1-bedroom flat · CA11 7DJ
To rentListed 6 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Centrally located in Penrith, 1A Fallowfield Court is a compact, Recently Refurbished ground floor flat, .
The accommodation comprises: Vestibule, Open Plan Living Room/Kitchen, a Bedroom with shower enclosure and a WC. The property has Modern Programmable Electric Panel Wall Heaters and Double Glazing.
Resident Permit Parking can be arranged through Westmorland and Furness Council, subject to availability.
Location - Fallowfield is in the centre of Penrith, on the opposite side of Great Dockray from the Wilkes-Green + Hill office.
Either park in Great Dockray and walk through the passage next to Henderson's Pies.
Alternatively, drive out of Great Dockray into Castle Hill Road and take the first right turn in West Lane and then right again into the private parking area for Fallowfield.
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 and electricity are connected to the property.
Fees - Please note that to be able to meet the affordability criteria the household gross income of any prospective tenant(s) will need to be 3 times the rental amount.
On signing the tenancy agreement you will be required to pay: Rent £600 Refundable tenancy deposit: £692 FEES DURING YOUR TENANCY: TENANCY AMENDMENT FEE, where requested by the tenant - £48 (inc.
VAT) 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 Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Acommodation - Entrance - Through a UPVC double glazed door to the; Hallway - Doors open to the bedroom, shower room and an open doorway leads to the; Living Room/Kitchen - The kitchen area is fitted with matt grey fronted wall and base units with a marble effect work surface incorporating a stainless steel mixer tap and tiled splashback.
There is a built-in electric oven and ceramic hob, an integral dishwasher and a small breakfast bar. The seating area is a wall mounting point for a TV and a modern programmable electric radiator.
Bedroom - A uPVC double glazed window, a modern programmable electric radiator and a recessed wardrobe area with hanging and shelf space.
A built-in cupboard house, the pressurised hot water tank and the MCB consumer unit.
Shower Room - Fitted with a toilet, a wash basin with cabinet below and a shower enclosure with a mains fed shower over an marine board to three sides.
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.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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

FAQ
About West Lane, Penrith
Explore nearby