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See how verdicts work3-bedroom flat · CA11 7DA
Listing removedListed 67 daysAuction 2 Sep · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £20,000-£45,000 **For Sale By Public Auction 2nd September 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A First and Second Floor Three Bedroom Split Level Flat Subject to a Periodic Tenancy Producing £5,400 Per Annum Tenure Leasehold.
The property will be held on a new 999 year lease from completion. Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Castle Park are within easy reach. Transport links are provided by Penrith rail station.
Description The property comprises a first and second floor three bedroom split level flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation First Floor Reception Room with Open-Plan Kitchen Bedroom Bathroom Second Floor Two Bedrooms Tenancy The property is subject to a Periodic Tenancy for a term of 6 months commencing 3rd July 2020 (holding over) at a rent of £5,400 per annum.
Note The property has not been inspected by Auction House London. All information has been supplied by the vendor. EPC Rating E Viewing Appointments to be Confirmed
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
Agent & docs
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FAQ
About First & Second Floor, 5, Cornmarket, Penrith
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