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See how verdicts work1-bedroom flat · LA22 9DG
For saleListed 293 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Blencathra is a well presented and attractive one bedroom apartment set in a central location, positioned in the former HSBC Bank.
Benefitting from modernisation in recent years the property is designed in a modern contemporary style.
The feature room has a wonderful open plan dual aspect living and kitchen with high ceilings, enjoying a stunning west facing view towards Todd Crag and Loughrigg.
Currently operating as a well established and highly successful holiday letting property generating an annual income of circa £28,400 with Let Me Stay Management Agent.
The property is being sold with all forward bookings and contents.
Conveniently positioned in the heart of this highly popular Lakeland town with an abundance of shops, restaurants, bars, cinema etc all at hand.
Well placed for endless fell and country walks from the doorstep and Lake Windermere only a 15 minute level walk away.
Accomodation Communal front door leading to communal hallway leading up to first floor. Private entrance into hall, with intercom and consumer unit.
Leading through into; Open plan Living/Kitchen/Diner The kitchen area has a contemporary selection of wall and base units with a 1.5 bowl black sink unit and mixer tap.
Appliances include a four ring electric induction hob with extractor fan above, integrated electric oven, fridge and microwave. Breakfast bar.
The living area enjoys a light and airy feel with a delightful dual aspect. Feature high ceilings and a stunning view towards Todd Crag and Fairfield Horseshoe. TV point.
Bedroom One An attractive ‘L’ shaped double room with a high ceiling and stunning west facing view towards Todd Crag.
Bathroom Attractive white three piece suite comprising of a double shower cubicle, vanity wash hand basin with twin drawers and mixer tap and WC.
Wall mounted illuminated mirror, extractor fan and heated chrome towel rail. Outside The property currently rents a parking space to the rear at a cost of £53 pcm. Tenure Leasehold.
A 999 year lease minus 20 days. Commencing on 1st January 2013. The annual service charge is £519.27. Services Mains water, electric and drainage. Electric heating system.
Broadband Superfast download speed of 80 Mbps and upload speed of 20 Mbps as per the Ofcom website. Rateable Value £2,400. Amount payable £1,197.60.
This could be reduced to ZERO if the purchaser is entitled to Small Business Rates Relief. More details can be obtained from Westmorland and Furness District Council 01539 733333.
Directions Positioned in the very centre above the former HSBC Bank directly opposite the White Lion. The parking is to the rear, off St Mary’s Lane.
What3words ///rewarded.under-tone.kicked 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 £48 inclusive of 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
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 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 Blencathra, Flat 2 St Mary's Lane, Ambleside LA22 9DG
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