According to the public record, Flat 3, Wreay Mansion, Penrith is a period leasehold apartment and with 484 ft2 of internal area.
Apartments of this size in this area normally have 2 bedrooms with a garden.
The apartment is in Wreay Mansion, Watermillock, Penrith, CA11.
Watermillock, Penrith, CA11 is located in the borough of Eden within the CA11 postal district.
Flat 3, Wreay Mansion, Penrith has 21 entries in the Land Registry database, most recently in July 2020 and no records in the EPC database.
We combine this information with that of neighbouring properties to estimate the property attributes and values.
Based on public information available, and assuming the property is in reasonable condition, we estimate the current sale value for Flat 3 Wreay Mansion Penrith as £278,597 and the rental value as £1,225 per month giving an expected gross yield of 5.3%.
Over the last 12 months the sale value of Flat 3 Wreay Mansion Penrith has increased by £8,407 (3.0%) and its rental value has increased by £90 per month (7.3%).
Decorative condition can have a big effect on a property's value and this effect varies depending on the type, size and location of the property.
If Flat 3, Wreay Mansion, Penrith is in very good condition we estimate a sale value of £292,527 and rental value of £1,286 per month.
However, if the property needs a lot of cosmetic work we estimate a sale value of £259,095 and a rental value of £1,139 per month.
If you were able to purchase this property for the estimated value of £278,597, and assuming a 25 year repayment term, a 15% deposit and a fixed rate of 4.89%, your monthly repayments would be £1,369 per month.
This figure is only an estimate but we've partnered with Mortgage Advice Bureau who can provide a figure tailored for you! Get started using their mortgage finder below.
According to HM Land Registry, Flat 3, Wreay Mansion, Penrith was last sold on 21 Jul 2020 for £275,000 and was recorded as a leasehold flat.
The property has had 2 sales since 1995.
Since Jul 2020, the market for similar properties has risen 21.9%
According to the Land Registry and our network of Estate Agents, there have been 1 sale of a property similar to Flat 3, Wreay Mansion, Penrith within a radius of 0m over the last 2 years.
The most recent example is Flat 1A, Wreay Mansion, Penrith, CA11 0LT, a Leasehold flat which sold for £200,000 in Jul 2019.
Read more about house prices in CA11.
Watermillock, Penrith, CA11 has a total of 144 addresses. According to our analysis of all the public data, Flat 3, Wreay Mansion, Penrith is the 141st largest and the 137th most expensive property on the street.
When compared to the postcode district it is £27k less expensive than the average property in CA11.
Flat 3, Wreay Mansion, Penrith has an Energy Performance Rating (EPC) of D. This is based on the most recent assessment, dated 18 Mar 2024.
The property is not connected to mains gas and has partial double glazing. It is heated using an oil fired boiler and radiators.
The closest station to Flat 3, Wreay Mansion, Penrith is Penrith (North Lakes) station which is 9.2 km away.
According to data from the Environment Agency, the flood risk in this area is considered to be very low.
The recent census recorded whether a resident owned or rented their home.
In the area around Flat 3, Wreay Mansion, Penrith, 53.7% of property is privately owned outright and 32.8% is privately rented.
The graph below shows how this compares to Greater London and the rest of England & Wales.
The recent census recorded the highest level of education achieved by residents in the local area.
In the area around Flat 3, Wreay Mansion, Penrith, 8.0% of residents are recorded as possessing school level qualifications and 42.8% as possessing degree level qualifications.
The graph below shows how this compares to Greater London and the rest of England & Wales
The most recent census in 2021 recorded the age of all UK residents.
In the area around Flat 3, Wreay Mansion, Penrith, the average age was 48.6 and the most common age was 57.
The graph below shows how this compares to North West and the rest of England & Wales
The recent census recorded whether a property was a primary or secondary home for the resident.
In the area around Flat 3, Wreay Mansion, Penrith, 0.0% of property was a second home.
Comparison figures for North West and the rest of England & Wales are listed below.
The recent census recorded the number of cars registered in each household.
In the area around Flat 3, Wreay Mansion, Penrith, there are an average of 1.8 cars per household.
See below for how this compares to North West and the rest of England & Wales.