3-bedroom flat · CA11 7DA
Listing removedListed 115 daysAuction 29 Jul · ended
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Guide Price = £25,000-£50,000 **For Sale By Public Auction 29th July 2026 09:30 am.
To inspect the legal documents for this property go to our website to download the legal pack** A First and Second Floor Three Bedroom Split Level Flat Subject to a Periodic Tenancy Producing £5,400 Per Annum Tenure Leasehold.
The property will be held on a new 999 year lease from completion. Location The property is situated on a residential road close to local shops and amenities.
The open spaces of Castle Park are within easy reach. Transport links are provided by Penrith rail station.
Description The property comprises a first and second floor flat situated within a mid terrace building arranged over ground and two upper floors.
Accommodation First Floor Reception Room with Open-Plan Kitchen Bedroom Bathroom Second Floor Two Bedrooms Tenancy The property is subject to a Periodic Tenancy for a term of 6 months commencing 3rd July 2020 (holding over) at a rent of £5,400 per annum.
Note The property has not been inspected by Auction House London. All information has been supplied by the vendor. EPC Rating E
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
Agent & docs
.png){kind=logo}
FAQ
About First & Second Floor, 5, Cornmarket, Penrith
Explore nearby
