3 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA2 4BY, £85,000

Lund Crescent, Carlisle, Cumbria, CA2 4BY - 2 views - 15 days ago

Auction
Refurb/BRRR
ROI: 5%
~93 m²
+5 photos

ValuationUndervalued

Sold Prices£64K - £181K
Sold Prices/m²£634/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£914/m²

Value Estimate

£87,550
BMV3%

 

 

End Value (After Refurb)

£116,944

Uplift in Value

+38%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£21,250

Stamp Duty & Legal Fees

£5,450

Refurb Costs

£36,400

Bridging Loan Interest

£2,231

Total Cash In

£67,081

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£116,944

Mortgage (After Refinance)

£87,708

Mortgage LTV

75%

Cash Released

£23,958

Cash Left In

£43,123

Equity

£29,236

Rent Range

£525 - £3,250

Rent Estimate

£851

Running Costs/mo

£556

Cashflow/mo

£295

Cashflow/yr

£3,544

ROI

5%

Gross Yield

12%

Local Sold Prices

50 sold prices from £64K to £181K, average is £120K. £634/m² to £2.2K/m², average is £1.3K/m².

PriceDateDistanceAddressBeds 
£101.5K12/200.05 mi1, Webster Crescent, Carlisle, Cumbria CA2 4DA3
£82K01/210.07 mi34, Coney Street, Carlisle, Cumbria CA2 4BX3
£105K04/230.12 mi18, Maryport Court, Carlisle, Cumberland CA2 5LY3
£100K06/230.12 mi89, Lund Crescent, Carlisle, Cumberland CA2 4BZ3
£154K06/230.13 mi50, Coney Street, Carlisle, Cumberland CA2 4BW3
£181K06/210.13 mi35, Lediard Avenue, Carlisle, Cumbria CA2 4BS3
£120K08/210.14 mi125, Currock Road, Carlisle, Cumbria CA2 4BH3
£120K07/210.16 mi2, Bousteads Grassing, Carlisle, Cumbria CA2 5LQ3
£127.5K08/230.17 mi130, Blackwell Road, Carlisle, Cumberland CA2 4DT3
£120K02/210.17 mi1b, Alton Street, Carlisle, Cumbria CA2 4DX3
£170K01/230.17 mi123, Currock Park Avenue, Carlisle, Cumbria CA2 4DH3
£125K06/210.17 mi10, Currock Park Avenue, Carlisle, Cumbria CA2 4DH3
£151K04/210.17 mi146, Currock Park Avenue, Carlisle, Cumbria CA2 4DH3
£127K04/230.17 mi5, Currock Park Avenue, Carlisle, Cumberland CA2 4DH3
£116K02/230.17 mi130, Blackwell Road, Carlisle, Cumbria CA2 4DT3
£150K04/230.18 mi83, Currock Park Avenue, Carlisle, Cumberland CA2 4DJ3
£140K11/200.18 mi35, Currock Park Avenue, Carlisle, Cumbria CA2 4DJ3
£130K12/200.19 mi195, Blackwell Road, Carlisle, Cumbria CA2 4DS3
£110K03/210.19 mi102, Blackwell Road, Carlisle, Cumbria CA2 4DZ3
£152K02/230.19 mi31, Currock Road, Carlisle, Cumbria CA2 4AS3
£85K02/210.22 mi7, Lund Crescent, Carlisle, Cumbria CA2 4DB3
£129K01/210.23 mi1, Boston Avenue, Carlisle, Cumbria CA2 4DR3
£65K12/200.24 mi67, Montreal Street, Carlisle, Cumbria CA2 4EE3
£73K04/210.24 mi34, Montreal Street, Carlisle, Cumbria CA2 4EE3
£95K11/210.24 mi34, Blackwell Road, Carlisle, Cumbria CA2 4EQ3
£140K12/200.26 mi59, Millholme Avenue, Carlisle, Cumbria CA2 4DW3
£141K09/210.26 mi10, Maitland Street, Carlisle, Cumbria CA2 4ED3
£100K08/210.27 mi16, North Street, Carlisle, Cumbria CA2 5LN3
£145K04/230.28 mi11, Arthur Street, Carlisle, Cumberland CA2 4AN3
£140K12/200.29 mi197, Denton Street, Carlisle, Cumbria CA2 5JY3
£100K10/210.29 mi17, Goodwin Close, Carlisle, Cumbria CA2 4AH3
£150K06/230.31 mi110, Boundary Road, Carlisle, Cumberland CA2 4HT3
£115K03/230.32 mi1, Clementina Terrace, Carlisle, Cumberland CA2 4EN3
£66K12/200.32 mi3, Sewell Road, Carlisle, Cumbria CA2 4QP3
£74K03/210.34 mi35, Ridley Road, Carlisle, Cumbria CA2 4LB3
£105K01/230.34 mi42, Ridley Road, Carlisle, Cumbria CA2 4LB3
£118K06/230.34 mi3, Blunt Street, Carlisle, Cumberland CA2 5LT3
£130K04/210.34 mi29, Blunt Street, Carlisle, Cumbria CA2 5LT3
£64K03/210.35 mi98, Harrison Street, Carlisle, Cumbria CA2 4ER3
£140K12/210.36 mi25, Freer Street, Carlisle, Cumbria CA2 5JX3
£144K11/210.36 mi3, Freer Street, Carlisle, Cumbria CA2 5JX3
£158K04/230.36 mi78, Coogan Close, Carlisle, Cumberland CA2 5SG3
£115K03/230.36 mi76, Coogan Close, Carlisle, Cumberland CA2 5SG3
£85.5K10/210.36 mi21, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£85.5K10/210.36 mi21, Blackwell Road, Carlisle, Cumbria CA2 4AB3
£110K06/210.37 mi4, Millbank Court, Carlisle, Cumbria CA2 4HY3
£125K10/210.38 mi289a, Blackwell Road, Carlisle, Cumbria CA2 4RD3
£115K11/210.38 mi55, East Norfolk Street, Carlisle, Cumbria CA2 5JL3
£150K03/230.39 mi7, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY3
£161K11/210.39 mi9, Mcilmoyle Way, Carlisle, Cumbria CA2 5GY3

Local Rents

24 rents from £525/mo to £3.3K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£62503/240.22 miLund Crescent, Carlisle3
£79503/240.22 miBeaconsfield Street, Carlisle, CA23
£62504/240.22 miMontreal Street, Currock, Carlisle3
£65008/230.29 mi-3
£67503/240.29 miMillholme Avenue, Carlisle, CA23
£67503/240.29 miMillholme Avenue, Carlisle, CA23
£67503/240.29 miMillholme Avenue, Carlisle, CA23
£75003/240.31 miBlackwell Road, Carlisle3
£75003/240.34 miClementina Terrace3
£65003/240.36 miEast Norfolk Street, Carlisle3
£52504/240.38 miEast Norfolk Street, Carlisle, CA23
£72505/240.38 miEast Norfolk Street, Carlisle, CA23
£75003/240.39 miMcilmoyle Way, Denton Holme, Carlisle, CA23
£99503/240.42 miBeaumont Road, Carlisle3
£75005/240.42 miBuchanan Road, Carlisle3
£75005/240.42 miBuchanan Road, Carlisle3
£87503/240.45 miNewlands Road, Carlisle, CA23
£87503/240.45 miNewlands Road, Carlisle, CA23
£85004/240.45 miNewlands Road, Carlisle, CA23
£83504/230.49 mi-3
£75009/240.55 mi-3
£79505/240.56 miTrafalgar Street, Denton Holme, Carlisle3
£3,25002/240.59 mi-3
£85004/240.61 miNelson Street, Carlisle, CA23

Local Area Statistics

Population in CA2

39,646

Population in Carlisle

103,015

Town centre distance

1.39 miles away

Nearest school

0.30 miles away

Nearest train station

0.68 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

-2%

Sales demand

Seller's market

Capital growth (5yrs)

+16%

Property History

Listed for £85,000

March 21, 2025

Floor Plans

Description

  • 3 Bedrooms +
  • Entrance Hall +
  • Living Room +
  • Kitchen +
  • Cloakroom +
  • Utility Room +
  • Bathroom +

Selling by Modern Method of Auction, this three bedroom semi-detached property is located in the Currock area. The accommodation comprises of entrance hallway, living room, kitchen, utility room, cloakroom. The first floor has three bedrooms and a family bathroom. Externally is a front and side garden, to the rear is a patio area. Some cosmetic modernisation required.

Situation

The property is in the Currock area of Carlisle, ideally located for a range of local shops and amenities, including community centre, Hammonds Pond and Carlisle Racecourse. Primary Schools - St Margaret Mary's RC and Bishop Harvey Goodwin - are less than a mile away. Jct 42 of M6 motorway is 3.5 miles away. A6 to Penrith and Jct 42 of M6 motorway a 10 min drive 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.

CAR250071/2

Agent Details

YOUR MOVE - Property @ Cumbria, Carlisle

01228 276062

Next Steps?

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