2-bedroom terraced house · CA11 7DP
Listing removedListed 119 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally suited to; a first time buyer, someone downsizing or a rental investor, 16 West Lane is a delightful renovated and comfortable sandstone cottage, conveniently located in the heart of Penrith, yet on a side lane, with accommodation comprising; Living Room open into the Kitchen, 2 Bedrooms and a Bathroom.
This comfortable cottage also benefits from uPVC Double Glazing, Gas Central Heating from a Condensing Boiler and Resident Permit Parking is available.
Location - From the Centre of Penrith, head out of Great Dockray on Castle Hill Road and take the first right turn into West Lane, number 16 is on the right.
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.
Council tax is Band A Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Fees - Please note that to be able to meet the affordability criteria the household gross income of any prospective tenant(s) will need to be 3 times the rental amount.
On signing the tenancy agreement you will be required to pay: Rent £775 Refundable tenancy deposit: £890 FEES DURING YOUR TENANCY: TENANCY AMENDMENT FEE, where requested by the tenant - £48 (inc.
VAT) DEFAULT FEE - replacement of lost key/security/safety devices - £48 (inc.
VAT) Plus any actual costs incurred DEFAULT FEE – unpaid rent - 3% over base for each date that the payment is outstanding and applies to rent which is more than 14 days overdue Applications will not be processed until the property has been viewed and we have received proof of ID: A passport or driving licence together with proof of current address in the form of a utility bill or bank statement (under 3 months old) WILKES-GREEN + HILL LTD is a member of The Property Ombudsman WILKES-GREEN + HILL LTD is a member of a client money protection scheme operated by Propertymark Accommodation - Entrance - Through a uPVC double glazed door to the; Open Plan Living Room Kitchen - 6.15m x 4.11m (20'2 x 13'6) - Having an electric flame effect heater set in a feature fireplace, a double radiator, a TV aerial point, a telecoms point and an MCB consumer unit..
There is a floor cupboard housing the gas and electric metres. A uPVC double glazed window faces to the front and a door to the stairs with access to a cupboard below.
The kitchen area is fitted with a range of cream shaker style units with a wood effect worksurface incorporating a stainless steel single drainer sink with mixer tap.
There is a built-in electric oven and ceramic hob with glass splashback and a stainless steel cooker hood, an integral fridge and plumbing for a dishwasher.
Two uPVC double glazed windows faced to the rear. First Floor - Landing - A uPVC double glazed window in the stairwell provides natural light and the ceiling trap gives access to the roof space above.
Bedroom One - 2.92m' x 4.14m (9'7' x 13'7) - Having a double radiator and a uPVC double glazed window to the front.
Bedroom Two - 2.03m x 3.02m (6'8 x 9'11) - A cupboard above the stair head houses a Baxi gas fired condensing combi boiler which provides the hot water and central heating.
There is a double radiator and a uPVC double glazed window to the rear.
Bathroom - 1.30m x 2.24m (4'3 x 7'4) - Fitted with a contemporary lavatory, wash basin and bath with a mains fed twin head shower over, tiles around and a clear shower screen.
The ceiling has recessed downlights and the floor is vinyl tiled. There is a chrome heated towel rail and an extractor fan.
Parking Permit - Street permit parking is subject to availability and applied for through Westmorland and Furness Council.
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
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 16, West Lane, Penrith
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