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Musgrave Street, Penrith

North East

£175,000
Listed on 30/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1077 sqft

Description

This three-bedroom terrace home is situated in the desirable Castletown area of Penrith, positioned on a quiet street that provides both comfort and convenience. While the property requires some updating, it offers significant potential for renovation and investment, making it an ideal opportunity for those looking to create a personalized living space. The layout is thoughtfully designed across three floors, allowing for ample light and airflow. The ground floor features a versatile living room that flows into a separate dining area, catering to both everyday family life and social gatherings. The kitchen, while functional, presents an excellent opportunity for modernization, allowing prospective buyers to design a culinary space that suits their style. A family bathroom on this level adds to the practicality of daily living. On the first floor, two spacious double bedrooms provide comfortable retreat areas with room for personalization. The second floor reveals a third bedroom paired with an adjoining dressing room, offering flexibility in its use—ideal for a master suite, guest room, or even a dedicated office space. Outside, the property includes a low-maintenance front garden and a rear garden that can serve as a private outdoor haven once updated. Additional features include a garage and small driveway that provide off-street parking—an asset in this sought-after location. The home’s location enhances its appeal, being just a short walk from Penrith town center. Residents enjoy easy access to various local amenities including shops, restaurants, and services. This proximity not only enriches daily life but also contributes to the investment potential of the property. In summary, this terrace home presents an excellent opportunity for buyers looking to invest in their future by creating a modern living environment while benefiting from the charm of its existing character in Penrith’s vibrant Castletown neighborhood.

Investment Analysis

(CA11 area)

Below Market Value

This property is priced -33.0% below area average per sq ft

-33.0%
Potential saving
This Property
£162/sq ft
Area Average
£243/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£287,467
10% above area average per sq ft
Potential ROI
+47.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CA11)

Area prices are stable by +1.8% over the last 12 months
3 year growth: -0.4%
5 year growth: 7.8%
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

Musgrave Street, Penrith
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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
£641
Based on a loan of £131,250 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