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See how verdicts work2-bedroom flat · CA11 7FR
For saleListed 234 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
40% shared ownership. This two-double-bedroom, two-bathroom, second-floor apartment is sold on a 40% shared ownership basis and situated in the heart of Penrith.
The property is neutrally decorated throughout and briefly comprises secure communal entrance, staircase to the second floor, entrance hall, open plan dining lounge and fitted kitchen with integrated appliances.
Two double bedrooms with ensuite shower room to the master, three piece family bathroom and additional walk-in storage cupboards.
Externally, the property benefits from off-street parking for one vehicle.
The property has a central location in the heart of Penrith close to many local amenities including shops, cafes and restaurants and with good transport links.
The double glazed and central heated accommodation with approximate measurements briefly comprises: Entrance to the building is through a secure intercom system leading to the communal entrance hall with staircase to the 2nd floor.
Entrance to the property leads into the entrance hall. 40% shared ownership.
This two-double-bedroom, two-bathroom, second-floor apartment is sold on a 40% shared ownership basis and situated in the heart of Penrith.
The property is neutrally decorated throughout and briefly comprises secure communal entrance, staircase to the second floor, entrance hall, open plan dining lounge and fitted kitchen with integrated appliances.
Two double bedrooms with ensuite shower room to the master, three piece family bathroom and additional walk-in storage cupboards.
Externally, the property benefits from off-street parking for one vehicle.
The property has a central location in the heart of Penrith close to many local amenities including shops, cafes and restaurants and with good transport links.
The double glazed and central heated accommodation with approximate measurements briefly comprises: Entrance to the building is through a secure intercom system leading to the communal entrance hall with staircase to the 2nd floor.
Entrance to the property leads into the entrance hall.
Entrance Hall 23' 0" x 12' 0" (7.01m x 3.66m) Double glazed timber framed sash window to the side, radiator, telephone visitor intercom system, two walk-in storage cupboards, two bedrooms, bathroom and open-plan dining lounge & kitchen.
Second Floor Open Plan Dining Lounge & Kitchen 22' 0" x 19' 0" (6.71m x 5.79m) Double glazed timber framed sash windows to the rear and to the side and two radiators.
Kitchen Fitted kitchen incorporating a mixture of wall and base units, complimentary worktops with breakfast bar seating area, 1.5 sink and drainer with mixer tap, electric oven and grill with four burner electric hob, tiled splashback and extractor hood above, and integrated fridge and freezer.
External Bedroom 2 Double glazed timber frame sash window to the rear and radiator.
Bathroom 8' 0" x 6' 0" (2.44m x 1.83m) Three piece suite comprising shower over panelled bath with mixer tap, wash hand basin with mixer tap and WC.
Tiled splashback, heated towel rail and tiled flooring.
Bedroom 1 13' 0" x 12' 0" (3.96m x 3.66m) Double glazed timber frame sash window to the rear, built-in wardrobes, radiator, and door to the en-suite shower room.
Outside Externally the property has off-street parking for one vehicle. Notes Tenure We are informed the tenure is Leasehold. 99 years from 2013.40% shared ownership with Riverside. Rent £258.18 pcm.
Service Charge £252.16 pcm.council tax We are informed the property is Tax Band B.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 Cumbrian Properties has the authority to make or give any representation or warranty in relation to the property.
All electrical appliances mentioned in these details have not been tested and therefore cannot be guaranteed to be in working order.
En-Suite Shower Room 8' 5" x 8' 0" (2.57m x 2.44m) Three piece suite comprising shower cubicle, wash hand basin with mixer tap and WC.
Tiled splashback, heated towel rail, frosted double glazed timber frame sash window to the side and tiled flooring.
Anti-Money Laundering (Aml) Checks Estate agents in the UK are legally required to conduct Anti-Money Laundering (aml) checks on buyers, focusing on identifying the buyer and verifying their source of funds.
Key requirements include a valid photo id (passport/driving license), proof of address (utility bill/bank statement), and documented proof of funds (bank statements, mortgage agreement, or proof of gift).
To carry out these checks there will be a charge of £48 inc. Vat per person that will need to be paid for by Debit Card before a property can be marked Sold and Instructions sent to Solicitors.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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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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About 7, Tun House, Penrith New Squares
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