Low-maintenance, ready-to-let apartment close to station and shops.
Long lease 969 years — secure ownership term
Recently renovated and redecorated throughout
Compact but flexible 2-bedroom layout, first-floor position
Town-centre location, short walk to rail station and amenities
Currently generates circa £575 PCM rental income
Very high local crime rate and area classified as deprived
On-street parking only; permit required
Stone-built walls likely uninsulated — possible thermal upgrade needed
This first-floor, two-bedroom apartment offers low-maintenance town-centre living with a long lease and no onward chain. Recently redecorated and newly renovated throughout, the property is ready to occupy or let immediately.
Well positioned for Penrith’s shops and rail station, the flat has generated around £575 PCM in rental income, giving immediate investor appeal or reliable starter-home returns. The layout is compact but flexible, with a living/dining room, separate kitchen, and a small private patio off a shared courtyard.
Buyers should note material drawbacks frankly: the neighbourhood records very high crime levels and the wider area is classified as deprived. Parking is on-street with a permit requirement. The building is stone-built (likely sandstone/limestone) with assumed lack of wall insulation; some buyers may want to budget for future thermal improvements. There are annual costs — ground rent and service charge and building insurance — and broadband speeds are average.
Overall this is a practical, characterful period apartment for a first-time buyer seeking a low-upkeep central home or an investor wanting immediate income and short-let potential. Viewings are recommended to appreciate the space and town-centre convenience.
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