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3 bedroom terraced house for sale
Stricklandgate, Penrith, Cumbria, CA11
£290,000
Stricklandgate, Penrith, Cumbria, CA11
£290,000
Our Summary
- EXCELLENT INVESTMENT OPPORTUNITY WITH CURRENT 7
- The property has been renovated to a great standard throughout, with no urgent need for any works being apparent
Description
This investment opportunity presents a substantial three-storey property, converted into three self-contained one-bedroom apartments, located close to Penrith town centre. The property has been renovated to a high standard and has no urgent need for works. The three apartments are currently let on assured short-hold tenancies, generating an excellent 7.9% yield with no rent arrears or issues. Each apartment has its own electric supply and meter, and the property features UPVC double glazing and electric heating. The location offers easy access to the M6, A66, and the Lake District National Park, making it a popular choice for commuters and outdoor enthusiasts. With no need for urgent works and a solid rental income, this property presents a great investment opportunity for anyone looking to generate a steady income.