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4 bedroom detached house for sale

Epworth House, Drovers Lane, Penrith

Sold STC £385,000

Property Description

Key features

  • 4 One Bed Flats
  • Cellar
  • Double Garage
  • Garden

Full description

Tenure: Freehold

A most interesting investment opportunity to acquire a substantial, detached house, sensibly divided to create 4, individual apartments, each with their own services and entrances. Found in the historic New Streets Area of Penrith, the property is in tremendous order with excellent income generation

Offered to the market with NO ONGOING CHAIN, Epworth House is the former manse of the nearby Methodist Chapel.

Built substantially, of local Eden Valley Sandstone, it has had a number of residential uses over the years until being divided whilst in the hands of the Fire Brigade to create fireman’s accommodation, prior to purchase by our clients family.

The property was creatively divided to afford each property its own entrance and each has its own services.

The property has been impeccably maintained and enjoys high occupation rates. Two of the apartments are currently occupied, on assured shorthold tenancies, with the third being in the process of being re-let. The 3 rental units currently achieve £1350 PCM, the 4th property being lived in by our clients.

The property can be sold with vacant possession if required.

Ideal for those looking for an investment opportunity, if all four units are let it would achieve a yield in the region of 6%, alternatively with most appealing owner's accommodation it is an excellent chance to have an interesting home with an additional, personal income.

Directions
From Sandgate in the town centre follow meeting house lane.

The property is adjacent to the mini roundabout on Portland Place and Drovers Lane at the foot of Wordsworth Street.

Services
Mains GWED


More information from this agent

Listing History

Added on Rightmove:
05 May 2017

Map & Street View

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