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See how verdicts work2-bedroom bungalow · CA11 0LR
For saleReduced £29k (−9.7%) on 11 OctListed 73 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Elevated Living Above Ullswater: Watermillock Perched high above the shimmering shores of Ullswater in the heart of the Lake District National Park, this semi-detached bungalow offers a rare combination of scenic drama and practical, single-level living.
Accommodation Details Upon arrival, a practical entrance porch, ( your shield against impromptu Cumbrian liquid sunshine) welcomes you, leading through to a bright and inviting living room.
The heart of the home is the brand-new kitchen diner, finished to a high standard and perfectly configured for both everyday dining, entertaining and midnight toasties Completing the interior layout are a modern bathroom and twobright well-proportioned bedrooms, offering comfortable and quiet retreats at the end of the day.
Services Mains electric, mains water, mains drainage, solid fuel stove runs heating, electric emmersion for water Exterior and Grounds To the front of the property, convenient off-road parking is provided.
To the rear, a meticulously manicured garden offers a tranquil sanctuary, featuring a versatile home office/workshop-ideal for remote working or creative pursuits.
From this elevated vantage point, the property commands incredible, panoramic views across the Lakeland Fells, providing a breathtaking backdrop to daily life.
Property Note: Please be advised that this property is subject to a Cumbria-wide local occupancy restriction, requiring purchasers to satisfy local residency or employment criteria.
Live or work in the last three years, links to the area are also considered. Location and Surroundings Watermillock is one of the Lake District's most desirable rural settings.
Situated just moments from the lake, residents can easily enjoy sailing, paddleboarding, or boarding the historic Ullswater Steamer.
The nearby village of Pooley Bridge provides a charming array of independent shops, artisan cafes, and traditional country pubs, including popular local spots like Granny Dowbekins.
For outdoor enthusiasts, world-class walking routes such as Aira Force waterfall and the ascent of Helvellyn are right on your doorstep, blending peaceful countryside living with exceptional accessibility
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 2, Lambgill Bank, Penrith
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