Back
Guide Price
£157,000 Guide Price

78 Warwick Road, Carlisle, CA1 1DU

(208186067)

Loading...

4

days

7

hours

32

minutes

7

seconds

Want to make an offer?

Offer Now

Loading...

4

days

7

hours

32

minutes

7

seconds

Type

Terraced House

Ownership

Freehold

Occupation

Occupied, Vacant

Bedrooms

5

Council Tax

Band: A
Access documents
Rare Attractive Residential Development Opportunity

Details

Property Summary

    • Prime Property Auctions is excited to present this excellent BRRR opportunity. 5 bedroom mid terrace house, split into 3 flats, located within a prime location in Carlisle ***Guide Price of £160,000***

    •  ***Apartment 4, 10, Lismore Place, Carlisle, CA1 1LX Previously sold for £175,000. 26, Hanson Place, Carlisle, CA1 1NG Previously sold for £185,000. Apartment 2, 3 Portland Square, Carlisle, CA1 1AG Previously sold for £190,000***

    • Property comprises 3 separate units, the ground floor flat is currently tenanted at £650 p/m. This provides an annual income of £7,800. Planning has been approved for conversion for another 2 bed and studio apartment. Excellent Capital Growth Potential. 

    • Property requires renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project and excellent BRRR opportunity.

    • Property is located near a whole host of local amenities including a shopping centre, restaurants and coffee shops, close to schools with public transport easily accessible nearby.

    Prime Property Auctions NEW Entry. Excellent BRRR opportunity. 5 bedroom mid terrace house,split into 3 flats, located within a prime location in Carlisle ***Guide Price of £160,000***

    Property Comprises: 

    Ground Floor Flat: 2 bedroom Flat: Currently tenanted at £650 p/m. 

    Middle Floor Flat: Ready for conversion renovation for 2 Large Double Bedrooms, Bathroom, Kitchen, Living area. 

    Top Floor Flat: Ready for conversion into studio flat

    Once fully renovated, the property could command a collective rental income of £21,000 - £23,000 p/a. This would provide an excellent 13% gross yield if achieved for a guide price of £160,000. 

    Potential for each apartment to be sold as separate units once renovated. The local area has seen some great sales recently showing strong demand. 

    Local Sales Evidence for flats in the area: 

     ***Apartment 4, 10, Lismore Place, Carlisle, CA1 1LX Previously sold for £175,000. 26, Hanson Place, Carlisle, CA1 1NG Previously sold for £185,000. Apartment 2, 3 Portland Square, Carlisle, CA1 1AG Previously sold for £190,000***

    Property requires full renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project with remarkable capital growth potential. Excellent BRRR Opportunity .

    The local areas have seen some great sales recently showing that there is strong demand recently, should you wish to offer NOW, you can do so via our “Offer NOW” button on our website.

    This lot is open to immediate offers and offered at a fantastic price to ensure an Auction sale.

     The property will feature in our upcoming timed online auction. To participate in the live auction, you must have a bidding account created. For further details on how to have a bidding account created please contact the team.

     

    Location:

    Carlisle, located in the county of Cumbria in northwest England, is a city with a rich history and strategic location, making it an appealing place to live and invest. Known as the "Great Border City," Carlisle offers a blend of historical charm and modern amenities. The city's proximity to the Lake District and the Scottish border provides residents with access to stunning natural landscapes and outdoor activities. Carlisle’s economy is diverse, with key sectors including logistics, manufacturing, and retail, supported by its excellent transportation links, including a major railway station and proximity to the M6 motorway. The University of Cumbria adds to the educational appeal and fosters a vibrant community of students and academics. Additionally, Carlisle’s affordable property market and ongoing regeneration projects enhance its investment potential, making it an attractive choice for both residents and investors.

Deposit & Fee Calculator

10%, minimum deposit £3,000

3% + VAT with a £4,000 minimum fee (inc VAT)

Total payable today if offer accepted (deposit + fee)

£0

Need help funding this purchase?

Get Instant Finance Quote

Location

Terms of Sale

All buyers must verify terms prior to placing a bid. Some sellers may have variations within their contracts. Should you place a bid you are confirming you are happy to proceed as per the Terms of the contract.

Property Features

  • Prime Property Auctions is excited to present this excellent BRRR opportunity. 5 bedroom mid terrace house, split into 3 flats, located within a prime location in Carlisle ***Guide Price of £160,000***
  • ***Apartment 4, 10, Lismore Place, Carlisle, CA1 1LX Previously sold for £175,000. 26, Hanson Place, Carlisle, CA1 1NG Previously sold for £185,000. Apartment 2, 3 Portland Square, Carlisle, CA1 1AG Previously sold for £190,000***
  • Property comprises 3 separate units, the ground floor flat is currently tenanted at £650 p/m. This provides an annual income of £7,800. Planning has been approved for conversion for another 2 bed and studio apartment. Excellent Capital Growth Potential.
  • Property requires renovation. Sure to appeal to shrewd builders/investors/developers looking for a rare project and excellent BRRR opportunity.
  • Property is located near a whole host of local amenities including a shopping centre, restaurants and coffee shops, close to schools with public transport easily accessible nearby.

Contact Us

Request more Information

"*" indicates required fields

Name*
This field is for validation purposes and should be left unchanged.
residential-sales
171000

Be the first to find out about new opportunities. Join our preferred buyer list here.

This field is for validation purposes and should be left unchanged.

Sell Your Property within 28 Days

You Set The Price, No Upfront Costs & No Sale, No Fee. 

Contact Information

Key Links

Copyright Prime Property Auctions (Scotland) Limited 2024

Privacy Policy

Sitemap

Request documents

We just need to collect some details before we make this file available.

"*" indicates required fields

Name*

Request Access

Once you have submitted your details you will receive a copy of the requested files