2-bedroom flat · CA12 4ND
For saleListed 281 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Riverside Lodge is a purpose-built development of nineteen apartments, constructed in 1989, and professionally managed by Anchor Housing. Residents must be over 55 years of age.
Services include external maintenance and a community alarm system.
This deceptively spacious apartment is on the first floor of Riverside Lodge, with level access from the front of the building, yet with the advantage of a lift.
It is located close to the town centre, with local amenities in easy walking distance.
It features views over the river Greta to Latrigg and the gracious gardens and recreation areas of Fitz Park are just outside the door.
The apartment is in need of moderisation throughout, but located at the very end of the building giving it a good layout and bigger entrance. An opportunity not to be missed.
EPC Rating: E Entrance Hallway 3.24m x 0.92m With window to side aspect, fitted cupboard and a night storage heater.
Bathroom 1.77m x 2.07m Bath with electric shower over, wash hand basin, WC and a fitted cabinet.
Bedroom 2 3.17m x 2.19m Window to side aspect and a night storage heater.
Bedroom 1 2.9m x 2.86m Window to side aspect with pleasant views over rooftops of the Lakeland fells, fitted wardrobe with sliding mirror doors and a night storage heater.
Living Room 4.5m x 3.21m Window to side aspect overlooking Fitz park with a feature window seat, feature fireplace with electric fire, inset shelving and two night storage heaters.
Kitchen 2.62m x 2.84m Window to side aspect overlooking Fitz Park with a feature window seat, a range of matching wall and base units, oven with electric hob and extractor over, stainless steel sink, drainer and mixer taps, space for a fridge freezer, space for a washing machine and a night storage heater.
Referral and Other Payments PFK work with preferred providers for certain services necessary for a house sale or purchase.
Our providers price their products competitively, however you are under no obligation to use their services and may wish to compare them against other providers.
Should you choose to utilise them PFK will receive a referral fee : Napthens LLP, Bendles LLP, Scott Duff & Co, Knights PLC, Newtons Ltd - completion of sale or purchase - £120 to £210 per transaction; Emma Harrison Financial Services – arrangement of mortgage & other products/insurances - average referral fee earned in 2024 was £221.00; M & G EPCs Ltd - EPC/Floorplan Referrals - EPC & Floorplan £35.00, EPC only £24.00, Floorplan only £6.00.
Anti Money Laundering (AML) compliance check via Landmark referral between £8.50 to £15.50. All figures quoted are inclusive of VAT. Services Mains electricity, water & drainage.
Sixteen solar panels, on average generating approximately £1,000 per annum income, over and above the regular electricity charges.
Please note: measurements are approximate so may reflect the maximum dimensions and the mention of any appliances/services within these particulars does not imply that they are in full and efficient working order.
Directions The property can easily be located using postcode CA12 4ND or can otherwise be found using what3words location ///like.releases.searcher Tenure Leasehold with a term of 99 years from 1st September 1998.
Service charge is £208 p/m and covers servicing of fire alarms, lift maintenance, buildings insurance and management. There is a ground rent of £105 payable every 6 months.
There is a sinking fund payment which is due at the point of sale, this covers the major repairs on the building, such as new roof, new lift etc.
This is charged at a rate of 10% of the difference between the purchase price of the property and the selling price of the property Parking - Off street Off street parking available alongside the apartment block, a first come, first serve basis.
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
Agent & docs
FAQ
About Station Road, Riverside Lodge Station Road, CA12
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