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See how verdicts work2-bedroom flat · LA23 2LA
For saleReduced £29k (−7.7%) on 26 OctListed 232 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description: A classy, newly refurbished first floor apartment situated in the heart of Windermere village, yet in a quiet and private location away from the hustle and bustle.
As part of a former gentleman's residence, this spacious 2 bedroomed apartment has been beautifully modernised perfect for anyone wanting a stunning main residence, holiday bolt hole or holiday let.
Location: Located at the top of Birthwaite Road and New Road, having vehicular access from New Road.
The situation is therefore very convenient indeed, being within level walking distance of Windermere village and with the flat having a pleasant outlook to the south, and over Birthwaite gardens to the north.
Property Overview: Nestled just a stones throw away from Windermere village centre, this modern apartment is perfect for any buyer in this sought after location.
Having been recently refurbished with stunning fixtures and fittings throughout, the property comprises of stylish living room and breakfast kitchen with built in wall and base units, integral Lamona microwave and single oven with induction hob and built in separate fridge and freezer.
Moving into the two large and bright double bedrooms offering additional storage cupboard space in both rooms.
The apartments spacious landing has an area perfect as a home office, plus an excellent and substantial built in cupboard.
The stylish, traditional shower room consists of rainfall shower and washbasin with cupboard housing the boiler, then leading into the separate WC with another hand basin.
With plenty of natural light, spacious accommodation and the added benefit of it's own separate entrance, garage and off road parking, this apartment would appeal to a range of buyers looking for a main residence, holiday let or second home.
The property is available with the majority of the contents by separate negotiation and forward holiday bookings if required.
Accommodation: (with approximate measurements) Living Room 18' 2" x 17' 2" (5.54m x 5.23m) Breakfast Kitchen 15' 5" x 8' 10" (4.7m x 2.69m) Bedroom 1 17' 3" x 14' 10" (5.26m x 4.52m) Bedroom 2 16' 4" max x 15' 2" max (4.98m x 4.62m) Garage 16' 9" x 10' 3" (5.11m x 3.12m) Property Information: Services: Mains water, drainage, gas and electricity.
As part of the refurbishment in 2022, a significant amount of insulation was installed with A1 fire rated insulation in both the floors and ceiling, which both significantly improved the safety but also created a situation of better insulation than what could be reflected in the Energy Performance Certificate.
Tenure: The property is long leasehold on a 999 year lease from 1st April 1973 with a ground rent of £15 per annum.
We understand the upkeep and insurance of the building is shared between the 4 flats. Council Tax: Westmorland and Furness Council - Band D.
Energy Performance Certificate: The full Energy Performance Certificate is available on our website and also at any of our offices.
Viewings: Strictly by appointment with Hackney & Leigh Windermere Sales Office. What3Words: ///pleasing.tortoises.flashing Notes: *Checked on 12th November 2024 - not verified.
Anti-Money Laundering Regulations: 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 (inc. 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).
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
Area
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FAQ
About Flat 2, Engadine New Road, Windermere, Cumbria, LA23 2LA
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