2-bedroom flat · CA2 4SG
Sold STCListed 298 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautiful lift served apartment on the first floor of The Paddock's luxury apartment building offering superb two bed accommodation with ensuite, separate shower room and a wonderful open plan living kitchen with dual aspect and views towards the North Pennines and city.
Quality throughout.
ACCOMMODATION SUMMARY Video door entry into communal lobby with lift and stairs | First floor | Shared landing | Entrance hall | Open plan living kitchen with dual aspect | Main bedroom with ensuite shower room | Bedroom two | Shower room | Laundry | Solar panels | Electric heating | Allocated parking | Council Tax Band - B | EPC rating - C | Long leasehold 999 years remaining | Service charge approx.
£1,700 pa plus approx. £150 for Paddock Estate Management fee approx.
£150 pa APPROXIMATE MILEAGES Morrison Daily, PO and bakers 0.6 | Central Carlisle - West Coast Mainline Station 2 | Lake District National Park - Caldbeck 12, Pooley Bridge Ullswater 23 | Solway Coast AONB - Bowness on Solway 14.9 | North Pennines AONB - Alston 29.6 | Newcastle International Airport 57 WHY THE PADDOCK?
Excellent location on the southern fringe of the city just 7 minutes from Carlisle city centre and station on the West Coast Mainline.
Many direct services including to London in 3 hours 20 minutes, Glasgow 1 hour 11 minutes, Edinburgh 1 hour 16 minutes, Manchester and airport 1 hour 50 and 2 hours 10 respectfully.
The historic city of Carlisle is the regional centre and has a growing cafe culture along with a fine range of restaurants, pubs and retail opportunities.
The Paddocks is well placed for access to the new Southern Bypass, the M6 and Lake District.
DESCRIPTION Gordon Richards House is an attractive contemporary apartment block occupying a prominent position within the development.
The entrance has a video phone and opens into a smart lobby with lift and stairs. The apartment is on the first floor and has a large entrance hallway fitted with solid oak parquet flooring.
This leads into the wonderful open plan kitchen, dining and living space. The outlook from the kitchen offers stunning views of the city and North Pennines.
There are two double bedrooms each with a view and the main bedroom has an ensuite shower room. There is a house shower room and unusually a separate laundry.
Gordon Richards House benefits from allocated parking, solar panels and two EV charging points.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
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
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