1-bedroom flat · CA1 1AE
Listing removedListed 121 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A one bedroom, first floor flat located in the city centre with lift and staircase access and balcony enjoying a view towards the church.
The double glazed and Fischer electric storage heated accommodation briefly comprises secure communal entrance with lift and staircase access to the first floor, entrance hall, open plan dining/lounge/kitchen with balcony, double bedroom and shower room.
The property would make an ideal first time purchase or investment in the buy to let market. Sold with the benefit of no onward chain.
The accommodation with approximate measurements briefly comprises: Secure communal entrance with lift and staircase access to the first floor and private entrance door into the flat entrance hall.
Entrance Hall Doors to open plan dining/lounge/kitchen, bedroom and shower room. Built-in shelved storage cupboard housing the hot water tank.
Open Plan Dining/Lounge/Kitchen 27' 8" x 9' 9" (8.43m x 2.97m) Electric radiator and UPVC double glazed sliding doors to the balcony with views towards the church.
Kitchen area Fitted kitchen incorporating an electric oven and grill, four ring electric hob with glass splashback and extractor hood above, sink unit with mixer tap and plumbing for washing machine.
Bedroom 16' 0" x 8' 0" (4.88m x 2.44m) UPVC double glazed window to the front and electric radiator.
Shower Room 8' 0" x 7' 0" (2.44m x 2.13m) Three piece suite comprising WC, wash hand basin and walk-in shower. Electric radiator. Notes Tenure We are informed the tenure is Leasehold.
999 years lease from 16th April 2015. Service charge £198 per quarter. Council tax We are informed the property is Tax Band B.
Note 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 or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in the employment of Cumbrian Properties has the authority to make or give any representation or warranty in relation to the property.
All electrical appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.
Anti-Money Laundering (Aml) Checks Estate agents in the UK are legally required to conduct Anti-Money Laundering (aml) checks on buyers, focusing on identifying the buyer and verifying their source of funds.
Key requirements include a valid photo id (passport/driving license), proof of address (utility bill/bank statement), and documented proof of funds (bank statements, mortgage agreement, or proof of gift).
To carry out these checks there will be a charge of £48 inc. Vat per person that will need to be paid for by Debit Card before a property can be marked Sold and Instructions sent to Solicitors.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About Flat 5, Spencer House, Carlisle
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