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See how verdicts work3-bedroom bungalow · CA10 3NB
Sold STCListed 120 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Welcome to Custodians Cottage, a unique prospect for the discerning buyer to purchase this one of kind timber bungalow, built in the 1950’s by the Ministry of Works to provide living accommodation for the former on-site property custodian.
Many years have passed since then and it has been in private ownership ever since.
The cottage itself is of timber construction with a concrete foundation and is part way through a complete renovation, following the granting of planning permission to extend and completely remodel the property to suit modern standards.
Currently the majority of the internal walls and frames are in as part of the “first fix” with the electrics and water components still to do by a prospective buyer.
The potential on offer to continue with the build and to truly make it yours is not to be understated and upon completion, you’ll have a true gem, built to your specifications and in the way that you desire, to enjoy for years to come.
Outside, the property is situated on a very generous and level plot, currently laid mostly to lawn, the space allows you the freedom to model it into the most wonderful garden area, with enough room to put in driveway parking, raised terraces, kitchen gardens or if you fancied it, your own orchard to escape the summer sunshine and enjoy a cool drink while you listen to the sound of trees and the constant babbling of the nearby River Lowther.
Not only have you got the property to look forward too, but you also have the wonderful location to enjoy.
Nestled in a secluded valley on the edge of the Lake District National Park (you can see the boundary from the garden!), you have the majestic ruins of Shap Abbey on your doorstep to explore, along with endless walks, including the world famous Coast to Coast footpath and if that’s not enough, if nature is your thing, the valley is teeming with all manner of creatures, including Red Squirrels, Hares, Kingfishers and Deer to name a few!
While you might think this rural idyll might be remote and cut off, Custodians Cottage is located just a few minutes drive from Shap and the M6 motorway with Penrith only being about a twenty minute drive from the property.
So you truly do get the best of both worlds when you take up residence. Fancy a closer look?
Then call us today to book your viewing and we’ll be happy to show you around this absolute beauty of a property.
SERVICES The property benefits from mains water, with mains electricity nearby to be connected to the property.
A redundant septic tank requires replacement and Fibre Broadband has recently been laid and is available for connection.
PLANNING PERMISSION Planning was granted at the end of 2024 to extend, re-roof and re-clad and further details can be found on the Westmorland & Furness planning register with reference: 2024/1308/FPA DISCLAIMER These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in this employment has the authority to make or give any representation or warranty in respect of the property.
It is not company policy to test any services or appliances in properties offered for sale and these should be verified on survey by prospective purchasers.
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
Agent & docs

FAQ
About Shap, Penrith, CA10
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