3 Bed Semi-Detached House, Refurb/BRRR, Carlisle, CA1 2XB, £130,000

Farlam Drive, Carlisle, CA1 2XB - 2 views - 11 days ago

Refurb/BRRR
Planning
ROI: 5%
~93 m²
+16 photos

ValuationUndervalued

Sold Prices£65K - £305K
Sold Prices/m²£833/m² - £2.5K/m²

 

 

Square Metres

~93 m²
Price/m²£1.4K/m²

Value Estimate

£133,900
BMV3%

 

 

End Value (After Refurb)

£144,179

Uplift in Value

+11%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£32,500

Stamp Duty & Legal Fees

£7,700

Refurb Costs

£36,600

Bridging Loan Interest

£3,413

Total Cash In

£81,963

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£144,179

Mortgage (After Refinance)

£108,134

Mortgage LTV

75%

Cash Released

£10,634

Cash Left In

£71,328

Equity

£36,045

Rent Range

£595 - £4,080

Rent Estimate

£978

Running Costs/mo

£666

Cashflow/mo

£312

Cashflow/yr

£3,742

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £305K, average is £130K. £833/m² to £2.5K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£145K11/220.03 mi1, Farlam Drive, Carlisle, Cumbria CA1 2XB3
£121K12/200.04 mi12, Farlam Drive, Carlisle, Cumbria CA1 2XB3
£90K05/230.04 mi32, Gilsland Road, Carlisle, Cumberland CA1 2XD3
£138.3K07/230.08 mi20, Hespek Raise, Carlisle, Cumberland CA1 2RN3
£145K09/210.08 mi41, Hespek Raise, Carlisle, Cumbria CA1 2RN3
£140K05/210.13 mi12, Geltsdale Avenue, Carlisle, Cumbria CA1 2RL3
£130K04/210.16 mi30, Broadoaks Grange, Carlisle, Cumbria CA1 2TA3
£185K11/220.16 mi6, Broadoaks Grange, Carlisle, Cumberland CA1 2TA3
£152K05/210.18 mi8, Bramerton Orchard, Carlisle, Cumbria CA1 2SH3
£68K11/200.19 mi3, Cumrew Close, Carlisle, Cumbria CA1 2XA3
£102K04/210.19 mi3, Cumrew Close, Carlisle, Cumbria CA1 2XA3
£105.5K05/230.19 mi63, Cumrew Close, Carlisle, Cumberland CA1 2XA3
£175K02/210.23 mi20, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£225K01/230.23 mi30, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£145K05/210.24 mi13, Heathfield Close, Carlisle, Cumbria CA1 2LD3
£135K03/210.24 mi12, Moorwood Close, Carlisle, Cumbria CA1 2LB3
£120K12/220.25 mi88, Durranhill Road, Carlisle, Cumbria CA1 2SZ3
£170K01/230.25 mi34, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£110K11/210.28 mi59, Scotby Close, Carlisle, Cumbria CA1 2XG3
£96K11/200.28 mi6, Scotby Close, Carlisle, Cumbria CA1 2XG3
£70K09/210.31 mi25, Merith Avenue, Carlisle, Cumbria CA1 2TW3
£146K12/220.31 mi8, Tilbury Road, Carlisle, Cumbria CA1 2SD3
£115K03/230.32 mi64, Merith Avenue, Carlisle, Cumbria CA1 2TP3
£96.5K07/230.32 mi96, Merith Avenue, Carlisle, Cumberland CA1 2TP3
£95K05/230.32 mi62, Merith Avenue, Carlisle, Cumberland CA1 2TP3
£160K04/210.36 mi463, Warwick Road, Carlisle, Cumbria CA1 2SB3
£114K03/210.37 mi54, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£152K10/210.37 mi94, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£135K07/210.37 mi90, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£125K02/210.37 mi44, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£130K12/220.39 mi7, Victoria Road, Carlisle, Cumbria CA1 2UE3
£145K12/200.4 mi394, Warwick Road, Carlisle, Cumbria CA1 2RU3
£171K10/200.42 mi8, St Joseph's Gardens, Carlisle, Cumbria CA1 2UQ3
£104K01/210.42 mi21, Heron Drive, Carlisle, Cumbria CA1 2WA3
£96K10/200.43 mi10, Ennerdale Avenue, Carlisle, Cumbria CA1 2TR3
£105K11/200.44 mi9, Rosevale, Carlisle, Cumbria CA1 3RG3
£65K02/210.49 mi53, Beverley Rise, Carlisle, Cumbria CA1 3RX3
£117K05/230.49 mi64, Pennine Way, Carlisle, Cumberland CA1 3RJ3
£145K12/220.5 mi48, Pennine Way, Carlisle, Cumbria CA1 3QL3
£135K11/210.51 mi69, Walkmill Crescent, Carlisle, Cumbria CA1 2WF3
£201K12/220.51 mi16, Walkmill Crescent, Carlisle, Cumbria CA1 2WF3
£210K07/230.51 mi81, Walkmill Crescent, Carlisle, Cumberland CA1 2WF3
£305K01/230.52 miCathay, Park Road, Scotby, Carlisle, Cumbria CA4 8AR3
£96K05/210.54 mi29, Eldon Drive, Carlisle, Cumbria CA1 3RS3
£92K02/210.55 mi42, Brantwood Avenue, Carlisle, Cumbria CA1 3RP3
£86K08/210.55 mi46, Cresswell Avenue, Carlisle, Cumbria CA1 3RL3
£99.2K01/210.55 mi16, Springfield Road, Carlisle, Cumbria CA1 3QR3
£255K10/220.56 mi89, Walkmill Crescent, Carlisle, Cumbria CA1 2WF3
£142.5K05/230.57 mi11, Falcon Mews, Carlisle, Cumberland CA1 2WE3
£115K05/230.61 mi21, Argyll Drive, Carlisle, Cumberland CA1 3PB3

Local Rents

28 rents from £595/mo to £4.1K/mo, average is £773/mo.

RentDateDistanceAddressBeds 
£80003/240.22 miNunnery Close, Carlisle, CA1 2GX3
£95004/250.32 mi-3
£4,08002/250.75 mi-3
£65004/240.84 miMeadow View, Carlisle, CA13
£87503/240.85 miPetteril Terrace, Carlisle, CA13
£90005/240.9 miLondon Road, Carlisle, CA13
£90005/240.9 miLondon Road, Carlisle, CA13
£69503/240.92 miPennine View Close, Carlisle, CA13
£62004/240.92 miPennine View Close, Carlisle, CA13
£59503/240.92 miPennine View Close, Carleton Grange3
£59504/240.92 miPennine View Close, Carleton Grange3
£72503/240.93 miLindisfarne Street, Carlisle, CA13
£70003/240.95 miLinton Street, Carlisle, CA13
£80005/240.97 miPennine View, Carlisle, CA13
£59503/241.01 miOswald Street, City Centre, Carlisle, CA13
£72503/241.02 miThomson Street, Carlisle3
£90005/241.03 miPetteril Street, City Centre, Carlisle, CA13
£90004/241.03 miPetteril Street, City Centre, Carlisle, CA13
£90004/241.05 miOval Court, Carlisle3
£90004/241.05 miOval Court, Carlisle3
£75005/241.09 miBrook Street, Carlisle, CA13
£70006/231.1 mi-3
£65003/241.1 miCarlisle, CA13
£70004/241.11 mi-3
£79503/241.13 miAshford Way, Carlisle3
£99502/241.2 mi-3
£75003/241.2 miOrfeur Street, Carlisle3
£3,25002/241.22 mi-3

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

1.97 miles away

Nearest school

0.30 miles away

Nearest train station

1.52 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £130,000

March 25, 2025

Floor Plans

Description

  • Occupying A Fantastic And Larger-Than-Average Corner Plot +
  • Three Well Proportioned Bedrooms +
  • Perfect For A Growing Family +
  • Popular Residential Location +
  • Quick And Eacy Access To The M6 Motorway +
  • Lovingly Cared For Over The Years +
  • No Onward Chain +
  • QUOTE LI0465 +

Quickly snap up this brilliant three-bedroom, semi-detached home, then take your time transforming it into your ideal family home! Welcome to 18 Farlam Drive, Carlisle. Sold with the benefit of No Onward Chain. QUOTE LI0465. Number 18 has been cherished by its current owners for many years and is now ready for a new chapter. While it may require some modern updates, everything within the home is operational, providing a fantastic opportunity for you to add your personal touch and transform it into your ideal living space. Occupying a fantastic and larger-than-average corner plot and featuring a large iconic tree in the rear garden, this superb home located on a quiet no through road has so much to offer with excellent scope for further development subject to relevant planning permission. You walk into a very spacious entrance hallway where you have plenty of room to greet family and guests when they arrive and lots of room for coats and shoes. The entrance hall also features direct access to the rear garden and offers two generous built-in storage cupboards offering excellent storage solutions. The almost 17-foot living room serves as the heart of the home, featuring a gas fire that not only provides warmth but also acts as a brilliant focal point. The room is designed to accommodate various furniture layouts, making it both versatile and functional. A large window allows for plenty of natural light to flood in during the day, creating a bright and airy atmosphere that uplifts the living space. The kitchen space is functional and ripe for personalisation. Whether you envision a modern culinary hub or a traditional kitchen with family-friendly features, the potential here is immense. Moving upstairs, the property boasts three well-proportioned bedrooms, each offering comfort and versatility. Whether you need a master bedroom, a guest room, or a home office, these spaces can be tailored to meet your needs.  Finishing off the internal accommodation nicely is a well-appointed wet room, where you can unwind and rejuvenate, complete with fully aqua-panelled walls, anti-slip flooring and modern fixtures and fittings. Completing the interior is a wet room complete with fully aqua-panelled walls and anti-slip flooring which is practical and could be updated to reflect modern design trends, enhancing both functionality and style. Externally, a major bonus of the property is the plot it is situated on. Occupying a more than generous site, the position of this house will be particularly appealing.  The front is fully paved affording a low maintenance and smart exterior that provides a wonderful place to sit and enjoy a morning coffee. The generous lawned side and rear gardens are a brilliant feature, offering a tranquil outdoor space perfect for relaxation or hosting gatherings. Whether you're looking to redevelop or enhance the outdoor space, the possibilities are endless with this vast garden space. While the house is dated, everything is in working order, giving you the perfect opportunity to update and personalise the home according to your tastes and requirements. Think of it as a blank canvas where your dream interiors can come to life. The location of this wonderful home is perfect, a few minute's drive up the road is the ever-popular village of Scotby which offers a well-renowned Primary School and an active village community including a brilliant pub and village shop/post office. Access to the M6 motorway and A69 towards Newcastle is quick and easy, Tesco supermarket is nearby and access to open green space is on your doorstep which is perfect for both family and dog walks. Given the desirable location and the flexible layout of the property, investing in upgrades and renovations could significantly increase the home’s value. This makes it not only a perfect personal residence but also a wise investment decision for the future. Tenure - Freehold  Council Tax Band - C 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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