Cornmarket, Penrith 3 bed flat for sale

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Cornmarket, Penrith 3 bed flat for sale

Cornmarket, Penrith
£85,000

Our Summary

  • However, the property will also benefit from updating which would create a wonderful home and there is excellent potential to increase the rent accordingly
  • Will Benefit from Updating/Improving

Description

This charming three-storey apartment is situated in the heart of Penrith, a popular market town with excellent transport links. The property is a part of a Grade 2 Listed building and offers generous and flexible space with a perfect town centre location. The accommodation comprises a hallway, living room, kitchen, three double bedrooms, and a bathroom. The property is currently rented out and generates a return on investment of 6.49%, but also has potential for updating and increasing the rent. The apartment benefits from a 125-year lease, with a ground rent of around £200 per annum and a service charge of £400 per annum. With its quirky charm and central location, this property would suit either a rental buyer or a private buyer looking for a unique home in the heart of Penrith.