2-bedroom semi-detached house · CA11 8UY
Listing removedListed 92 days
Opportunity summary
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About
Located to the northern fringe of Penrith, in an elevated setting with views to the front over the town, a recently built, well presented, 2 double bedroom, semi-detached home in a modern development.
The property is ideal as a first time buy and is offered on a 30% shared ownership scheme.
Built by popular local builders, Atkinsons of Penrith, Chase Park is a modern development, situated in a semi-rural area to the northern fringe of Penrith.
With easy access to the town centre, and north to Carlisle, the property has been well designed and thought out with ample parking, and EV charging point and low maintenance outside space.
Accommodation wise the ground floor comprises an entrance hallway with downstairs WC, lounge and kitchen dining room with French doors leading to the rear.
To the first floor are 2 double bedrooms and a family bathroom. The property is offered on a shared ownership scheme with the Riverside Housing Association.
All potential purchasers must be approved via application to Riverside Home Ownership.
A monthly figure of £336.97 is paid to cover the rent on the remaining 70% ownership of the property and there is a monthly service charge of £31.02.
Please enquire for further details, or follow this link: Directions From the centre of Penrith follow the A6 north.
Just before leaving the town turn right onto Salkeld Road and immediately left onto Inglewood Road. Follow this for 400 metres to reach Chase Park.
Services Mains gas, electric, water and drains are connected, but neither these services nor any boilers or radiators have been tested. Material Information: • Standard construction.
• We understand that broadband and mobile telephone reception are available. For an indication of speeds and supply please see: • There is private off road vehicle parking.
• The property is leasehold with 998 years remaining.
Entrance Hall Downstairs WC Lounge 5.38m (max) x 3.45m (max) Kitchen Dining Room 4.47m (max) x 2.95m (max) First Floor Landing Bedroom 1 4.5m9m (max) x 3.18m (max) Bedroom 2 4.5m (max) x 2.97m (max) Bathroom 2.1m x 2.03m
Value & comps
No previous sales on record.
Returns
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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.
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FAQ
About 28 Chase Park, Penrith, Cumbria
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