2-bedroom terraced house · CA11 9AA
Listing removedListed 102 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Conveniently located Town house, unfurnished property, offering dining kitchen, one reception room,two bedrooms and a house bathroom. There is double glazing and gas central heating.
Permit street parking. EPC Rate E and Council Tax Band B. Location - From the clock tower, head up Castlegate to the mini roundabouts.
Cross over the first roundabout and take the first exit at the next.
The road bends to the left and 5 Norfolk Road is on the right hand side Amenities - Penrith is a popular market town with a population of around 15,000 people and facilities include: infant, junior and secondary schools with a further/higher education facility at Newton Rigg College.
There are 6 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 2 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. Heating is gas and telephone is connected subject to BT. regulations.
The council tax is band B Fees - On signing the tenancy agreement you will be required to pay: Rent £660 Refundable tenancy deposit: £760 FEES DURING YOUR TENANCY: TENANCY AMENDMENT FEE, where requested by the tenant - £48 (inc.
VAT) EARLY TERMINATION OF TENANCY, where requested by the tenant - £480 (inc.
VAT) Plus an rent due under the terms of the signed tenancy agreement DEFAULT FEE - replacement of lost key/security/safety devices - £48 (inc.
VAT) Plus any actual costs incurred DEFAULT FEE – unpaid rent - 3% over base for each date that the payment is outstanding and applies to rent which is more than 14 days overdue Applications will not be processed until the property has been viewed and we have received proof of ID: A passport or driving licence together with proof of current address in the form of a utility bill or bank statement (under 3 months old) WILKES-GREEN + HILL LTD is a member of The Property Ombudsman WILKES-GREEN + HILL LTD is a member of a client money protection scheme operated by Propertymark Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Accommodation - Entrance - Via a steel bridge and through a uPVC door to the; Living Room - 6.99m x 3.71m (22'11 x 12'2) - Having a fireplace, with wood surround to house an electric fire, a recessed cupboard housing the gas meter.
with shelves above and two double glazed windows with curtain poles and curtains There is a radiator, newly fitted carpet and a beamed ceiling with ceiling light.
A door leads to the; Hall - Stairs lead to the lower ground floor where there is a uPVC door leading out to the rear.
There is a cupboard under the stairwell and a door leading to the; Dining / Kitchen - 5.13mx3.05m (16'10x10) - Newly fitted kitchen with a range of shaker style wall and base units incorporating a stainless steel single drainer sink unit.
There is a new electric oven and hob, and housing for an automatic washing machine. The gas fired boiler provides the hot water and central heating.
To the dining area there is a ceiling light, radiator and carpet Bathroom - 3.38m x 2.97m (11'1 x 9'9) - Having a uPVC clad ceiling, double glazed window to the rear, an airing cupboard housing the hot water tank and shelves.
There is lino flooring. a white bath with an electric shower over and a shower curtain pole, a wash hand basin with mixer taps and toilet. Single radiator.
First Floor - Landing - having a ceiling light and smoke alarm and access to a storage cupboard 5'x5' with light.
Bedroom One - 3.30m x 3.68m (10'10 x 12'1) - Having built in cupboards, curtains and carpets. There is a uPVC window to the front, a radiator and ceiling light.
Bedroom Two - 3.78m x 3.02m (12'5 x 9'11) - Having exposed beams to the ceiling and a built in cupboard with shelving. There is a uPVC window to the front, and radiator.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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 Norfolk Road, Penrith
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