Low-cost entry in central Penrith with parking and long lease.
Chain free second-floor apartment with designated off-street parking
Long lease: 996 years remaining (leasehold)
Affordable annual running costs: Service charge £900, Council Tax Band A
Compact footprint: approximately 409 sq ft (small overall size)
EPC rating D — potential for energy improvements
Urban outlook over parking; no notable scenic views
Mid-20th century block with plain exterior and communal areas
Suitable for first-time buyers or buy-to-let; cosmetic updating likely needed
Set on the second floor of a mid‑20th century block, this one‑bedroom apartment offers an affordable entry into Penrith’s housing market. The layout provides a double bedroom, combined kitchen/living area, separate WC and shower room, and a designated off‑street parking space. With 409 sq ft of accommodation, it suits a first‑time buyer or buy‑to‑let purchaser seeking a low‑cost start.
The property is chain free and comes with a very long lease (996 years), keeping future ownership straightforward. Annual running costs are modest: Council Tax Band A and a service charge of £900 per year which covers communal cleaning, ground maintenance, communal electricity, building insurance and basic repairs. Broadband and mobile signals are strong and the location is a short walk from town centre amenities and several well‑rated schools.
Buyers should note the apartment’s compact size and the utilitarian mid‑century exterior that overlooks the parking area rather than scenic views. The EPC is rated D. The block and flat present clear potential for cosmetic updating and redecoration to increase comfort or rental appeal, but there is no indication of structural or flooding risk.
Overall this is a practical, low‑cost option for someone prioritising affordability, location and low ongoing outgoings. It’s especially appropriate for a first‑time buyer wanting a manageable home near town, or an investor looking for a straightforward rental with minimal immediate capital outlay.
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