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See how verdicts work3-bedroom bungalow · CA12 4BY
Listing removedListed 155 days
Opportunity summary
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About
Brief Résumé A superb opportunity to purchase a two-bedroom ground floor property with a one-bedroom apartment above. Converted in 2023, the properties have the benefit of outside space and parking.
Local Occupancy Clause Applies Description The Bungalow and Apartment above are located in a popular residential area of Keswick.
Converted in 2023, the properties are fully double glazed and have an air source heat pump for heating.
Skiddaw Street is a short walk from the main town centre with an array of local shops, restaurants, cafes and bars. The Cinema, Theatre by The Lake and Derwentwater are all close by.
Having the added benefit of outside space and parking, these properties would be great as a permanent home or residential lets.
The Bungalow has its own entrance to the side of the building that enters into the sitting room. This room has dual aspect windows to the side and front.
From here a door takes you to a very spacious hallway that gives access to all the other rooms.
The kitchen/diner sits to the rear of the property and has a full range of modern wall and base units and plenty of space for a dining table and chairs, patio doors take you out to the rear garden area.
Bedroom one is a good size double with two built in cupboards and a further cupboard housing the air source heat pump water tank. This room has the benefit of an en-suite shower room.
Bedroom two is a double or twin and had dual aspect windows to the front and side, plus built in cupboards.
There is a work form home office or a small third bedroom also with built in cupboards and window to side. The bathroom completes the property with bath and shower over.
The apartment above is accessed from the front with its own private entrance. Stairs take you to the first floor where there is an open plan kitchen/dining space.
This room is light and bright and benefits from Velux windows. The kitchen has a range of base and drawer units, and the dining space has room for table and chairs.
A study area is to one side of the dining area. From the kitchen/dining room, it is open to the lounge, again with Velux windows and benefits from under eaves storage.
A double bedroom is to the rear of the apartment also with under eaves storage and window looking to the rear.
To complete the property is a shower room with shower cubicle and plumbing for washing machine. To the outside is parking for both properties and land that can be used as garden.
What3words///fearfully.slam.upward Accommodation: Entrance Front door located from the path leading from the parking bay entering in to: Sitting Room Dual aspect windows to front and side.
Door to: Inner Hallway Access to all rooms. Door to understairs storage cupboard Kitchen Full range of modern wall and base units with contrasting work tops and splashbacks.
Single bowl sink and drainer. Integrated electric oven and hob. Space for washing machine and free standing fridge/freezer. Two windows looking to the side.
Double patio doors to the rear outside space. Space for dining table and chairs. Bedroom One Double bedroom. Window to rear and two high windows to side.
Two built in cupboards with shelving and hanging rails. Further large built in cupboard housing Valiant hot water tank, under floor heating pipes from the air source heat pump.
Door to: En Suite Large walk in shower. WC. Wash hand basin. Window to side. Bedroom Two Double or Twin Room. Dual aspect windows to front and side. Built in wardrobe with hanging rail and shelving.
Office/Bedroom Three Smaller room. Window to side. Door to built in cupboard with hanging rail and shelving. Bathroom Bath with shower above, respatex to walls. WC. Wash hand basin.
Window to side aspect. Apartment Accommodation: Entrance Front door to the front of the building. Private access. Opens to vestibule to hang coats. Staircase to first floor.
Open Plan Kitchen/Diner The staircase enters the property in the middle, to the left is a modern kitchen with base and drawer units, contrasting worktops and splashbacks. Single bowl sink and drainer.
Space for oven and hob, fridge and freezer. Velux to roof. Radiator. To the right of the staircase is a dining area with space for dining table and chairs with Velux to roof.
Office/Workspace Down from the dining area is a work from home area with space for desk and chair. Storage space over the stairs. Lounge Open from the dining area. Velux to each side.
Under eaves storage. Radiator. Door to: Bedroom Double bedroom. Built in wardrobe. Window to side aspect. Radiator. Under eaves storage. Shower Room Shower cubicle with respatex to walls.
Wash hand basin housed in vanity unit. WC. Ladder style radiator. Velux to roof. Plumbing for washing machine. Outside To the outside is a garden/seating area to the rear.
A pathway follows round each side of the property and to the front is outside seating and parking for both properties. Services Mains electricity, water and drainage.
The Bungalow has under floor heating throughout with each room having a separate thermostat. The apartment has wet radiators. Both properties use the air source heat pump for heating and hot water.
Tenure Freehold. Agent’s Note Mobile phone and broadband results not tested by Edwin Thompson Property Services Limited. The properties do have a Local Occupancy Clause, to be confirmed.
Council Tax The vendor has advised us the property is within The Cumberland Council. The council tax band for the property is to be confirmed by the council.
Offers All offers should be made to the Agents, Edwin Thompson Property Services Limited. Viewing Strictly by appointment through the Agents, Edwin Thompson Property Services Limited. Ref: K3878061
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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FAQ
About The Bungalow and Apartment, Skiddaw Street, Keswick
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