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Land at Gilford Park, Carlisle, CA1 3AF - Image 1
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Land at Gilford Park, Carlisle, CA1 3AF

North East

£220,000
Listed on 06/09/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This substantial plot presents a unique opportunity for development in a strategically advantageous location. Spanning approximately 9.55 acres (3.86 hectares), the land is situated near Carlisle city centre and just 2.3 miles from Junction 42 of the M6 motorway, ensuring excellent connectivity for commercial ventures. The site is uniquely positioned between two significant residential areas—Harraby and Upperby—making it an attractive prospect for projects aimed at meeting local demand. Proximity to established commercial entities such as Aldi Supermarket, Biffa Service Centre, and Carlisle Registration Office enhances its appeal, while nearby Harraby Green Business Park adds to the area's commercial viability. Characterized by a blend of brownfield and greenfield land, access is provided via a tarmacked track connecting to Petteril Bank Road. The site features a treeline boundary along the west and north sides adjacent to the main railway line, with the River Petteril bordering to the east. This natural demarcation provides both privacy and an appealing landscape context for potential developments. Investment potential is robust given that the City of Carlisle has a population of around 75,000 residents, with an estimated catchment area of 235,000. This demographic base indicates strong demand for commercial services that could be met by new developments on this site. Developers will find opportunities to unlock various uses through obtaining necessary planning permissions, making this land an appealing proposition for those looking to invest in a growing market. Given its size, location, and surrounding amenities, this property stands out as a compelling investment choice in Carlisle’s evolving landscape.

Investment Analysis

(CA1 area)
Area Average
£150/sq ft
Avg Rent (weekly)
£169
Avg Yield
5.8%

Renovation Potential

Light Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (CA1)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 1.2%
5 year growth: 9.6%
Investment Disclaimer: Analysis based on CA1 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Land at Gilford Park, Carlisle, CA1 3AF
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£806
Based on a loan of £165,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE