2-bedroom flat · CA11 7QY
Listing removedListed 54 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Location - From the centre of Penrith, head up Sandgate and turn left at the mini roundabout into Meeting House Lane.
Take the 3rd right turn into Wordsworth Street, drive up the hill, Abbotsford House is on the left.
Amenities - Penrith is a popular market town, having excellent transport links through the M6, A66, A6 and the main West coast railway line.
There is a population of around 17,000 people and facilities include: infant, junior and secondary schools. There are 5 supermarkets and a good range of locally owned and national high street shops.
Leisure facilities include: a leisure centre with; swimming pool, climbing wall, indoor bowling, badminton courts and a fitness centre as well as; golf, rugby and cricket clubs.
There is also a 3 screen cinema and Penrith Playhouse.
Penrith is known as the Gateway to the North Lakes and is conveniently situated for Ullswater and access to the fells, benefiting from the superb outdoor recreation opportunities.
Services - Mains water, drainage, gas and electricity are connected to the property. Council Tax Band B.
Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Fees - On signing the tenancy agreement you will be required to pay: Rent £750.00 Refundable tenancy deposit: £865.00 FEES DURING YOUR TENANCY: TENANCY AMENDMENT FEE, where requested by the tenant - £48 (inc.
VAT) EARLY TERMINATION OF TENANCY, where requested by the tenant - £480 (inc.
VAT) Plus an rent due under the terms of the signed tenancy agreement DEFAULT FEE - replacement of lost key/security/safety devices - £48 (inc.
VAT) Plus any actual costs incurred DEFAULT FEE – unpaid rent - 3% over base for each date that the payment is outstanding and applies to rent which is more than 14 days overdue Applications will not be processed until the property has been viewed and we have received proof of ID: A passport or driving licence together with proof of current address in the form of a utility bill or bank statement (under 3 months old) WILKES-GREEN + HILL LTD is a member of The Property Ombudsman WILKES-GREEN + HILL LTD is a member of a client money protection scheme operated by Propertymark Accommodation - Entrance - Through a uPVC double glazed door to the; Hall - Stairs rise to the first floor.
There is a panel wall heater and uPVC double glazed window to the front. A panel door leads to the; Entrance Hall - Having a single radiator and panel doors off.
There is a large walk in store and a recessed airing cupboard with shelves and a single radiator.
Open Plan Living Room & Kitchen - 5.41m x 4.78m (17'9 x 15'8) - The kitchen area is fitted with a range of dark blue fronted units and a flecked work surface incorporating a stainless steel single drainer sink with mixer tap.
The kitchen is equipped with a built in induction hob with a cooker hood above, a built in electric oven, integrated dishwasher and fridge freezer. The floor is laminate.
A uPVC double glazed window and patio doors face to the rear. There are two double radiators and a built in cupboard housing a Baxi boiler which provides the hot water and central heating.
TV aerial point. Bedroom One - 3.45m x 2.62m (11'4 x 8'7) - Having two uPVC double glazed windows to the front and a single radiator.
Bedroom Two - 2.51m x 2.06m (8'3 x 6'9) - Having a uPVC double glazed window to the front and a single radiator.
Bathroom - 1.78m x 2.13m (5'10 x 7') - Fitted with a white three piece suite having a panel bath with mains shower over.
The walls and floor are tiled and there is a cabinet with lights over the wash basin, a chrome heated towel rail and an extractor fan. Outside - Allocated parking space.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Wordsworth Street, Penrith
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