2-bedroom flat · LA22 9SZ
For saleListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverville is a superbly presented and generously proportioned first floor, two bedroom/two bathroom self-contained cottage style apartment.
Located on over the first floor of a traditional Lakeland stone property. Accessible from front and rear private entrances.
A light and airy property with an attractive and spacious dual aspect sitting room feature bay window over the river. Large kitchen/diner and two excellent double ensuite bedrooms.
The property enjoys an attractive low maintenance balcony with delightful country views and private designated parking.
Riverville will suit a variety of buyers, whether as a main residence/weekend bolt hole or as is, currently operating as a highly successful 4* holiday letting with Lakelovers which generates a gross annual income in circa £50,000.
The property is being sold with all forward bookings and includes all contents. Ideally positioned within the village centre overlooking the village common.
Grasmere is a highly popular Lakeland village made famous for its literary connections to William Wordsworth and its famous Grasmere Gingerbread.
There are a wide variety of amenities including a selection of shops, cafe’s, restaurants, public houses and a Primary School. With endless fell and country walks from the doorstep.
Accommodation External steps leading up to glazed front door. Hallway Attractive wide open space with country views, high window and split-level hallway with highly useful storage cupboard.
Loft hatch with pull down ladder housing the Worcester boiler. Nest control, modern wood effect floor, cloaks area and telephone socket.
Step down: Sitting Room Step down into a delightful dual aspect room including feature glazed floor to ceiling bay window offering terrific views over the river below with glimpses of Helm Crag to the North.
Twin vertical contemporary anthracite radiators and TV point.
Kitchen Diner An extremely well proportioned room with a contemporary selection of cream shaker wall and base units, stainless steel sink unit and mixer tap.
Appliances include integrated washer/dryer, dishwasher, free standing Kenwood range cooker with five ring electric hob, stainless steel splash back, extractor fan and 70/30 fridge freezer.
Delightful views towards the surrounding fells and countryside. Feature inset seat and useful tall shallow cupboard with shelving. Ample space for dining area and modern wood effect flooring.
Door with enclosed staircase leading down to private entrance to College Street. Concealed electric meter and consumer unit.
Front Bedroom One A spacious and quirky triangular shaped double room with king sized bed and views towards Silver How over the Common. Recessed cupboard and TV point and USB plug sockets.
En suite A large white luxury three piece suite comprising of a double shower cubicle with rain head shower and additional shower attachment, chrome hand rail, WC and wash hand basin.
Chrome heated towel rail, illuminated mirror, glass, chrome shelving and electric shaver point. Partial wall tiled and fully floor tiled. Views over the Common.
Rear Bedroom Two A super double dual aspect room with a useful built in wardrobe. Wonderful fell views again over the Common. TV point and USB plug sockets.
En suite A large white three piece suite comprising of a bath with rain head shower and additional shower attachment, WC and wash hand basin.
Chrome heated towel rail, illuminated mirror, glass and chrome shelving, light tunnel and electric shaver point. Partial wall tiled and fully floor tiled. Views over the common.
Outside Parking for one vehicle. Balcony. Services All mains services connected and gas central heating. Tenure Leasehold 999 years form 2002. Peppercorn rent. Pets are allowed. Rateable Value £2,400.
Amount Payable £1,118.40 This could be reduced if the purchaser is entitled to small business rates relief. More details can be obtained through the Local Authority - Westmorland and Furness Council.
Broadband For information on broadband and mobile services at the property, we advise prospective purchasers to consult the Ofcom website: checker.ofcom.org.uk Directions What3words///doghouse.positives.outraged Anti Money Laundering Regulations (AML) Due to the Money Laundering Regulations, now officially known as Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 we are required to follow government legislation and carry out identification checks on all purchasers.
We use a specialist third party company to conduct these checks at a charge of £40 + VAT per buyer once an offer has been accepted and you will be unable to proceed with the purchase of the property until these checks have been carried out.
This charge is non-refundable.
Value & comps
No previous sales on record.
Returns
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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.
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About Riverville, College Street Grasmere LA22 9SZ
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