Prime Property Auctions (Scotland) Ltd says ..

Property Oracle says ..

This property at 78 Warwick Road, Carlisle, is presented as a BRRR (Buy, Rehab, Rent, Refinance) investment opportunity. It’s a 5-bedroom, 3-bathroom mid-terrace house currently divided into 3 flats. The listing highlights its location in a prime Carlisle area near the Cathedral and Castle. However, the images reveal the property to be in a significant state of disrepair requiring extensive renovations. Floors are largely incomplete or damaged, walls need plastering and painting, and the overall impression is one of an unfinished or neglected renovation project. The lack of square footage information is a major drawback in assessing its true value. The exterior shows a traditional terraced house structure, but the small, unkempt rear yard offers little in the way of outdoor space. While the location is a strong point, given its proximity to amenities, schools, and transport, the current condition and the need for substantial investment significantly influence its overall appeal. The price point of £157,000 falls within a reasonable range for the area relative to comparable properties; however, the buyer must factor in significant renovation costs before determining its value. The opportunity lies in the potential for rental income once renovated, but potential buyers should carefully evaluate the risks and costs associated with such a project.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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