2-bedroom flat · CA11 7EN
For saleListed 124 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Superb purpose built two bedroomed first floor apartment found right in the centre of Penrith in the popular New Squares development.
Situated in the heart of Penrith within the prestigious New Square development, this purpose-built first-floor apartment offers an exceptional blend of contemporary living and urban convenience.
Beautifully presented throughout, Upon entering, you are greeted by a welcoming entrance hallway that leads to a well-appointed family bathroom, two generously sized bedrooms—one of which benefits from an ensuite shower room—and a bright, open-plan living, kitchen, and dining area that forms the social heart of the home.
The living space is designed to maximize natural light, creating an airy and inviting atmosphere ideal for both relaxation and entertaining.
The modern kitchen is equipped with high-quality fittings, while the dining area offers ample space for meals with family or friends.
The bedrooms are thoughtfully proportioned, providing comfortable retreats, with the master suite enjoying the added luxury of a private ensuite.
Outside, residents are allocated a dedicated parking space within the nearby residents' car park, a valuable asset in such a central location.
The property's setting could not be more convenient; it is literally steps away from an array of shops, cafes, and restaurants, as well as other local amenities.
Penrith town centre, with its historic charm and modern facilities, is right at your doorstep, offering excellent transport links and easy access to the stunning Lake District National Park.
This apartment is ideal for professionals, couples, or investors seeking a high-quality, low-maintenance home in a prime location.
With its combination of modern finishes, practical layout, and unbeatable proximity to everyday essentials, this property represents a rare opportunity to acquire a turnkey residence in one of Penrith's most sought-after developments.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
Agent & docs
FAQ
About 3 Merchant house Two Lions Square, 3 Merchant house Two Lions Square, Penrith
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