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See how verdicts work1-bedroom flat · CA11 7XT
Listing removedListed 523 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pele Court is designed with modern independent living in mind, combined with the security of being in a well managed and homely environment in the heart of Penrith.
Apartment 17 is located on the first floor and has stylish and well presented accommodation throughout, comprising: Hallway with a large Walk in Store/Wardrobe, Lounge with Dining Area, Kitchen, Bedroom with a Walk in Wardrobe and a Shower/Wet Room.
Apartment 17 also benefits from a Private Patio Garden to the rear. There are also communal facilities, including a beautiful Courtyard Garden, Lounge Area and a Laundry.
The apartment is independently heated with ultra modern electric storage heaters combined with passive ventilation and is fully uPVC Double Glazed giving an impressive EPC rating of B.
Location - From Penrith town centre, head up Sandgate and turn right at the mini roundabouts into Benson Row. Follow the road around to the right and the entrance to Pele Court is on the right.
There is public parking available in Friargate, just beyond the entrance.
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. Tenure - The vendor informs us that the property is leasehold with a term of 125 years from 1/1/2015.
The ground rent is £425 per annum and the service charge is currently £181.77 per month.
The council tax band is band is B Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Accommodation - Entrance - Through a communal hallway with two lifts a security entry phone and a reception area.
One of the lifts is directly opposite the entrance to the apartment. A solid door with "peep hole" opens into the; Hallway - Having a security entry phone and alarm.
A walk in broom cupboard also houses the MCB consumer unit and pressurised hot water tank.
Living Room - 20'0" x 10'10" - To one end are uPVC double glazed French doors which open to the private patio. There is a night storage heater, a TV, satellite point and a telephone point.
A door opens into the; Kitchen - 7'10" x 7'0" - Fitted with a range of wood effect fronted wall and base units with a slate effect work surface incorporating a stainless steel single drainer sink with mixer tap and tiled spalshback.
There is a mid height electric oven, a ceramic hob with stainless steel extractor hood and a built in fridge freezer. The floor is tiled and there is a uPVC double glazed window.
Bedroom - 13'0" x 9'3" - Having uPVC double glazed window, a panel wall heater, a TV point and a telephone point. A large walk in wardrobe has lighting, hanging and shelving.
Shower Room - 6'8" x 7'2" - Having a white toilet, a wash basin set in a cabinet and a step free shower enclosure with a mains fed shower over and a clear screen.
The walls and floor are fully tiled and there is an electric heated towel rail, a shaver socket/light and an air vent.
Outside - French doors from the living room open directly out to the private patio garden A central courtyard is open to all residents and has a block paved path and well stocked shrub bed around and a central seating area.
there is a further paved terraced to the side with several outdoor tables and parasols.
Residents Facilities - Residential facilities include: A day room where residents regularly meet for coffee, functions and social events.
There are talks, exercise classes, bridge and other events organised by the social committee.
A fully equipped laundry is available for all residents as is a room with charging facilities for storing mobility scooters and there are rubbish and recycling facilities.
McCarthy and Stone operate a large double guest suite which can be booked for visitors at a cost of £25 per night, subject to availability.
Parking - Parking within the development is only available for permit holders this needs to be arranged through McCarthy and Stone direct.
Residents are eligible for a street parking permit, subject to availability through Westmorland and Furness Council.
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
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FAQ
About Pele Court, Friargate, Penrith
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