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See how verdicts work2-bedroom flat · CA11 9HD
Listing removedListed 267 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in a quiet residential area, with easy access to the town centre and close to transport links, with enclosed garden & allocated parking space, a well presented, recently modernised and improved, 2 bedroom ground floor apartment.
Ideal as investment/retirement option.
Offered to the market with no ongoing chain, and found in good well maintained order throughout, having been recently renovated, with new central heating, windows and doors having been fitted in 2023, 9 Petteril Road is a deceptively spacious and flexible ground floor apartment, situated in this ever sought after area to the north on Penrith town centre.
Set around an open green space, with adjacent allocated parking and a bus stop close by, the flat has its own private entrance and greatly benefits from its own enclosed garden space to the front with French doors giving access from the living room.
Gas centrally heated and double glazed, the heating system is boosted by an air source heaters, both of which were also installed in 2023.
Being ground floor the property would be an ideal alternative to a bungalow for those looking to downsize, or will also appeal to first time buyers or those looking to invest in a buy to let, similar properties in the area achieving rent in the region of £600 PCM, an annual yield in the region of 5.3%.
Sure to attract good interest, early viewing is recommended. Directions From Penrith town centre follow the A6 north until reaching the mini roundabout on Scotland Road.
Take the 2nd exit and follow this turning left onto Drovers Lane and then Macadam Way. Follow this up the hill and Petteril Road is on the left hand side.
Follow this to reach the parking area and walk over the green space to reach the apartment.
Services Mains gas, electric, water and drains are connected, but neither these services nor any boilers or radiators have been tested. Material Information: • Standard construction.
• We understand that broadband and mobile telephone reception are available.
For an indication of speeds and supply please see the OFCOM website: • Vehicle parking is in a communal car park (with allocated space) • Tenure: The property is sold on a leasehold basis, with approximately 84 years remaining.
There is a ground rent circa £500 per annum with no additional service charges. Mortgage buyers are advised to seek advice from their broker with regards to the lease length.
Entrance Hall Living Room 4.27m x 3.28m Kitchen 2.8m x 2.34m Bedroom 1 3.78m x 2.9m Bedroom 2 2.54m x 2.03m Bathroom 2.03m x 1.65m
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 9 Petteril Road, Penrith, Cumbria
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