Initial price	£157,000
05/03/25	£150,000
01/04/25	£140,000
Price Change	-10.83%

Prime Property Auctions presents a rare BRRR opportunity in Carlisle, a 5-bedroom mid-terrace house split into three flats. The ground floor flat is currently tenanted at £650 per month, providing an annual income of £7,800. Planning permission has been approved to convert the middle and top floors into two large double bedrooms, a bathroom, kitchen, and living area. The property requires full renovation, but once completed, it could command a collective rental income of £21,000 to £23,000 per year, providing a 13% gross yield. The local area has seen strong demand, with recent sales of similar properties reaching £175,000 to £190,000. This property is open to immediate offers and is being sold at a guide price of £160,000, making it an excellent opportunity for shrewd builders, investors, and developers looking for a rare project with remarkable capital growth potential.