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Warren Guest House, 368 Warwick Road

North East

£350,000
Listed on 10/10/2025

Property Details

Bedrooms
8
Type
Terraced house
Area
2887 sqft

Description

This long-established guest house features eight bedrooms and is located in a prime position along the A69, conveniently situated between Carlisle city centre and the M6 motorway. The property has been under the same ownership for 25 years and is now on the market due to retirement. While it does require modernisation, this presents a unique opportunity for a savvy investor or someone looking to renovate and enhance its appeal. The layout includes a hall with stairs leading to various common areas, such as a guest dining room and a sitting room that could also serve as an owner's bedroom. A small conservatory adds charm, while the galley kitchen and sizeable utility room offer functionality. The eight bedrooms are varied in size, with multiple ensuite options available, allowing for flexibility in accommodating guests. On-site parking is available, which is a significant advantage in this busy location. The property's proximity to scenic attractions like the Lake District, Solway Coast AONB, and Hadrian's Wall enhances its potential as a profitable guest house or alternative investment. With easy access to Carlisle's vibrant café culture, historic landmarks including the castle and cathedral, and excellent transport links—including direct trains to major cities—this property stands out not just for its features but also for its location benefits. The growing demand for accommodation in this area makes it an attractive proposition for anyone willing to invest in renovations aimed at improving occupancy rates and overall return on investment. Given all of these factors, this property represents an exciting chance to revitalize an established business or convert it into another form of hospitality or residential space suited to current market demands.

Investment Analysis

(CA1 area)

Below Market Value

This property is priced -19.3% below area average per sq ft

-19.3%
Potential saving
This Property
£121/sq ft
Area Average
£150/sq ft
Avg Rent (weekly)
£169
Avg Yield
5.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£477,149
10% above area average per sq ft
Potential ROI
-4.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (CA1)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 1.2%
5 year growth: 9.6%
Investment Disclaimer: Analysis based on CA1 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

Warren Guest House, 368 Warwick Road
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% 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.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE