Property description
Situated in the heart of the town, with excellent access to the services and amenities, The Flat Above 5 Cornmarket is a spacious and quirky three storey apartment, forming part of a handsome Grade 2 Listed building. The accommodation comprises; Hallway, Living Room, Kitchen, 3 Double Bedrooms and a Bathroom. Residents Permit Parking is available through Westmorland and Furness Council.
This interesting apartment offers generous and flexible space with a perfect town centre location and will suit either a rental buyer or a private buyer. The property is currently rented out and the tenant is paying £460 per calendar month, representing a return on investment of 6.49%. However, the property will also benefit from updating which would create a wonderful home and there is excellent potential to increase the rent accordingly.
Location - Flat 5 The Cornmarket is in the centre of Penrith, between the Cornmarket and the Musgrave Monument.
The what3words position is; paying.linged.drummers
Amenities - Penrith is a popular market town, having excellent transport links through the M6, A66, A6 and the main West coast railway line. There is a population of around 17,000 people and facilities include: infant, junior and secondary schools. There are 5 supermarkets and a good range of locally owned and national high street shops. Leisure facilities include: a leisure centre with; swimming pool, climbing wall, indoor bowling, badminton courts and a fitness centre as well as; golf, rugby and cricket clubs. There is also a 3 screen cinema and Penrith Playhouse. Penrith is known as the Gateway to the North Lakes and is conveniently situated for Ullswater and access to the fells, benefiting from the superb outdoor recreation opportunities.
Services - Mains water, drainage, gas and electricity are connected to the property.
Tenure - The property is leasehold. The vendor informs us that there will be a 125 year lease from completion and that the ground rent will be in the region of £200 per annum with a service charge in the region of £400 per annum. The council tax in band A.
Viewing - STRICTLY BY APPOINTMENT WITH WILKES-GREEN + HILL
Referal Fees - WGH work with the following provider for arrangement of mortgage & other products/insurances, however you are under no obligation to use their services and may wish to compare them against other providers. Should you choose to utilise them WGH will receive a referral fee :
Fisher Financial, Carlisle
The Right Advice (Bulman Pollard) Carlisle
Average referral fee earned in 2024 was £253.00
Accommodation -
Entrance - The entrance is through a shared passageway from Cornmarket to a small shared rear yard with steel steps up to the front door. The front door opens into the;
Hallway - Having stairs up to the first floor with wooden handrail and spindles. There is a recessed built-in shelf cupboard and doors off to the kitchen and;
Living Room - 5.56m x 3.40m (18'3 x 11'2) - A large sash window faces to the front with wood panelling around and there is a double radiator and a TV aerial lead.
Kitchen - 2.84m x 3.18m (9'4 x 10'5) - Fitted with grey fronted base and wall units and a dark grey worksurface incorporating a stainless steel single drainer sink with mixer tap. There is space for an electric cooker, space for an upright fridge freezer and plumbing for a washing machine. A wall mounted gas boiler provides the hot water and central heating and there is a double radiator and a multi pane sash window to the rear.
Second Floor-Landing - A recessed airing cupboard houses the hot water tank and shelves. Doors lead off to the bedrooms and bathroom and a door opens to a staircase to the third floor.
Bedroom One - 4.67m x 3.40m (15'4 x 11'2) - There is a sash window to the front, a double radiator and a recessed wardrobe with hanging and shelf space.
Bedroom Two - 2.79m x 2.69m (9'2 x 8'10) - Having a double radiator and a window to the rear.
Bathroom - Fitted with a short shower bath having a Mira shower over and there is a toilet and wash basin. The walls are part tiled, there is a single radiator and an extractor fan.
Third Floor - The stairs rise to a half landing with eaves store and a uPVC double glazed window giving natural light.
Stairs continue to a door opening into;
Bedroom Three - 3.96m 3.05m x 2.59m (13' 10 x 8'6) - Having a built-in cupboard to one corner, a single radiator and the ceiling is partly sloped to an exposed perling and a double glazed window.
Outside - Resident permit parking is available through Westmorland and Furness Council and is subject to availability.
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