Carlisle 1 South Lodge, Orton Park, Carlisle, Cumbria, CA5 6JX

Description

Vacant freehold detached bungalow situated within the sought-after Orton Park Estate. The property has generous gardens and a GIA of approximately 75.59 sq m (814 sq ft). An eight-week completion period applies to this lot.

Accommodation

Ground floor: two reception rooms, kitchen and bathroom. First floor: bedroom. Generous gardens. GIA approximately 75.59 sq m (814 sq ft).

Location

Orton Park is a highly regarded rural location situated to the west of Carlisle, offering a blend of countryside living and convenient access to the city. The area is well placed for local amenities, schools, leisure facilities and transport connections throughout Cumbria and beyond.

Tenure / Property Information

Investment Analysis

The only supplied completed sale is the same property, recorded at £300,000 on 24 March 2023. This supports a provisional base GDV of £300,000, but the sale is historic and no current comparable evidence, condition information or formal valuation is supplied. The £110,000+ guide represents a substantial apparent discount to that historic sale, but the discount cannot be treated as confirmed value or profit.

Investment Snapshot

Strategy Recommendation

Proceed only subject to inspection, legal review and confirmation of all auction charges. Treat the £300,000 figure as historic evidence rather than a firm GDV; do not bid on a flip or BRRRR assumption without verified costs and current valuation support.

Works Required

No specific defects or refurbishment requirements are evidenced. Arrange a full inspection and budget only for works confirmed by survey, including any required updating, repairs or compliance items.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

Using the historic same-property sale as a provisional £300,000 GDV gives an indicative 75% refinance figure of £225,000. However, refurbishment costs, buyer or administration charges and current value evidence are unavailable, so total project cost, cash required and equity released cannot be calculated reliably.

Buy-to-Let Analysis

BTL cannot be underwritten because no sufficiently specific rental comparable or auctioneer rent estimate is supplied. Gross yield, operating return and maximum bid cannot therefore be established. The property is vacant, so no passing rent is evidenced.

Flip Analysis

The historic same-property sale provides a provisional £300,000 resale reference against the £110,000+ guide. A flip surplus cannot be calculated because works, acquisition charges, resale costs and current market value are unsupported. The eight-week completion period should also be allowed for in funding arrangements.

Investor Risks & Due Diligence

• The sole value evidence is a historic 2023 sale and may not reflect current market value.

• No condition or refurbishment information is supplied, preventing a reliable works budget.

• No rental evidence is supplied, so BTL yield and affordability cannot be assessed.

• Buyer premium, administration charge and other potential seller or third-party fees are unspecified.

• An eight-week completion period applies and may create funding pressure.

Recommendation

Proceed only subject to inspection, legal review and confirmation of all auction charges. Treat the £300,000 figure as historic evidence rather than a firm GDV; do not bid on a flip or BRRRR assumption without verified costs and current valuation support.

Strategy Rating

Analysis Confidence

There is one relevant completed sale for the same property, but it is from 2023. Rental, condition, refurbishment, fees and current comparable evidence are absent.