2-bedroom flat · LA9 7FG
Listing removedListed 45 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tenure: Leasehold A well presented third floor apartment featuring two spacious double bedrooms, an open-plan living area with a balcony overlooking the river, a fitted kitchen with integrated appliances, a bathroom, an en suite shower room and undercover parking, situated in a great location with excellent road links.
EPC D. Council Tax D. EPC Rating: D Information For Tenants As well as paying the rent you may also be required to make the following permitted payments.
Before the tenancy starts - payable to thw Estate Agents Ltd A Holding Deposit - equivalent of 1 weeks rent Deposit - equivalent of five weeks rent During the Tenancy - payable to thw Estate Agents Ltd Payment of up to £50 if you want to change the tenancy agreement Payment of interest for the late payment of rent at a rate of 3% per annum above Bank of England's base rate Payment of up to £75 for the reasonably incurred costs for the loss of keys/security devices Payment of any unpaid rent or other reasonable costs associated with your early termination of the tenancy Other permitted payments Any other permitted payments, not included above, under the relevant legislation including contractual damages.
Please Note This property is to be let on a fixed term Assured Shorthold Tenancy for a minimum term of 6 months and you will not be able to terminate the lease during this fixed term.
You will be responsible for the rent during this fixed term.
The tenant will be responsible for all utility charges during the full term of the tenancy including gas, electricity, water, sewerage, telephone and Council Tax and any other services connected to the property.
The tenant will be responsible for insuring their own possessions for the full term of the tenancy.
Following successful referencing the tenant will be required to pay one months rent in advance and a security deposit prior to the start of the tenancy, the deposit will be held in accordance with the Tenancy Deposit Scheme Regulations and will be refundable at the end of the tenancy, subject to the property being left in a satisfactory condition.
The rent will then be due on or by each rent day and will be payable by standing order. How To Rent Guide We advise any prospective tenants to read the governments How to Rent Guide - available on .
Tenant Protection Thw Estate Agents Ltd is a member of Propertymark Client Money Protection Scheme which is a client money protection scheme and also a member of The Property Ombudsman which is a redress scheme.
You can find out more details on the our website or by contacting the us directly. Reposit We’ve partnered with a company called Reposit who offer an alternative to paying a cash deposit.
By using Reposit you can save money upfront as you only need to pay the Reposit fee which is the equivalent of one weeks rent (This is a non refundable fee) instead of a cash deposit would be five weeks rent.
If your tenancy lasts for more than 12 months you will be charged a £30 annual fee. Please note that just like a normal deposit, you are still liable for any valid end of tenancy charges (e.g.
Cleaning fees, costs for repairs, outstanding rent) in case of a dispute you will be charged £60 which will be refunded to you if your dispute is successful.
More information can be found here Parking - Off Street One undercover, allocated parking space
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
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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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FAQ
About 324 Riverside Place, Kendal
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