We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom terraced house · CA12 5PJ
Listing removedListed 644 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A modern three bedroom terrace house most conveniently situated on a side street within Keswick town centre. Local occupancy conditions apply.
The asking price reflects an 80% shared ownership of the freehold with Eden Housing Association. Accommodation Ground Floor Entrance Hall With radiator, under stairs cupboard.
WC With WC, wash hand basin, radiator.
Dining Kitchen With fitted base and wall units, stainless steel sink unit with mixer tap, ceramic wall tiling, plumbing for washing machine, radiator, recessed ceiling spot lights.
Living Room With radiator, external door. First Floor Landing With radiator, built in cupboard. Bedroom One Double bedroom with radiator. Bedroom Two Double bedroom with radiator.
Bedroom Three Single bedroom with radiator. Bathroom With WC, wash hand basin and panelled bath including shower over, ceramic wall tiling, radiator.
Outside Forecourt and yard with on-site parking space. Services Mains water, electricity gas and drainage. Gas central heating to radiators.
Tenure 80% ownership of the freehold with a monthly rent and insurance charge payable to Eden Housing Association.
Once a sale is agreed Eden Housing Association will determine the monthly charge that is payable to them.
Local Occupancy Conditions Local occupancy conditions apply requiring the property to not be occupied otherwise than by a Person with a Local Connection as his or her Only or Principal Home together with the dependents of such a person living with him or her and the widow or widower of such a person.
'Person with a Local Connection' means an individual who before taking up occupation of the dwelling satisfies one of the following conditions: i.
The person has been continuously resident in the Locality for three years immediately prior to occupation; or ii.
The person has been in continuous employment in the Locality for at least the last 6 months and for a minimum of 16 hours per week immediately prior to occupation; or iii.
The person is a former resident who wishes to return to the Locality having completed a post-secondary (tertiary) education course within 12 months prior to occupation and who immediately prior to attending the course lived in the locality defined for at least three years; or iv.
The person is currently in the Armed Forces, in prison, in hospital or similar accommodation whose location is beyond their control, and immediately before moving to this type of accommodation lived in the Locality for at least three years; or v.
The person needs to live in the Locality because they need substantial care from a relative who lives in the Locality, or because they need to provide substantial care to a relative who lives in the Locality.
'Locality' shall mean the administrative areas of the Parishes of Above Derwent, Borrowdale, Keswick, St Johns, Castlerigg and Wythburn, Threlkeld and Underskiddaw. Council Tax Band C.
Flooding The property was flooded during Storm Desmond in 2015. Directions From Keswick town centre proceed along Main Street and the entrance to Old Mill Court is on the left beside the Bike Store.
What3 words ///proper.taps.vandalism Viewing By appointment with Hackney & Leigh's Keswick office. Price £240,000 for an 80% share of the freehold.
Anti-Money Laundering Regulations (AML) 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 £42.67 (incl. VAT) per individual or £36.19 (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 £120 (incl. VAT).
Disclaimer 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 22/01/25
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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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 4 Old Mill Court, Main Street, Keswick, Cumbria, CA12 5PJ
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