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15 Old London Road, Penrith
£1,295,000 Guide Price
Bedrooms
Bathrooms
Knotts Mill Country Lodge is an exceptional seven-bedroom, seven-bathroom property, perfectly positioned in the highly desirable Watermillock area. This property offers a rare combination of modern comfort and natural beauty, making it an ideal choice for a hospitality business or a serene countryside retreat (subject to planning).
The main house is designed with three spacious letting bedrooms, all with en-suite bathrooms, providing guests with privacy and luxury. These rooms are thoughtfully decorated to create a warm and inviting atmosphere, ensuring a comfortable stay for all visitors.
The owners residence comprises a modern two/three-bedroom flat with a large, stylish kitchen and a well appointed lounge, offering ample room for relaxation and entertainment. Large windows allow natural light to flood the space creating an airy and tranquil environment. This part of the residence is perfect for owners who wish to enjoy a quiet retreat while remaining close to the propertys main facilities.
Additionally, the property boasts a contemporary attached two-bedroom holiday let. This accommodation, with its spacious lounge - diner with vaulted ceiling is ideal for extended stays or additional guests, with contemporary amenities and furnishings that ensure a wonderful stay. The south facing patio has views to the beautiful High Street range of mountains on the far side of Ullswater.
Externally, there is a five-bay oak frame garage providing extensive parking and storage options. There is additional ample parking, ensuring convenience for guests and owners.
The estate spans approximately 1.5 acres with mature gardens and woodland that offer a peaceful and picturesque setting.
Knotts Mill Country Lodge is suitable for various uses, including as a holiday let, bed and breakfast, or a full residential dwelling (subject to planning). The property combines modern comforts with natural beauty, making it an ideal base for exploring the region and enjoying a peaceful countryside retreat. With its spacious accommodation, ample amenities, and prime location, Knotts Mill Country Lodge presents a unique opportunity to own a piece of the Lake Districts charm and tranquility.
Location - The propertys location in Watermillock offers more than just beautiful scenery. Ullswater, located a short distance from the property, features a yacht club and several marinas, as well as the renowned Ullswater Steamers for scenic lake cruises. Guests can enjoy a wealth of outdoor activities, from hiking iconic Lakeland fells to leisurely walks by the lake.
The lake road provides scenic connections to village shops and schools, making daily errands convenient while living in a tranquil environment. The market town of Penrith and the M6 motorway are easily accessible, offering excellent national road and rail links.
Services - Mains Water, Electricity
Septic tank
LPG Gas central Heating
Epc & Council Band - EPC - D
Council Tax - C - Business Rated
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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