1-bedroom house · CA11 7HT
Sold STCListed 238 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Tucked away in quiet pedestrian mews style row of modern cottages in the heart of Penrith, 3 Central Buildings is a smart, comfortable and efficient home with accommodation comprising, Open Plan Living Room and Kitchen, Landing with built in wardrobes, a Double Bedroom and a Bathroom.
The cottage also benefits from uPVC Double Glazing and Gas Central Heating via a condensing combi boiler.
The cottage is accessed along a private shared path and steps to the entrance and across the front of the cottage is a shared Terrace with drying area.
Resident permit parking is available, subject to availability through Westmorland and Furness Council Location - Central Buildings is in the centre of Penrith and can be accessed on foot only by walking through the broad covered passageway to the right of Birtles Sports Shop.
Amenities - Penrith is a popular market town, having excellent transport links through the M6, A66, A6 and the main West coast railway line.
There is a population of around 17,000 people and facilities include: infant, junior and secondary schools. There are 5 supermarkets and a good range of locally owned and national high street shops.
Leisure facilities include: a leisure centre with; swimming pool, climbing wall, indoor bowling, badminton courts and a fitness centre as well as; golf, rugby and cricket clubs.
There is also a 3 screen cinema and Penrith Playhouse.
Penrith is known as the Gateway to the North Lakes and is conveniently situated for Ullswater and access to the fells, benefiting from the superb outdoor recreation opportunities.
Services - Mains water, drainage, gas and electricity are connected to the property. Tenure - The property is freehold and the council tax is band A.
Anti Money Laundering Requirements - In line with The Money Laundering, Terrorist Financing and Transfer of Funds (information on the Payer) Regulations 2017, as a regulated profession, we are duty bound to carry out due diligence on all of our clients to confirm their identity.
Rather than traditional methods in which you would have to produce multiple utility bills and a photographic ID we use an electronic verification system.
This system allows us to verify you from basic details using electronic data, however it is not a credit check of any kind so will have no effect on you or your credit history.
To do so the Credit Referencing Agencies may check the details you supply against any particulars on any database (public or otherwise) to which they have access.
They may also use your details in the future to assist other companies for verification purposes. A record of the search will be retained.
A fee of (£24 inc VAT) per purchaser will be charged to cover the costs associated with fulfilling our obligations under the act.
A link will be sent to your mobile to enable you to make the payment and thereafter the biometric check..
Referal Fees - WGH work with the following provider for arrangement of mortgage & other products/insurances, 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 WGH will receive a referral fee : Fisher Financial, Carlisle The Right Advice (Bulman Pollard) Carlisle Average referral fee earned in 2024 was £253.00 Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Accommodation - Entrance - Through a uPVC double glazed door to the; Living Room/Kitchen - 4.70m x 4.17m (15'5 x 13'8) - The kitchen area is fitted with a range of pale oak effect printed wall and base units and a cream worksurface incorporating a stainless steel single drainer sink with tiled splashback.
There is space for a gas or electric cooker, plumbing for a washing machine and space for an undercounter fridge.
A wall mounted Baxi gas fired condensing combi boiler provides the hot water and central heating. A natural wood staircase leads to the first floor.
A uPVC double glazed window faces to the front and there is a double radiator a TV point, a telephone point and a gas supply and flue for a gas fire.
First Floor-Landing - Built-in wardrobes to one side give hanging and shelf storage and a double glazed roof light gives natural light.
Bedroom - 3.76m x 2.59m (12'4 x 8'6) - Having a recessed shelved cupboard over the stair head, a single radiator, a TV aerial lead and a uPVC double glazed window to the front.
Bathroom - 2.03m x 1.47m (6'8 x 4'10) - Fitted with a toilet, a wash basin and a bath with mixer shower taps and tiles around. uPVC double glazed window to the front.
Outside - Central buildings is accessed through a broad covered passage from Great Dockray leading to steps up to the front door.
Across the front of central buildings apartments is a flagged patio area with clothes line and is available to all the residents.
Value & comps
No previous sales on record.
Returns
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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
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FAQ
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