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Burrowgate, Penrith

North East

£85,000

Listed on 15/07/2026

Property details

Bedrooms
N/A
Type
House

Description

This charming Grade II listed cottage in the heart of Penrith, originally constructed in the 17th century, offers a wealth of character and traditional features. Currently utilized as a cafe or retail space, it includes a ground floor dining area/shop and kitchen, with an additional first-floor dining area, store room, WC, and a versatile attic room. With approximately 726 sq ft plus attic space, this property presents significant potential for renovation. Investors may consider converting the premises to residential use pending the necessary planning permissions, making it an attractive option for those looking to capitalize on changing market dynamics. The town boasts excellent transport links and a vibrant community atmosphere, further enhancing its appeal as an investment opportunity.

Investment analysis

(CA11 area)
Area Average
£255/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
24
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (CA11)

Area prices are falling by -7.6% over the last 12 months
3 year growth: -6.5%
5 year growth: -0.3%
Investment Disclaimer: Analysis based on CA11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Burrowgate, Penrith
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£321
Based on a loan of £63,750 over 30 years at 4.45% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

Stamp duty calculator

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