3-bedroom bungalow · CA11 8PH
Listing removedReduced £25k (−7.7%) on 13 SepListed 92 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A well-proportioned three-bedroom detached bungalow set in a popular residential area of Penrith, offering approximately 94 sq m (1,015 sq ft) of internal accommodation plus an attached garage (not included in the floor area).
The property would benefit from some cosmetic modernisation throughout but offers a fantastic opportunity for a buyer to update and add value, with a versatile single-storey layout, generous room sizes, and a good-sized rear garden.
Accommodation The ground floor accommodation is accessed via an entrance hallway leading through to a further inner hallway, off which the principal rooms are arranged.
The spacious lounge (19'3" x 10'0") sits to the front of the property, with the kitchen (10'9" x 15'5") positioned to the rear, both accessed via a further hallway.
The principal bedroom (11'7" x 13'3") benefits from fitted wardrobes, while bedrooms two (9'8" x 12'8") and three (10'10" x 9'6") complete the sleeping accommodation, served by a family bathroom (5'4" x 9'4") comprising bath, WC and wash basin.
A useful storage room (4'3" x 4'1") is accessed from a further hallway off the kitchen. A separate attached garage provides convenient off-road parking and additional storage.
Lounge (5.88 x 3.06 (19'3" x 10'0")) Kitchen Diner (3.27 x 4.69 (10'8" x 15'4")) Hallway Storage Room (1.29 x 1.25 (4'2" x 4'1")) Principal Bedroom (3.54 x 4.03 (11'7" x 13'2")) Bedroom Two (2.95 x 3.85 (9'8" x 12'7")) Bedroom Three (3.29 x 2.89 (10'9" x 9'5")) Bathroom (1.62 x 2.84 (5'3" x 9'3")) Hallway Garage Outside Attached single garage with up-and-over blue door, accessed both externally and internally from the property.
Gravelled driveway providing off-road parking, enclosed by low brick walling and a metal gate.
Enclosed rear garden, mainly laid to lawn and gravel for easy maintenance, with well-stocked borders, mature shrubs and a striking Japanese acer.
Timber fenced and trellis boundaries providing a good degree of privacy Location Netherend Road is situated in a well-established residential area of Penrith, within easy reach of local schools, shops, and everyday amenities.
Penrith itself is a historic market town on the edge of the Lake District National Park, offering excellent road links via the M6 and A66, plus a mainline railway station with direct services to Carlisle, Lancaster, and London.
Services Mains water, drainage, gas, and electricity are all connected to the property.
Please Note These particulars, whilst believed to be accurate, are set out for guidance only and do not constitute any part of an offer or contract - intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in the employment of Lakes Estates has the authority to make or give any representation or warranty in relation to the property.
All mention of appliances / fixtures and fittings in these details have not been tested and therefore cannot be guaranteed to be in working order.
Anti-Money Laundering (aml) Checks; When your offer is accepted, we're legally required to verify your identity.
This is carried out by a third-party company at the following costs: Buying in personal name: £40 (inc. VAT) Company purchase: £120 (inc.
VAT) These fees are non-refundable, and the purchase cannot proceed until checks are complete.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 21, Netherend Road, Penrith
Explore nearby