Property Details: • Type: Terraced • Tenure: N/A • Floor Area: N/A

Key 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 1A • 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 a • 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.

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 100 West Regent Street, Suite 3.02, Glasgow, G2 2QD

Full Description: 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.