1-bedroom flat · CA11 7AJ
For saleListed 59 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This affordable studio apartment is ideally positioned in the heart of Penrith and is sure to appeal to a wide range of buyers, whether you're looking to take your first step onto the property ladder, seeking a convenient "lock up and leave" or considering an attractive investment opportunity.
With an abundance of amenities right on the doorstep, the location is hard to beat.
Independent shops, cafés, supermarkets, bus routes and Penrith train station are all just minutes away, making this a particularly convenient place to call home.
Located just off King Street, the property is accessed via a communal entrance, with the apartment situated on the first floor.
Internally, the accommodation has been thoughtfully arranged to make the most of the available space and provides a cosy living/sleeping area, a well-equipped kitchenette and a separate shower room.
Although compact, the current owner has maximised the space to create a comfortable and welcoming home that has proved to be an ideal starter property.
The apartment is offered with a long lease, share of freehold, Zone A residents' parking and no onward chain, making this an appealing opportunity for both first-time buyers and investors.
Accommodation with approx.
dimensions Ground Floor Communal Stairs to First Floor Bedroom/ Living Area 10' 4" x 12' 6" (3.15m x 3.81m) Property Information Tenure Leasehold We have been advised the Freehold is 1/6 owned by each of the flat owners The term is 999 years from 1st January 2004 Ground Rent We have been advised there is no ground rent payable Service Charge We have been advised the Service Charge is £708 p/a Council Tax Band A Westmorland & Furness Council Services & Utilities Mains electricity, mains water and mains drainage.
Electric heating Property Listing We have been advised the building is Grade II Listed Energy Performance Certificate The full Energy Performance Certificate is available on our website and also at any of our offices.
Directions From our office on Corn Market walk towards the Clock Tower and across the road onto King Street.
The property is located through the passageway between Adlib and Cranstons and can be found on the left hand side What3words Location ///ulterior.hint.riddle Viewings By appointment with Hackney and Leigh's Penrith office Anti-Money laundering Please note that when an offer is accepted on a property, we must follow government legislation and carry out identification checks on all buyers under the Anti-Money Laundering Regulations (AML).
We use a specialist third-party company to carry out these checks at a charge of £60.00 (inc. VAT) per individual or £50.00 (incl.
VAT) per individual, if more than one person is involved in the purchase (provided all individuals pay in one transaction).
The charge is non-refundable, and you will be unable to proceed with the purchase of the property until these checks have been completed.
In the event the property is being purchased in the name of a company, the charge will be £150 (incl.
VAT) All permits to view and particulars are issued on the understanding that negotiations are conducted through the agency of Messrs. Hackney & Leigh Ltd.
Properties for sale by private treaty are offered subject to contract.
No responsibility can be accepted for any loss or expense incurred in viewing or in the event of a property being sold, let, or withdrawn. Please contact us to confirm availability prior to travel.
These particulars have been prepared for the guidance of intending buyers. No guarantee of their accuracy is given, nor do they form part of a contract.
*Broadband speeds estimated and checked by on [24/08/2026]
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
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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.
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FAQ
About Flat 3, 9 King Street, Penrith
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