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1 Inglewood Terrace Nearest schools Beaconside CofE Primary School (0.2mi.) Ofstead good St Catherine's Catholic Primary School (0.3mi.) Ofstead Good Brunswick Primary School (0.3mi.) Ofstead good Queen Elizabeth Grammar school 1.0 mi (Ofsted outstandi
1 Inglewood Terrace
Beaconside CofE Primary School (0.2mi.) Ofstead good
St Catherine's Catholic Primary School (0.3mi.) Ofstead Good
Brunswick Primary School (0.3mi.) Ofstead good
Queen Elizabeth Grammar school 1.0 mi (Ofsted outstanding)
This modern apartment makes up part of the 2nd and 3rd floor of a strikingVictorian property which has been lovingly restored and modernised whilstretaining many of its original features. Located in the popular New Streets area ofPenrith the property includes large light and airy rooms with exposed beams andstunning uninterrupted views across the Lake District National Park andsurrounding fells.
? A quiet situation in the highly sought-after New Streets conservation area ofPenrith
? Within easy walking distance of the town centre and amenities
? Approximately 70m 2 of accommodation over 2 floors
? Elevated situation with outstanding uninterrupted Lakeland views at alllevels
? Excellent road and rail links located just off junction 40 of the M6
The property has flower beds to the front aspect and paved area with traditionalsandstone steps leading to the shared entrance.INSIDEEntrance to the property is through a glass panelled porch which leads to a largeshared entrance hall retaining many original features including wood panelleddoors and a traditional wide Victorian staircase.
Entrance Hall (2.7m x 1.8m)
? Spacious entrance hall with large under stair storage area
Kitchen (2.7m x 1.99m)
? Galley style kitchen with built in electric oven and hob with space for under-counter fridge and plumbed in washing machine/dryer.
Bedroom (5.32m x 4.20m)
? Large L shaped bedroom with views over Blencathra
Bathroom (1.2m x 2.62m)
? Modern bathroom with built in shower, basin and
Dining area (4.70m x 2.50m)
? Open beamed dining area with 2 Velux? windows and views over the lakedistrictLounge (4.70m x 4.20m)
? Stunning open-beamed lounge with 2 large Velux? windows (1.5m high x0.8m wide) giving truly outstanding uninterrupted 180° views over the lakedistrict and the surrounding fells
The property lies on the NE corner of the crossroads between Lowther Street andBeacon Street. The property has its own post code CA11 7SZ which can be used tolocate it precisely using Google Maps or other GPS.ServicesMains electric, water and sewage/drainage are all connected but have not beentested.Stamp Duty (based on current stamp duty holiday until 31st March 2021)
First Time Buyer/Moving home - £0 (0% until 31/3/21)
Second Home/Buy to let - £4,950 (3% until 31/3/21)
Council TaxPenrith Band A - £1,323.32
The vendor has advised that the property is shared freehold with a 999 year leasestarting from the point of sale. Each of the two apartments (1 & 2 InglewoodTerrace) which make up the freehold property will have an equal share of theFreehold which will be held by the Inglewood Terrace management company.
There is an estimated service charge of £270/annum and a percentage contributiontowards the buildings insurance.Rental IncomeFor Short-term Tenancy Agreement (STA) rental purposes it is estimated that theproperty would generate income in excess of £550PCM (based on current marketrates)The property has previously realised holiday rental income in excess of£10,250/annum.
Investment OpportunityThere is currently an exciting investment opportunity where the purchaser canpurchase the apartment below (2 Inglewood Terrace) making the property freeholdwith 2 apartments contained within, for which a discount may be negotiated.
Potential Income from 2 Inglewood
Terrace:Unfurnished STA - £700PCM-
Furnished Holiday Let approx. £10,750*-
- Based on current market figures
* - Based on previous years takings1 bedrooms
Property advert Ref 4842262 - Is a property advert for marketing purposes only, the information has been supplied by the owner, estate agent or property portal and The House Shop makes no warranty as to the accuracy or completeness of the information. Furthermore we have no control over the adverts content. This property advertisement does not constitute property particulars. Please contact the advertiser to obtain any information regarding The Energy Performance Certificate regarding homes in England and Wales or Home Report for residential property in Scotland.