2 Bed Terraced House, Refurb/BRRR, Carlisle, CA2 4PU, £75,000

Henderson Road, Carlisle, Cumbria, CA2 4PU - 3 views - 23 days ago

Refurb/BRRR
ROI: 4%
~68 m²
+3 photos

ValuationFair Value

Sold Prices£51K - £180K
Sold Prices/m²£903/m² - £2.1K/m²

 

 

Square Metres

~68.11 m²
Price/m²£1.1K/m²

Value Estimate

£76,500

 

 

End Value (After Refurb)

£92,774

Uplift in Value

+24%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£18,750

Stamp Duty & Legal Fees

£4,950

Refurb Costs

£26,658

Bridging Loan Interest

£1,969

Total Cash In

£54,077

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£92,774

Mortgage (After Refinance)

£69,581

Mortgage LTV

75%

Cash Released

£13,331

Cash Left In

£40,747

Equity

£23,194

Rent Range

£525 - £725

Rent Estimate

£631

Running Costs/mo

£436

Cashflow/mo

£195

Cashflow/yr

£2,339

ROI

4%

Gross Yield

10%

Local Sold Prices

50 sold prices from £51K to £180K, average is £89.5K. £903/m² to £2.1K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£56.5K11/210.12 mi156, Scalegate Road, Carlisle, Cumbria CA2 4PR2
£160K01/210.21 mi339, Blackwell Road, Carlisle, Cumbria CA2 4RU2
£75K08/210.21 mi323, Blackwell Road, Carlisle, Cumbria CA2 4RU2
£87K05/210.3 mi5, Upperby Way, Carlisle, Cumbria CA2 4GJ2
£75K04/210.32 mi5, Oaklands Drive, Carlisle, Cumbria CA2 4NH2
£88K08/210.35 mi1, Maitland Street, Carlisle, Cumbria CA2 4ED2
£125K04/230.39 mi88, Boundary Road, Carlisle, Cumberland CA2 4HT2
£115K07/210.39 mi88, Boundary Road, Carlisle, Cumbria CA2 4HT2
£76.7K05/210.42 mi24, Manor Place, Carlisle, Cumbria CA2 4LP2
£110K11/200.43 mi246, Scalegate Road, Carlisle, Cumbria CA2 4NL2
£120K06/230.46 mi49, Sunnymeade, Carlisle, Cumberland CA2 4NS2
£71K03/210.46 mi55, Sunnymeade, Carlisle, Cumbria CA2 4NS2
£81K01/230.47 mi67, Sunnymeade, Carlisle, Cumbria CA2 4NS2
£155K06/230.47 mi49, Brisco Road, Carlisle, Cumberland CA2 4PF2
£75K11/200.48 mi21, Sunnymeade, Carlisle, Cumbria CA2 4NR2
£92.5K03/230.48 mi13, Lediard Avenue, Carlisle, Cumberland CA2 4BP2
£122.3K01/210.49 mi54, Brisco Road, Carlisle, Cumbria CA2 4NX2
£56K04/210.53 mi13, Boundary Road, Carlisle, Cumbria CA2 4HH2
£128.3K11/200.53 mi48, Currock Road, Carlisle, Cumbria CA2 4BJ2
£130K09/210.57 mi32, Grasmere Street, Carlisle, Cumbria CA2 4AR2
£85K05/230.57 mi3, Hasell Street, Carlisle, Cumberland CA2 4HB2
£83K04/210.58 mi9, Coney Street, Carlisle, Cumbria CA2 4BQ2
£71K03/230.58 mi10, Coney Street, Carlisle, Cumberland CA2 4BQ2
£89K06/230.58 mi9, Coney Street, Carlisle, Cumberland CA2 4BQ2
£75.5K02/230.59 mi5, Robinson Street, Carlisle, Cumbria CA2 4ES2
£85K05/230.59 mi80, Harrison Street, Carlisle, Cumberland CA2 4ER2
£100K03/210.6 mi34, Clementina Terrace, Carlisle, Cumbria CA2 4EN2
£116K02/230.62 mi7, Arthur Street, Carlisle, Cumbria CA2 4AN2
£90K11/200.63 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£80K11/210.63 mi25, Esther Street, Carlisle, Cumbria CA2 4HA2
£95K06/230.63 mi35, Esther Street, Carlisle, Cumberland CA2 4HA2
£110K11/200.63 mi28, Esther Street, Carlisle, Cumbria CA2 4HA2
£125K07/230.63 mi21, Red Bank Terrace, Carlisle, Cumberland CA2 4BD2
£72.5K04/230.64 mi28, Harrison Street, Carlisle, Cumberland CA2 4EP2
£85K07/210.64 mi18, Harrison Street, Carlisle, Cumbria CA2 4EP2
£57.5K04/210.64 mi38, Harrison Street, Carlisle, Cumbria CA2 4EP2
£63K06/210.65 mi51, Gloucester Road, Carlisle, Cumbria CA2 4EW2
£107K02/230.67 mi12, Maryport Cottages, Carlisle, Cumbria CA2 5LH2
£85K01/230.71 mi2, Regent Street, Carlisle, Cumbria CA2 4HD2
£110K03/210.73 mi18, Broome Court, Carlisle, Cumbria CA1 2RA2
£110K05/210.73 mi10, Broome Court, Carlisle, Cumbria CA1 2RA2
£100K11/200.73 mi2, Broome Court, Carlisle, Cumbria CA1 2RA2
£53K02/230.73 mi16, Bousteads Grassing, Carlisle, Cumbria CA2 5LQ2
£123K03/230.75 mi11, Herbert Street, Carlisle, Cumberland CA1 2QE2
£51K03/230.79 mi9, Lightfoot Drive, Carlisle, Cumberland CA1 3BN2
£101K02/210.85 mi5, Shankly Road, Carlisle, Cumbria CA2 5SL2
£73K02/210.85 mi3, Stokoe Court, Carlisle, Cumbria CA2 5SE2
£105.5K01/210.87 mi11, Beveridge Road, Carlisle, Cumbria CA2 5SA2
£180K12/220.9 mi355, London Road, Carlisle, Cumberland CA1 3EY2
£97.5K08/210.9 mi29, East Dale Street, Carlisle, Cumbria CA2 5JZ2

Local Rents

16 rents from £525/mo to £725/mo, average is £638/mo.

RentDateDistanceAddressBeds 
£60004/240.04 miHenderson Road, Carlisle, CA22
£62503/240.27 miBlackwell Road, Carlisle2
£57504/240.31 miLamb Street, Upperby, Carlisle, CA22
£62503/240.36 miBlackwell Road, Carlisle2
£62504/240.36 miBlackwell Road, Carlisle2
£55004/240.37 miSt Ninians Road, Upperby, Carlisle2
£65004/240.41 miMontreal Street, Carlisle2
£65004/240.41 miMontreal Street, Carlisle2
£65004/240.41 miMontreal Street, Carlisle2
£52504/240.43 miMontreal Street, Currock2
£55003/240.46 miBrisco Meadows, Carlisle2
£65004/240.46 mi-2
£72505/240.48 miMayson Street, Carlisle, CA22
£72505/240.48 mi-2
£67503/240.57 miHasell Street, Carlisle2
£69504/240.58 miThirlmere Street, Carlisle2

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

1.95 miles away

Nearest school

0.20 miles away

Nearest train station

1.21 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £75,000

March 20, 2025

Floor Plans

Description

  • 2 Bedrooms +
  • Entrance Hall +
  • Living Room +
  • Kitchen +
  • Bathroom +
  • External +
  • Additional +

Set in a cul-de-sac location on Henderson Road is this two bedroom mid terrace, ideally located overlooking Hammonds Pond area from the rear. The accommodation consists of entrance hallway, living room, kitchen. The first floor offers two double bedrooms and a family bathroom. Externally is a shared path and front garden, to the rear is a patio with dog kennels. Some modernisation required. NO ONWARD CHAIN.

Situation

The property is ideally located for a range of local shops and amenities, including Hammonds Pond and Carlisle Racecourse. Primary Schools - St Margaret Mary's RC, Upperby and Bishop Harvey Goodwin - are close by. A6 to Penrith and Jct 42 of M6 motorway approx 3 miles away. Regular bus route nearby.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

CAR250191/2

Agent Details

YOUR MOVE - Property @ Cumbria, Carlisle

01228 276062

Next Steps?

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