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15 Old London Road, Penrith
£1,350,000 Guide Price
Bedrooms
Bathrooms
A rare to the market opportunity to acquire 3 detached properties including a 4 bedroom detached farmhouse, 3 bedroom bungalow and a 3 bedroom house, all with independent gardens and set with around 3 acres of land, stables and detached double garage, in a village location, just a short distance from Cockermouth and the Lake District National Park!
Nestled amidst the picturesque landscape near the Lake District National Park and the charming town of Cockermouth, this exceptional property presents a rare and compelling opportunity for both commercial and residential endeavours. Spanning approximately three acres of land, this unique offering comprises three distinct dwellings, lived in by the current family for around 50 years: an immaculately presented three-bedroom bungalow, a three-bedroom detached house ripe for complete refurbishment, and a characterful four-bedroom period farmhouse awaiting modernisation. This diverse collection of properties lends itself perfectly to multi-generational families seeking to reside in close proximity while maintaining individual privacy.
This is more than just a collection of homes; its an opportunity to create a legacy. Whether you envision a thriving multi-generational family estate, a bespoke residential development, or a unique commercial venture, this property offers the space, flexibility, and prime location to realise your vision. Dont miss your chance to acquire this rare gem.
Enquire today to schedule a viewing and explore the boundless potential that awaits.
Keldene - The immaculately presented 3 bedroom bungalow with around 1500 sq.ft of accommodation, offers immediate occupancy, requiring no further investment for those seeking a turnkey living solution. The three-bedroom house provides a blank canvas for discerning buyers to create their dream home, tailored precisely to their personal tastes and preferences. It comprises of a light filed lounge, dining kitchen leading to a dining room and into a second reception room, converted from the garage in recent years, family bathroom, master bedroom with ensuite and 2 further double bedrooms.
Ivydene - The four-bedroom period farmhouse, brimming with historic charm, presents an exciting project for those with a passion for restoration and a desire to breathe new life into a classic residence. Beyond the residential potential, the expansive grounds boast stables, private garden and ample parking, opening doors to a variety of commercial or multi-generational living possibilities. Internally with around 2000 sq.ft of accommodation, there are three reception rooms and a dining kitchen on the ground floor and four bedrooms, master with ensuite and a family bathroom on the first floor. The combination of gardens and paddocks provides a tranquil setting and further enhances the appeal of this versatile property.
Joiceydene - Enjoying gardens to the rear and parking to the front, this is 3 bedroom home which is in need of full refurbishment, making this an ideal home for those looking to put their own stamp on their property. With around 950sq ft, internally there is a living/dining room spanning the width of the property, kitchen and WC on the ground floor and three bedrooms and family bathroom on the first floor.
Externally - The site extends to around 3 acres in total and within that, each property sits with ample parking and their own independent garden spaces. There is a detached double garage, stable block and three paddocks, ideal for those looking for a equestrian/small holding home or simply a home, with the benefit of your own land.
Location - Located close to the popular market town of Cockermouth and on the edge of the Lake District National Park, this is an ideal location for those looking to be close to amenities, whilst enjoying the peaceful retreat of village life. Conveniently located just a short distance from the A66, offering excellent transport links in all directions and is close to schools, shops and the Solway Coast AONB is just a short drive away.
Services, Epc And Council Tax - Keldene - Mains Gas, Electricity and Drainage, Mains Water (metered supply) Full Electrical Safety Check has been carried out in 2025 and passed to current regulations
EPC Awaiting EPC
Council Tax - D
Joiceydene - Mains Gas, Electricity and Drainage, Mains Water (metered supply)
EPC Awaiting EPC
Council Tax - D
Ivydene - Gas from Combi Boiler - serviced in 2024, Mains Gas and Electricity, Mains Drainage, Mains Water
Electrical Safety Check has been carried out in 2025 and passed to current regulations
EPC Awaiting EPC
Council Tax To be confirmed
Disclaimer - These particulars, whilst believed to be accurate are set out as a general guideline and do not constitute any part of an offer or contract. Intending Purchasers should not rely on them as statements of representation of fact but must satisfy themselves by inspection or otherwise as to their accuracy. The services, systems, and appliances shown may not have been tested and has no guarantee as to their operability or efficiency can be given. All floor plans are created as a guide to the lay out of the property and should not be considered as a true depiction of any property and constitutes no part of a legal contract.
Your property may be repossessed if you do not keep up repayments on your mortgage.
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Monthly Payment: £ 8,216.87
Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.
Your home may be repossessed if you do not keep up repayments on your mortgage.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
Final Equity Profit = Final Property Value - Mortgage Required - Investment
Cumulative Rental Profit = Annual rental profit x Time of Investment
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
15 Old London Road, Penrith
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