We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom flat · LA23 1EP
Listing removedListed 460 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Property Overview: Set in the heart of the picturesque Lake District, 2 Bannerigg on Oak Street offers a delightful blend of comfort and convenience.
This charming, surprisingly large three-bedroom, newly decorated apartment with tandem double garage is perfect for those seeking a serene retreat with all the modern amenities at their fingertips.
As you step inside, you are greeted by a warm and inviting open plan living space, where natural light floods through large windows, creating a bright and airy atmosphere.
The open plan living room, with its tasteful décor, is the ideal spot to unwind, offering an electric log burner for the cooler evenings.
The dining / kitchen area follows through, a well appointed kitchen is functional and stylish, featuring ample storage and granite worktop space.
The Lomona Gas cooker with extractor over, integral fridge/freezer, space for washer, dryer and dishwasher so whether you're preparing a quick breakfast or a gourmet dinner, this kitchen caters to all your needs.
There is under stair storage for the odds and bobs.
The second floor of the apartment boasts two generously sized bedrooms, each offering built in cupboards and the third bedroom can be used as a home office or kiddies room.
A modern bathroom completes the interior, equipped with a Mira Sport shower over bath, WC and hand basin.
Outside, the property benefits from a tandem double garage that can house two small cars as well as designated off road parking for two small cars or one larger vehicle.
Whether you need secure parking or extra storage space, this garage is a valuable addition.
Accommodation: (with approximate measurements) Open plan Living / Dining / Kitchen 25' 6" overall x 15' 10" incl.
stairs (7.77m x 4.83m) Second Floor Bathroom Bedroom 1: 11' 11" x 9' 2" (3.63m x 2.79m) Bedroom 2: 11' 2" x 9' 2" (3.4m x 2.79m) Bedroom 3: 7' 7" x 6' 3" (2.31m x 1.91m) Garage: 24' 7" x 7' 8" (7.49m x 2.34m) Property Information: Services: Mains water, mains drainage, mains electric and mains gas.
Tenure: Leasehold for the residue of 999 year lease from 1-9-1977 subject to a ground rent of £1.00 which is incorporated in the service charge of approximately £1160.00 per annum charged by the management company.
This includes building insurance. Council Tax: Westmorland and Furness Council - Band C.
Energy Performance Certificate: The full Energy Performance Certificate is available on our website and also at any of our offices. Viewings: Strictly by appointment with Hackney & Leigh.
What3words & Directions: ///shelf.munch.strange Situated within walking distance of Windermere's charming shops, cafes, and restaurants, when traveling into Windermere on the one-way system, turn left into Oak Street, off Crescent Road, carry on straight and you will find the apartments on your right hand side with parking and access to the garage at the rear of the property.
Anti Money Laundering: Please note that when an offer is accepted on a property, we must follow government legislation and carry out identification checks on all buyers under the Anti-Money Laundering Regulations (AML).
We use a specialist third-party company to carry out these checks at a charge of £42.67 (inc. VAT) per individual or £36.19 (incl.
vat) per individual, if more than one person is involved in the purchase (provided all individuals pay in one transaction).
The charge is non-refundable, and you will be unable to proceed with the purchase of the property until these checks have been completed.
In the event the property is being purchased in the name of a company, the charge will be £120 (incl. vat).
Disclaimer: All permits to view and particulars are issued on the understanding that negotiations are conducted through the agency of Messrs. Hackney & Leigh Ltd.
Properties for sale by private treaty are offered subject to contract.
No responsibility can be accepted for any loss or expense incurred in viewing or in the event of a property being sold, let, or withdrawn. Please contact us to confirm availability prior to travel.
These particulars have been prepared for the guidance of intending buyers. No guarantee of their accuracy is given, nor do they form part of a contract.
*Broadband speeds estimated and checked by on 17-07-2025
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 2 Bannerigg, Oak Street, Windermere, LA23 1EP
Explore nearby