Castlegate Mews, Penrith, Cumbria
- PROPERTY TYPE
Terraced
- BEDROOMS
2
- BATHROOMS
1
- SIZE
560 sq ft
52 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold investment property
- Attractive net yield of 6.8%
- Tenanted and income-producing from day one
- Management in place – fully hands-off opportunity
- Excellent transport links via M6 and West Coast Main Line
Description
The property is currently let at £795 per calendar month, generating an annual rental income of £9,540. This reflects a strong net yield of 6.8%, offering a solid return in a stable rental market.
The accommodation comprises two well-proportioned bedrooms and additionally benefits from a dedicated utility room, enhancing practicality for tenants and adding to its overall appeal. Its low-maintenance nature and established tenancy further strengthen its investment credentials.
Located in Penrith, the property benefits from a reliable rental market supported by local employment, tourism, and strong transport links. Positioned on the edge of the Lake District National Park, the town attracts a steady flow of residents and visitors alike. Penrith also provides excellent connectivity via the M6 and West Coast Main Line, making it a practical base for commuters.
A wide range of local amenities, including shops, leisure facilities, and schools, are all within easy reach, helping to sustain long-term tenant demand.
With freehold tenure, management in place, and immediate rental income, this is a straightforward, income-producing investment in a resilient regional location.
EPC - C
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- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent
Castlegate Mews, Penrith, Cumbria
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Visit our security centre to find out moreDisclaimer - Property reference 2-castlegate. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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