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Castlegate Mews

Penrith, Cumbria

£139,950

  • Two bedroom terrace
  • Current net yield: 6.8%
  • Low-maintenance, straightforward investment
  • Strong rental income: £795pcm
  • Tenure: Freehold

For more information please contact our team:

0161 337 3890

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Castlegate Mews, Penrith, Cumbria

Managed Tenanted  Investment | £139,950 | Freehold | 6.8% Net Yield
Property Overview
This well-presented 2-bedroom freehold terrace property in Cumbria offers an excellent turnkey investment opportunity at an attractive entry price point. Priced at £139,950 and with management already in place, the asset is ideally suited for hands-off investors seeking immediate, hassle-free income.
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.

Key Features

  • Current rent: £795 pcm (£9,540 per annum)
  • Freehold investment
  • Management in place – fully hands-off opportunity
  • 2-bedroom property – strong tenant appeal
  • Tenanted and income-producing from day one
  • Close to Lake District National Park – drives local demand
  • Excellent transport links via M6 and West Coast Main Line
  • Low-maintenance, straightforward investment
  • Suitable for both new and experienced investors

LET PURE INVESTOR TAKE THE STRAIN AWAY …

We offer a comprehensive lettings and property management service, ensuring our landlords benefit from a single point of contact for their entire portfolio. From London to Lancaster, from Cardiff to Colchester, we provide a fully managed service for landlords looking to minimise costs and maximise efficiency.

  • Fully managed lettings and property management service
  • Comprehensive coverage throughout England and Wales
  • One team, one fee across your full portfolio
  • Rental income protection available
  • Transfer your existing properties quickly and easily

If you would like to find out more about our lettings and property management service, or discover how much we could save you each month, please contact our team on Tel: 0161 337 3890

Return on Capital Employed (ROCE) Calculator

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Property Price

Mortgaged

Cash Purchase

Deposit

£0.00

25%

£139,950.00

Sourcing Fees

£3,000.00

£3,000.00

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£795.00

£795.00

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£9,540.00

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