3 Bed Terraced House, Refurb/BRRR, Carlisle, CA1 2XG, £120,000

Scotby Close, Carlisle, CA1 2XG - 2 views - 4 days ago

Refurb/BRRR
ROI: 5%
~93 m²
+10 photos

ValuationUndervalued

Sold Prices£65K - £225K
Sold Prices/m²£833/m² - £2.2K/m²

 

 

Square Metres

~93 m²
Price/m²£1.3K/m²

Value Estimate

£123,600
BMV3%

 

 

End Value (After Refurb)

£136,724

Uplift in Value

+14%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£30,000

Stamp Duty & Legal Fees

£7,200

Refurb Costs

£36,600

Bridging Loan Interest

£3,150

Total Cash In

£78,700

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£136,724

Mortgage (After Refinance)

£102,543

Mortgage LTV

75%

Cash Released

£12,543

Cash Left In

£66,157

Equity

£34,181

Rent Range

£595 - £4,080

Rent Estimate

£944

Running Costs/mo

£636

Cashflow/mo

£308

Cashflow/yr

£3,695

ROI

5%

Gross Yield

9%

Local Sold Prices

50 sold prices from £65K to £225K, average is £118.5K. £833/m² to £2.2K/m², average is £1.5K/m².

PriceDateDistanceAddressBeds 
£110K11/210.02 mi59, Scotby Close, Carlisle, Cumbria CA1 2XG3
£96K11/200.02 mi6, Scotby Close, Carlisle, Cumbria CA1 2XG3
£68K11/200.1 mi3, Cumrew Close, Carlisle, Cumbria CA1 2XA3
£102K04/210.1 mi3, Cumrew Close, Carlisle, Cumbria CA1 2XA3
£105.5K05/230.1 mi63, Cumrew Close, Carlisle, Cumberland CA1 2XA3
£135K03/210.11 mi12, Moorwood Close, Carlisle, Cumbria CA1 2LB3
£120K12/220.16 mi88, Durranhill Road, Carlisle, Cumbria CA1 2SZ3
£145K05/210.19 mi13, Heathfield Close, Carlisle, Cumbria CA1 2LD3
£105K11/200.2 mi9, Rosevale, Carlisle, Cumbria CA1 3RG3
£145K12/220.22 mi48, Pennine Way, Carlisle, Cumbria CA1 3QL3
£140K05/210.22 mi12, Geltsdale Avenue, Carlisle, Cumbria CA1 2RL3
£138.3K07/230.22 mi20, Hespek Raise, Carlisle, Cumberland CA1 2RN3
£145K09/210.22 mi41, Hespek Raise, Carlisle, Cumbria CA1 2RN3
£175K02/210.22 mi20, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£225K01/230.22 mi30, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£170K01/230.24 mi34, Alexandra Drive, Carlisle, Cumbria CA1 2LN3
£121K12/200.25 mi12, Farlam Drive, Carlisle, Cumbria CA1 2XB3
£145K11/220.26 mi1, Farlam Drive, Carlisle, Cumbria CA1 2XB3
£90K05/230.27 mi32, Gilsland Road, Carlisle, Cumberland CA1 2XD3
£99.2K01/210.27 mi16, Springfield Road, Carlisle, Cumbria CA1 3QR3
£117K05/230.28 mi64, Pennine Way, Carlisle, Cumberland CA1 3RJ3
£130K04/210.3 mi30, Broadoaks Grange, Carlisle, Cumbria CA1 2TA3
£185K11/220.3 mi6, Broadoaks Grange, Carlisle, Cumberland CA1 2TA3
£70K09/210.3 mi25, Merith Avenue, Carlisle, Cumbria CA1 2TW3
£115K05/230.32 mi21, Argyll Drive, Carlisle, Cumberland CA1 3PB3
£125K07/230.32 mi22, Argyll Drive, Carlisle, Cumberland CA1 3PB3
£124K02/230.32 mi28, Argyll Drive, Carlisle, Cumbria CA1 3PB3
£96.5K07/230.34 mi96, Merith Avenue, Carlisle, Cumberland CA1 2TP3
£95K05/230.34 mi62, Merith Avenue, Carlisle, Cumberland CA1 2TP3
£115K03/230.34 mi64, Merith Avenue, Carlisle, Cumbria CA1 2TP3
£86K08/210.35 mi46, Cresswell Avenue, Carlisle, Cumbria CA1 3RL3
£90K05/210.35 mi18, Allandale Road, Carlisle, Cumbria CA1 3SJ3
£92K02/210.37 mi42, Brantwood Avenue, Carlisle, Cumbria CA1 3RP3
£152K05/210.38 mi8, Bramerton Orchard, Carlisle, Cumbria CA1 2SH3
£96K05/210.39 mi29, Eldon Drive, Carlisle, Cumbria CA1 3RS3
£65K02/210.4 mi53, Beverley Rise, Carlisle, Cumbria CA1 3RX3
£96K10/200.41 mi10, Ennerdale Avenue, Carlisle, Cumbria CA1 2TR3
£105K03/210.46 mi2, Meadow View, Carlisle, Cumbria CA1 3JN3
£104K01/210.48 mi21, Heron Drive, Carlisle, Cumbria CA1 2WA3
£110K12/210.5 mi8, Crossways, Carlisle, Cumbria CA1 3JW3
£87.5K10/200.5 mi22, Crossways, Carlisle, Cumbria CA1 3JW3
£171K10/200.5 mi8, St Joseph's Gardens, Carlisle, Cumbria CA1 2UQ3
£130K12/220.55 mi7, Victoria Road, Carlisle, Cumbria CA1 2UE3
£146K12/220.56 mi8, Tilbury Road, Carlisle, Cumbria CA1 2SD3
£114K03/210.56 mi54, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£152K10/210.56 mi94, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£135K07/210.56 mi90, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£125K02/210.56 mi44, Eden Park Crescent, Carlisle, Cumbria CA1 2UF3
£145K09/210.57 mi2, Huntsman Lane, Carlisle, Cumbria CA1 3TQ3
£135K11/210.57 mi69, Walkmill Crescent, Carlisle, Cumbria CA1 2WF3

Local Rents

34 rents from £595/mo to £4.1K/mo, average is £750/mo.

RentDateDistanceAddressBeds 
£80003/240.37 miNunnery Close, Carlisle, CA1 2GX3
£95004/250.51 mi-3
£65004/240.56 miMeadow View, Carlisle, CA13
£87503/240.64 miPetteril Terrace, Carlisle, CA13
£90005/240.67 miLondon Road, Carlisle, CA13
£90005/240.67 miLondon Road, Carlisle, CA13
£69503/240.73 miPennine View Close, Carlisle, CA13
£62004/240.73 miPennine View Close, Carlisle, CA13
£59503/240.73 miPennine View Close, Carleton Grange3
£59504/240.73 miPennine View Close, Carleton Grange3
£80005/240.78 miPennine View, Carlisle, CA13
£4,08002/250.79 mi-3
£70006/230.82 mi-3
£90004/240.83 miOval Court, Carlisle3
£90004/240.83 miOval Court, Carlisle3
£72503/240.84 miLindisfarne Street, Carlisle, CA13
£79503/240.85 miAshford Way, Carlisle3
£70003/240.88 miLinton Street, Carlisle, CA13
£59503/240.9 miOswald Street, City Centre, Carlisle, CA13
£72503/240.92 miThomson Street, Carlisle3
£75005/240.99 miBrook Street, Carlisle, CA13
£70004/240.99 miLightfoot Drive, Carlisle, CA13
£71501/241.01 mi-3
£69508/231.02 mi-3
£90005/241.03 miPetteril Street, City Centre, Carlisle, CA13
£90004/241.03 miPetteril Street, City Centre, Carlisle, CA13
£1,10004/241.03 miFarbrow Road, Carlisle3
£70004/241.04 mi-3
£65003/241.1 miCarlisle, CA13
£3,25002/241.13 mi-3
£99502/241.13 mi-3
£75003/241.17 miClementina Terrace3
£75003/241.17 miOrfeur Street, Carlisle3
£75003/241.2 miBlackwell Road, Carlisle3

Local Area Statistics

Population in CA1

24,515

Population in Carlisle

103,015

Town centre distance

2.01 miles away

Nearest school

0.50 miles away

Nearest train station

1.47 miles away

 

 

Rental demand

Tenant's market

Rental growth (12m)

+13%

Sales demand

Seller's market

Capital growth (5yrs)

+14%

Property History

Listed for £120,000

April 1, 2025

Description

  • End-terraced property +
  • Three bedrooms +
  • Open plan living +
  • Parking & gardens +
  • No through road +
  • No onward chain +

A three bedroom, end-terraced property situated on a no-through road and sold with the benefit of no onward chain. The accommodation briefly comprises 25’ open plan dining lounge/kitchen, two double bedrooms, single bedroom and first floor bathroom (which does require some renovation). Block paved parking, low maintenance front garden and lawned rear garden with paved patio and timber shed currently used as a workshop with light and power. Situated to the east of the city close to many amenities including shops, supermarkets, schools and the M6 motorway at junction 43. The accommodation with approximate measurements briefly comprises: Front door into the 25’ open plan dining lounge/kitchen.

Agent Details

Cumbrian Properties, Carlisle

01228 276406

Next Steps?

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