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11 Albert Street, Penrith, Cumbria

North East

£165,000
Listed on 27/04/2026

Property Details

Bedrooms
3
Type
Terraced

Description

Nestled on the outskirts of the town center, this Grade II listed three-bedroom mid-terrace residence presents a unique opportunity for investment or personal renovation. The property boasts spacious and adaptable living areas, making it suitable for first-time buyers or buy-to-let investors looking to add value through modernization. With no onward chain, this home features a well-maintained neutral palette, offering an ideal backdrop for customization to suit individual tastes. Comprising two levels, the ground floor includes a generous sitting/dining room alongside a rear kitchen. The first floor houses three comfortably sized bedrooms and a family bathroom. A noteworthy feature is the partially utilized second floor, which holds significant potential to be converted into additional living space or bedrooms pending necessary planning approvals; previous permission was granted under reference number 06/0891. Externally, the property offers a manageable rear yard accessed via a shared passageway. Given its desirable location and flexibility in layout, early viewing is recommended to grasp the full scope of renovation possibilities that could enhance both living space and investment value.

Investment Analysis

(CA11 area)
Area Average
£249/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (CA11)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -9.2%
5 year growth: +2.2%
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

11 Albert Street, Penrith, Cumbria
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£584
Based on a loan of £123,750 over 30 years at 3.91% 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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