2-bedroom flat · CA12 4ND
For saleListed 26 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverside Lodge is a purpose-built development of nineteen apartments, constructed in 1989, and professionally managed by Anchor Housing. Residents must be over 55 years of age.
Services include external maintenance and a community alarm system.
This deceptively spacious apartment is on the first floor of Riverside Lodge, with level access from the front of the building, yet with the advantage of a lift.
It is located close to the town centre, with local amenities in easy walking distance.
It features views over the river Greta to Latrigg and the gracious gardens and recreation areas of Fitz Park are just outside the door.
The apartment is fully modernised, including the modern fitted kitchen with breakfast bar, shower room, heating, decoration and carpets. An opportunity not to be missed.
Entrance Hallway 2.32m x 4.48m With electric radiator Living Room 3.39m x 4.53m Window to rear aspect overlooking Fitz park, feature fireplace with electric fire and stone surround Kitchen/Breakfast Room 2.84m x 2.98m Window to rear aspect, a range of matching wall and base units, complementary work surfacing, stainless steel sink, drainer and mixer tap, eye level oven, built in microwave oven, electric hob with extractor over, integrated washing machine, integrated dishwasher and integrated fridge freezer.
Bespoke breakfast bar and heated towel rail.
Shower Room 2.8m x 1.73m Shower cubicle with mains shower, wash hand basin with units, WC with fitted units, fitted cupboard housing the water tank and a heated towel rail.
Bedroom 1 2.84m x 4.1m Window to front aspect, electric radiator, fitted wardrobes, drawers and dressing unit.
Bedroom 2 2.32m x 4.48m Window to front aspect, electric radiator, fitted cupboards, wardrobe and dressing unit.
Tenure Leasehold with a term of 99 years from 1st September 1998. Service charge is £208 p/m and covers servicing of fire alarms, lift maintenance, buildings insurance and management.
There is a ground rent of £105 payable every 6 months. There is a sinking fund payment which is due at the point of sale, this covers the major repairs on the building, such as new roof, new lift etc.
This is charged at a rate of 10% of the difference between the purchase price of the property and the selling price of the property.
Referrals and Other Payments PFK works with preferred providers for services relating to buying or selling property.
These providers offer competitive pricing, but you are under no obligation to use them and are free to choose alternatives.
If you do use these services, PFK may receive a referral fee as follows (all figures include VAT): • Conveyancing (Napthens LLP, Bendles LLP, Scott Duff & Co, Knights PLC, Newtons Ltd, Beyond Conveyancing Ltd): £120 to £240 per completed sale or purchase.
• Auction – If you decide to sell your property via Auction House Cumbria following our introduction, the average referral fee earned for 2025 was £2,398 and is dependent on the final sale price.
• Financial Services (Emma Harrison Financial Services): average referral fee of £221 in 2024 for arranging mortgages, insurance, and related products.
• EPCs (M & G EPCs Ltd): £25 for EPC • Anti-Money Laundering (AML) Checks (via Landmark): between £8.50 and £15.50.
Services Mains electricity, water & drainage; double glazing installed throughout.
Please note: measurements are approximate so may reflect the maximum dimensions and the mention of any appliances/services within these particulars does not imply that they are in full and efficient working order.
Parking - Off street Off street parking available alongside the apartment block, a first come, first serve basis.
Value & comps
No previous sales on record.
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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 starting price
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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 Station Road, Riverside Lodge Station Road, CA12
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