2-bedroom flat · CA16 6QT
Listing removedListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set around an attractive courtyard in a cul-de-sac, close to the town centre of this beautiful and historic market town in the Eden Valley, 5 Holme Court is a smart and comfortable modern ground floor apartment with accommodation comprising; Entrance Hall, Living Room, Kitchen, Laundry Cupboard/Pantry, 2 Bedrooms and a Shower Room.
Outside there is an private Parking Space leading to a Garage and there is access from the flat to a garden area to the rear.
The property also benefits from Double Glazing and Gas Fired Central Heating.
Location - From Boroughgate in the centre of Appleby, face South and turn right into High Wiend which becomes Holme Street and turn left into Holme Court.
Amenities - Appleby is an attractive market town in the upper Eden Valley with a population of approximately 3,000 people and is of historical interest.
The town has a range of shops, a Primary and a Secondary School. Leisure facilities include a Swimming Pool, an 18-hole golf course and bowling green, two fitness gyms and badminton courts.
A larger shopping centre is Penrith 14 miles away.
Penrith is a popular market town with a population of around 16,000 people and facilities include: infant, junior and secondary schools with a further/higher education facility at Newton Rigg College.
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. Tenure - The property is leasehold.
The vendor informs us that there is a 999 year lease from 1st January 1997 and that there is no ground rent or service charges. The council tax in band B.
Anti Money Laundering Requirements - In line with The Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017, as a regulated profession, we are duty bound to carry out due diligence on all of our clients to confirm their identity.
Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system.
This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.
To do so the Credit Referencing Agencies may check the details you supply against any particulars on any database (public or otherwise) to which they have access.
They may also use your details in the future to assist other companies for verification purposes. A record of the search will be retained.
The fee for us to fulfil these obligations is fee of (£24 inc VAT) per purchaser will be charged to cover the costs associated with fulfilling our obligations under the act.
A link will be sent to your mobile to enable you to make the payment and thereafter the biometric check..
Referal Fees - WGH work with the following provider for arrangement of mortgage & other products/insurances, however you are under no obligation to use their services and may wish to compare them against other providers.
Should you choose to utilise them WGH will receive a referral fee : Fisher Financial, Carlisle The Right Advice (Bulman Pollard) Carlisle Average referral fee earned in 2024 was £253.00 Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Accommodation - Entrance - Through a uPVC double glazed door to the; Hallway - With LVT flooring, a double radiator and a telecoms point.
A built-in cupboard to one corner has a single radiator and shelves.
Living Room - 3.48m x 4.72m + bay (11'5 x 15'6 + bay) - An electric flame effect fire is setting a brick and tiled feature fireplace.
There is a box bay with double glazed windows to either side and a uPVC double glazed door opening to the outside.
There is a double radiator, a TV aerial point, a telephone point and two wall light points.
A part glazed door opens to the; Kitchen - 3.58m x 2.24m + 1.57m x 1.14m (11'9 x 7'4 + 5'2 - Fitted with a range of oak shaker style fronted wall and base units and a cream flecked worksurface incorporating a stainless steel single drainer sink and mixer tap.
There is a built-in electric oven and hob with a glass splashback and stainless steel extractor hood. The flooring is LVT, there is a double radiator and two double glazed windows to the side.
A door opens to the; Laundry/Larder - There is plumbing for a washing machine and a wall mounted Worcester gas fired condensing combi boiler provides the hot water and central heating.
Bedroom One - 3.45m x 3.78m (11'4 x 12'5) - Having a single radiator, a TV aerial lead, a telephone point and a double glazed window.
Included in the sale is a large three door wardrobe with hanging and shelf space. Bedroom Two - 2.39m x 2.44m (7'10 x 8') - There is a single radiator and a double glazed window.
Shower Room - 1.83m x 2.24m (6' x 7'4) - There is a large low-step shower enclosure with a mains fed shower, and the wash basin and toilet are fitted in a vanity unit with a concealed cistern and storage cabinet.
The walls are marine boarded. There is a chrome heated towel rail, a shaver socket and an extractor fan.
Outside - There is a block paved off-road parking space which also gives access to the; Garage - 6.10m x 2.79m (20' x 9'2) - Having an automatic up and over vehicle door, light and power points.
There is a communal garden area which extends around the outside of the apartments to a flagged area by the patio door from the living room.
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.
Area
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FAQ
About Appleby in Westmorland
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