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See how verdicts work2-bedroom flat · LA21 8ER
For saleReduced £10k (−6.7%) on 26 OctListed 229 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The apartment has a good position on the ground floor of the development enjoying an open aspect at the rear over playing fields towards the fells, as well as french windows leading from the living room out onto the communal grounds.
Well planned with two double bedrooms and the property has double glazing and electric heating.
Although the property will require some modernisation it provides an opportunity to acquire a comfortable, secure and easily managed home designed for those aged 55 and over.
Campbell House is conveniently located only a short level walk to the centre of Coniston.
There is a lively active and community and a wide range of amenities, shops, post office, churches, bowling clubs plus petrol station and doctors close by.
Campbell House was developed in the late 1980’s and designed with security and comfort in mind with occupation limited to those aged 55 and over.
An ideal apartment in the heart of the Lake District National Park within a strong community. Accommodation Communal entrance hall leading to the three floors of the development.
Private front door on ground floor leading into; Entrance Hall With cylinder/airing cupboard, additional cloaks cupboard. Night storage heater. Entry phone system.
Living/Dining Room Spacious light and airy room with glazed patio doors leading to terrace. Feature electric fire with slate surround and pine mantle piece. Attractive country views.
Two night storage heaters. TV point. Archway to: Kitchen Selection of wall and base units with work top. Stainless steel sink unit with mixer tap.
Appliances include four ring electric hob and extractor hood. Electric oven. Plumbing for washing machine. Part wall tiled and fully floor tiled.
Rear Bedroom One Spacious light double room with built in triple wardrobe. Night storage heater. Attractive views over the school playground Front Bedroom Two Double room with built in wardrobes.
Country view. Night storage heater. Bathroom Three piece coloured suite of WC, vanity wash basin and panelled bath with electric shower over. Chrome heated towel rail.
Outside Number 8 has the distinct advantage of private patio doors leading onto a small terrace with attractive country views.
Communal grounds which have a combination of lawn and a selection of established shrubs and bushes.
The garden areas around the development are for the benefit and enjoyment of all residents of Campbell House together with parking spaces which are unallocated.
Directions From the centre of Coniston head out over the bridge towards Torver. Continue passed Hills Garage and through the crossroads and Campbell House is approximately 100 metres on the left.
There is ample parking at the front of the development. Tenure An original 999 year lease from 1988.
There is a monthly management charge to the owners to cover the upkeep of the development including buildings insurance, day to day repairs, window cleaning, internal decoration of the common parts etc.
The current service charge for apartment number 8 is £175.82 per month. There is a sinking fund in place, it is believed the purchaser has to contribute approx 0.5% of the sale price to this fund.
Services Mains water, electric and drainage. Night storage heating.
Council Tax Band C Broadband 80 Mbps download speed (based on Ofcom.com results) Anti Money Laundering Regulations (AML) Due to the Money Laundering Regulations, now officially known as Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 we are required to follow government legislation and carry out identification checks on all purchasers.
We use a specialist third party company to conduct these checks at a charge of £40 + VAT per buyer once an offer has been accepted and you will be unable to proceed with the purchase of the property until these checks have been carried out.
This charge is non-refundable.
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.
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About 8 Campbell House, Coniston, LA21 8ER
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