Chain free first-floor flat with long lease (c. 973 years)
Approx. 571 sq ft; compact two-bedroom layout
Off-street parking and small rear garden
Mains gas central heating; double glazing installed post-2002
Close to town centre, train station and shops
Estimated rental yield c. 7% (investment potential)
Medium flood risk; check insurance and mitigation
Higher local crime level; investigate neighbourhood safety
This compact two-bedroom first-floor flat in Norfolk Place offers an affordable entry into Penrith property ownership or a straightforward rental investment. Sold chain free with a long lease (c. 973 years), the accommodation is ready to occupy and benefits from mains gas central heating and double glazing installed after 2002.
Practical features include off-street parking, a small rear garden and proximity to the town centre, train station and supermarkets — useful for commuters and tenants. At the advertised price the property is promoted as delivering an approximate rental yield of around 7%, making it of interest to buy-to-let purchasers or first-time buyers seeking low running costs (very cheap council tax).
Buyers should be aware of a few material considerations. The flat is small (approx. 571 sq ft) with dated internal decor and only standard fittings, so modest updating will improve comfort and rental appeal. The location statistics note a medium flood risk and higher local crime levels; prospective purchasers should carry out their own checks on insurance and personal safety measures. The wider neighbourhood is classified as a transitional area with many primary-sector workers and recent Eastern European communities, which may influence local services and rental demand.
Overall, Norfolk Place is a pragmatic, budget-priced option for someone seeking a low-entry cost home or an income-producing asset. It suits buyers who prioritise location and running-cost efficiency over contemporary finishes, and who are prepared to invest modestly in cosmetic improvements to maximise value or rental income.
