A classic city with a large town vibe, Carlisle sits on the border between England and Scotland and is the county of Cumbria’s largest city. Naturally, this means Carlisle is situated amidst outstandingly beautiful scenery. It also means within minutes, the best of northern rural life is available – right on your doorstep.
Sitting between the natural wonders of the Lake District, Northumberland, and Galloway, fans of life outdoors will be in hog’s heaven here.
With a rich heritage and eventful history including visits from Vikings, romans, and the Saxons, Carlisle is well connected to the modern world as well. Thanks to the M6 and the West coast mainline, Carlisle is in commuting distance to Glasgow, Newcastle, Lancaster, and the North West.
Perhaps Carlisle’s most well known landmark is Hadrian’s Wall. Built during the Roman period as a frontier between the Roman Empire and the Barbarians of Scotland in 117AD, it is thought to have taken 15,000 soldiers around six years to build – a huge construction task in difficult conditions.
For less noble pursuits, Carlisle has a major pub scene thanks to a somewhat peculiar state brewery system imposed after the First World War. There are tons of long established pubs and a rich pub culture in this city.
For those looking for a spot of culture, Carlisle is well-served by Muncaster Castle, the Guildhall museum, and Tullie House Museum and Art Gallery.
Shopping is a serious pursuit here. The Lanes Shopping Centre has the best of the high street while the covered Victorian market, is the place to find locally sourced, and wonderfully fresh produce.
Of course, one of the major considerations before investing in a buy to let property in Carlisle is flooding. Make sure you do not buy in an area that has already been flooded. It may be very difficult to find insurance, and there is a high chance that the property could be flooded again. This would be an extremely tricky situation for any landlord given the horrendous impact on prospective tenants. Factor in a situation where you not do not live in the area, and imagine how difficult it could be to deal with emergency situations. Finally, consider a hugely reduced yield potential for flood prone housing stock.
So where should you look?
Stanwix is a very desirable area of Carlisle. If you’re looking to rent to well-off families in a beautiful area full of good schools, this could be the spot for you.
Botcherby has a high renting population and with an average house price of just £83 thousand, and plenty of potential renters, it could be the place for you if you’re looking for a good return on your investment.
Central Carlisle has a good selection of buy to let stock and is popular with young professional renters. If you’re looking to target this market, or are perhaps thinking about houses in multiple occupation, then the centre of this little city could be just what you’re looking for.
Carlisle offers a lot for your money but does come complete with high flood risk. As ever, do make sure you do some solid research before splashing the cash.