2-bedroom house · LA9 7FY
Listing removedListed 564 days
Opportunity summary
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About
Welcome to Castlestead View, a newly built retirement development of 104 dwellings, with 80 apartments and 24 Bungalows in the peaceful village of Oxenholme.
The apartments are offered through a shared ownership scheme, and buyers can chose own and share anywhere from from 25% to 75% ownership of the open market value.
Only the last few two-bed apartments remain. Designed to provide fully accessible facilities for both residents and visitors, amenities includes a café/bistro and hair salon for use by the community.
There is also a residents’ lounge, activity room, buggy store, guest suite and communal gardens for residents and their guests to enjoy.
As well as support from a specialist team, the scheme is managed by a dedicated onsite Registered Manager.
The development is based in the charming village of Oxenholme in Cumbria, which is only 1.5 miles from the Lake District National Park.
Living in Castlestead View is a way of extending independent living for owners over the age of 55*, with the Extra Care scheme providing access to welcoming communal areas and optional on-site care.
In this example, the full market value of the pictured apartment 'The Cedar' is £240,000 and the purchase price is based on a 75% share, meaning you pay £180,000 and there is no additional rent to pay.
To arrange a viewing of one of the remaining apartments and the facilities at Castlestead View, please call Hunters today and we will arrange an escorted visit.
*Eligibility for residency is open to applicants over the age of 55, subject to criteria. The annual Service charge is £3,1117, payable monthly at £259.75.
The monthly support fee (£167.37) is mandatory and provides residents with a valuable core support package to support your independent lifestyle.
Living At Castlestead View Castlestead View is an Extra Care scheme, this is different to a care home.
Living in an Extra Care scheme means you will live independently in your new home, exactly as you do now, but with the peace of mind that having help on hand brings.
You have your own front door and letterbox; can have friends and family to visit (without asking permission) and can bring pets along with you.
If your visitors would like to stay for more than a day they can either stay with you or our guest suite is available for a nominal fee.
At Castlestead View you have an on-site Care Team available 24/7, a Housing and Care Manager and access to communal facilities – if you want to use them.
Entrance Hall A welcoming hall awaits as you enter through the front door. You will find access to all the accommodation from the hall and there is a large walk-in storage cupboard.
Living Room Open plan to the kitchen and with space to dine, the living room has a Juliet Balcony and plenty of space for a sofa and chairs.
Kitchen Fitted with a range of white cabinets at wall and base level and with contrasting worksurface over.
There is an integral electric oven, electric hob with extractor over, and a one-and-a-half stainless steel sink and drainer.
You will find space and plumbing for either a washing machine or a dishwasher and space for a tall-fridge freezer.
Bedroom One A spacious room with plenty of space for a double bed, bedside cabinets and a a wardrobe. There is a connecting door through to the 'Jack & Jill' showroom.
Bedroom Two A good sized single bedroom.
Bathroom With an ensuite door to Bedroom One, the large showroom comprises of a WC, a wall mounted wash-hand basin, and a walk-in shower cubicle providing easy of access usage.
There is tiling to the splash areas and a chrome towel rail. Secure Corridors Secure access system for residents.
Communal Areas These include the Residents Lounge, a Bistro, a Hobby Room Outdoor Terrace Accessed via the residents lounge or from the gardens.
Grounds Castlestead View has it's own private entrance leading down to the main building.
There is plenty of on-site parking for the apartments (one allocated space each) and the bungalows have their own drives. You will find plenty of green spaces, with planted trees and maturing plants.
Paved for easy access and with benches along the way, connecting with the outdoors and socialising in the sun is easy.
Value & comps
No previous sales on record.
Returns
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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.
Area
Agent & docs
FAQ
About (75%), Castlestead View, Castlestead Close, Oxenholme
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