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See how verdicts work2-bedroom flat · CA11 7BJ
Sold STCListed 384 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the heart of Penrith, surrounded by a wide range of amenities and shops, within easy walking distance of the railway station, a deceptively spacious and flexible, low maintenance, 1/2 bedroom first floor apartment, ideal as a first time purchase of buy to let.
Offered to the market with no ongoing chain, and found in good well-presented neutral order throughout having just been redecorated, 7a princes Court is a great opportunity to acquire a well-proportioned apartment, located in this popular area of Penrith town centre.
Ideal as a buy to let accusation, having been recently generating a rental income circa £575 PCM, the property would also make a low maintenance home, or with easy access to the rail and bus stations, it would have great potential as a second property to use as a base for exploring the nearby Lake District, with options as a short let, "Air BnB" income generator when not in an owners use.
Occupying the first floor of the building, the property is accessed by a private courtyard and has accommodation comprising the entrance hall, with its own private access, sitting / dining room, modern fitted kitchen, master bedroom, 2nd bedroom / sitting room and a recently upgraded bathroom.
Perfectly positioned, viewing is essential to appreciate.
Directions From the Market Square in the town centre, follow Rowcliffe Lane, which runs between Grahams and the Heart Foundation shop for 60 metres to reach Princes Court on the right hand side.
Services Mains electric, water and drains are connected, but neither these services nor any boilers or radiators have been tested. Key Information: • Standard construction.
• We understand that broadband and mobile telephone reception are available. For an indication of speeds and supply please see the OFCOM website: • Vehicle parking is on road. (Permit required).
Tenure: The property is leasehold, with 969 years remaining in the lease.
We are informed there is a ground rent and service charge circa £275.00 PA and building insurance circa £385.00 PA Entrance Hall Living Dining Room 4.57m x 3.84m Kitchen 3.6m (max) x 2.41m (max) Bedroom 1 4.57m x 2.64m Bedroom 2 / Sitting Room 4.6m x 1.96m Bathroom 2.41m x 1.73m
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
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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
Agent & docs
FAQ
About 7a Princes Court, Rowcliffe Lane, Penrith, Cumbria
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