March 12, 2025

Floor Plans

Description

  • Semi-Detached House +
  • Popular Denton Holme Location +
  • Excellent Scope for Modernisation and Improvement +
  • Spacious Living Room with Front Aspect Window +
  • Dining Kitchen with Garden Access +
  • Three Bedrooms +
  • First Floor Bathroom +
  • Front & Rear Gardens +
  • Off-Street Parking for Two Vehicles plus EV Charger +
  • EPC - D +

PROPERTY LAUNCH - Wednesday 19th March between 3pm and 5pm. Contact Hunters today to schedule your private viewing appointment.

This three-bedroom semi-detached house, situated within the popular area of Denton Holme, presents an exciting opportunity for those looking to add their own stamp to a property. Offering excellent scope for modernisation and improvement, this home has fantastic potential to be transformed into a wonderful first-time purchase, comfortable family home, or a promising investment opportunity. Externally, the property benefits from off-road parking, an EV charging point, and a generously sized rear garden - perfect for outdoor enjoyment and further landscaping potential. With its desirable location and endless possibilities, a viewing is essential to appreciate the space, setting, and remarkable potential this home has to offer. Contact Hunters today.

The accommodation, which has gas central heating and double glazing throughout, briefly comprises a entrance hall, kitchen and living/dining room to the ground floor with a landing, three bedrooms and bathroom to the first floor. Externally there is off-road parking and gardens to the front and rear. EPC - D and Council Tax Band - A.

Located in the popular Urban Village of Denton Holme which boasts a variety of amenities, including local convenience stores, entertainment venues, florist, take-away restaurants and a reputable primary school. The walk into the city centre takes less than 15 minutes and with beautiful river walks on the doorstep of Denton Holme, it truly is an excellent area to live. Access to the City Bypass via Dalston Road or Wigton Road within 10 minutes’ drive or through the City to the M6 motorway within 15 minutes.

Ground Floor: -

Entrance Hall - Entrance door from the front, internal door to the living room, radiator and stairs to the first floor landing.

Living Room - 4.62m x 3.10m (15'2" x 10'2") - Double glazed window to the front aspect, radiator, gas fire, internal door to the dining kitchen and an under-stairs cupboard with lighting internally.

Dining Kitchen - 4.42m x 2.39m (14'6" x 7'10") - Fitted kitchen comprising a range of base and wall units with worksurfaces and tiled splashbacks above. Freestanding cooker, space and plumbing for a washing machine, space for a fridge freezer, one and a half bowl sink with mixer tap, wall-mounted gas boiler, radiator, double glazed window to the rear aspect and double glazed sliding patio door to the rear garden.

First Floor: -

Landing - Stairs up from the ground floor hall, internal doors to three bedrooms and bathroom, and a loft-access point.

Bedroom One - 4.45m x 2.59m (14'7" x 8'6") - Two double glazed windows to the front aspect, radiator and an over-stairs cupboard. Measurements to the maximum points.

Bedroom Two - 3.00m x 2.46m (9'10" x 8'1") - Double glazed window to the rear aspect and a radiator. Measurements to the maximum points.

Bedroom Three - 2.39m x 1.88m (7'10" x 6'2") - Double glazed window to the rear aspect and a radiator. Measurements to the maximum points.

Bathroom - 2.46m x 1.37m (8'1" x 4'6") - Three piece suite comprising a WC, pedestal wash hand basin and bath with shower over. Part-tiled walls, radiator, extractor fan and an obscured double glazed window.

External: - Front Garden & Driveway:
Lawned front garden with mature trees/scrubs. Tarmac driveway extending to the side allowing off-street parking for two vehicles along with a fitted EV charging point and an access gate to the rear garden.
Rear Garden:
Enclosed rear garden benefitting a paved seating area, lawned garden and an external cold water tap.

What3words - For the location of this property please visit the What3Words App and enter - mute.silks.torch

Agent Details

Hunters, Carlisle

01228 276402

Next Steps?

This deal was sourced from Rightmove. Contact the landlord/agent for a viewing now 💪