1-bedroom flat · CA11 7NW
Listing removedListed 55 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Having just been refurnished, flat 1 Kingdom Hall is a spacious ground floor apartment to the north of Penrith town centre and with accommodation comprising; Living Room, Kitchen, Bedroom and a Shower Room.
There is also a small enclosed yard to the rear and resident permit parking is available through Westmorland and Furness Council, subject to availability.
The property also benefits from Gas Central Heating via a Condensing Boiler. Location - From the centre of Penrith, head North on the A6, Stricklandgate, which becomes Scotland Road.
Number 1 and 2 Kingdom Hall are on the left.
The what3words position is; backfired.dote.raced 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.
The council tax is band A 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 £600 Refundable tenancy deposit: £690 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 Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL Accommodation - Entrance - Through a broad arch timber panel door to the; Shared Vestibule - A built-in cupboard House of the MCB consumer units, gas and electric metres.
The door on the right opens to flat one. Living Room - 5.33m x 4.75m (17'6 x 15'7) - Having a double glazed window to the front and a double radiator.
Doors open to the bedroom and; Kitchen - 3.05m x 2.49m (10' x 8'2) - Fitted with shaker style base units and a slate effect work surface incorporating a stainless steel single drainer sink with mixer tap and tile splashback.
There is an electric cooker point, plumbing for a washing machine and space for a fridge. The wall mounted gas fired condensing combo boiler provides a hot water/central heating.
The flooring is laminate and there is a single radiator, an extractor fan and a double glazed window to the side. An arched timber door opens to the rear yard.
Bedroom - 3.84m x 2.49m (12'7 x 8'2) - Having a single radiator and a double glazed window facing onto the rear yard.
A door opens to the; Shower Room - 2.31m x 0.81m (7'7 x 2'8) - Fitted with a contemporary toilet, wash basin and a shower enclosure with marine board to 3 sides and a Triton T80 electric shower over.
There is a chrome heated towel rail and an extractor fan. Outside - To the rear of the property is an enclosed rear yard.
Parking Permit - Street parking is available on Foster Street and permits are available, subject to availability, through Westland and finesse 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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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 Scotland Road, Penrith
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