3-bedroom terraced house · LA23 2LS
Sold STCListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Decription: Now time for a new chapter in this properties history. A 3 bedroomed mid terraced house not far from the centre of Windermere now in need of significant modernisation.
On road parking and enclosed rear garden. Occupancy conditions apply. Location: From the centre of Windermere turn left off Crescent Road on the main one way system on to Oak Street.
Bear 3rd left on to Orrest Drive which continues to the right as Droomer Drive and no.12 is a short way along on the right, not long after the first speed bump.
Property Overview: A typical ex local authority house offering 3 bedroomed mid terrace accommodation.
The property has relatively old uPVC double glazed windows and gas fired central heating via an ideal combination boiler on the first floor landing and now requires significant improvement, but offers an enclosed rear garden with pedestrian path access to the back, small front garden, setting it back from Droomer Drive and creates a wonderful chance for a first time buyer or growing family to put their stamp on this property.
Being an ex local authority house the property has an occupancy restriction where it must be the occupants main residence and that they have lived or worked 3 years prior to purchase in Cumbria.
Accommodation: (with approximate measurements) Lounge 16' 5" x 8' 10" (5m x 2.69m) Dining Room 10' 6" x 8' 5" (3.2m x 2.57m) Kitchen 7' 8" x 7' 6" (2.34m x 2.29m) Utility 6' x 4' 5" (1.83m x 1.35m) First Floor: Bedroom 1 13' 7" max x 9' 7" max (4.14m x 2.92m) Bedroom 2 10' 7" x 6' 6" (3.23m x 1.98m) Bedroom 3 9' 3" max x 8' 6" max (2.82m x 2.59m) Shower Room Property Information: Outside: Small front garden just allowing that space between Droomer Drive and the house and relatively small enclosed rear garden which has access to the pedestrian path to the back.
Services: Mains gas, water, drainage and electric. Gas fired central heating to radiators and uPVC double glazed windows. Tenure: Freehold. Vacant possession upon completion.
Council Tax: Westmorland and Furness Council - Band C. Viewings: Strictly by appointment with Hackney & Leigh Windermere Sales Office.
Energy Performance Cetificate: The full Energy Performance Certificate is available on our website and also at any of our offices.
What3Words: ///embellish.doctor.rewrites Notes: *Checked on 24th August 2024 - not verified.
Anti-Money Laundering Regulations: Please note that when an offer is accepted on a property, we must follow government legislation and carry out identification checks on all buyers under the Anti-Money Laundering Regulations (AML).
We use a specialist third-party company to carry out these checks at a charge of £42.67 (inc. VAT) per individual or £36.19 (incl.
vat) per individual, if more than one person is involved in the purchase (provided all individuals pay in one transaction).
The charge is non-refundable, and you will be unable to proceed with the purchase of the property until these checks have been completed.
In the event the property is being purchased in the name of a company, the charge will be £120 (incl. vat).
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
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FAQ
About 12 Droomer Drive, Windermere, Cumbria, LA23 2LS
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