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See how verdicts work3-bedroom house · CA6 4QE
Listing removedListed 180 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Millhouse, Old Brampton Road, Carlisle quote:JS1579 represents a rare and compelling opportunity to acquire a substantial residential asset set within approximately 4.5 acres of prime land on Old Brampton Road—widely regarded as one of the most sought-after addresses on the outskirts of Carlisle.
From the outset, the property impresses with a private driveway that leads you down towards the residence, immediately creating a strong sense of arrival, privacy and exclusivity.
The setting is a defining feature of this exceptional offering, with the property enjoying a secluded position rarely found so close to the city centre.
Surrounded by its own extensive grounds, Millhouse feels more akin to a private estate or retreat than a typical residential investment.
The property comprises a single, substantial building arranged as twelve self-contained apartments, offering a unique blend of existing income and future development potential.
Notably, six or more of the apartments are fully functioning and well-equipped, providing immediate rental income.
As demonstrated in the marketing, Flat 12 is presented to a modern and attractive standard, while Block 8 stands out as a particularly impressive unit—a spacious three double bedroom apartment offering generous living accommodation and the added benefit of en-suite bathrooms, making it highly desirable to both tenants and owner-occupiers alike.
The remaining units offer clear scope for refurbishment and modernisation, allowing a purchaser to implement a structured programme to enhance both rental income and overall asset value.
This combination of income-producing apartments alongside value-add opportunities provides the flexibility to phase works, reduce upfront risk and maximise long-term returns.
There is also potential for the resale of individual units, subject to the necessary consents and title structuring. The location further strengthens the appeal of this investment.
Old Brampton Road is an established and highly desirable residential area, known for its larger plots, mature surroundings and long-term demand.
The property benefits from excellent access into Carlisle city centre, as well as strong transport links including the nearby M6 motorway.
A range of well-regarded schools, local amenities and surrounding countryside all contribute to the area’s continued popularity, supporting both resale values and consistent rental demand.
Extending to approximately 4.5 acres, the grounds are a significant component of the overall opportunity.
The extensive landholding offers scope for enhancement, reconfiguration or potential further development, subject to the relevant planning permissions.
The private driveway enhances the sense of privacy and exclusivity, while the scale of the site distinguishes this from more typical multi-unit investments and provides long-term flexibility for a range of uses.
Overall, Millhouse presents a unique opportunity to acquire a property of scale, character and significant potential in a prime edge-of-city location.
With a combination of existing accommodation, development scope and substantial grounds, it offers a versatile and highly attractive proposition for investors seeking both immediate return and future growth.
The property is offered for sale as seen, presenting a straightforward acquisition for buyers looking to take advantage of its full potential.Auctioneer Comments: This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
For the most recent information on the Buyer Information Pack fee, please contact the iamsold team.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT.
These services are optional.
Quote:JS1579 Tenure - Freehold Council Tax Band - a-d EPC Rating - upon request 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.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Millhouse, Old Brampton Road, Carlisle
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