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5 bedroom terraced house for sale
78 Warwick Road, Carlisle, CA1 1DU
£157,000
78 Warwick Road, Carlisle, CA1 1DU
£157,000
Our Summary
- Planning has been approved for conversion for another 2 bed and studio apartment
- Property requires renovation
- 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
- Potential for each apartment to be sold as separate units once renovated
- Apartment 2, 3 Portland Square, Carlisle, CA1 1AG Previously sold for £190,000*** Property requires full renovation
- 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
- Additionally, Carlisle's affordable property market and ongoing regeneration projects enhance its investment potential, making it an attractive choice for both residents and investors
Description
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Here is a summarized version of the property description in a single paragraph:
Prime Property Auctions presents a 5-bedroom mid-terrace house in Carlisle, split into three flats, with a guide price of £160,000. The property is currently tenanted at £650 per month, providing an annual income of £7,800. Planning has been approved for conversion into another two-bedroom and studio apartment, offering excellent capital growth potential. The property requires renovation and is ideal for shrewd builders, investors, or developers looking for a rare project. The location is prime, with local amenities, shopping centers, restaurants, and coffee shops nearby, and public transport easily accessible. With the potential for each apartment to be sold separately once renovated, the property could command a collective rental income of £21,000-£23,000 per annum, providing a gross yield of 13%.