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2 Castlegate, Penrith, CA11
For saleReduced 22 Oct 2026
£285,000Offers over

2 Castlegate, Penrith, CA11 7HZ

5bedrooms
2bathrooms
Block of Apartmentstype
1,959sq ft
Leaseholdtenure

Listed 20 Sept 2026 · price reduced 22 Oct 2026 · Penrith

How the price compares

This home£285,000£145 per sq ft
Median 5 bed in CA11£510k6 homes listed · £305 per sq ft
Difference-44%below the area median

Key features

  • Portfolio of 3 Residential Flats
  • Buy-to-Let Opportunity
  • Tenants Currently Situated
  • Likely to Attract Inquiries from Serious Investors & Developers
  • INVESTMENT POTENTIAL DETAILED BELOW (Let Property Pack)

About this home

This property portfolio is located in Penrith with tenants currently situated. They are currently generating steady, rewarding rental returns for the current landlord.

For investors looking for a rewarding investment, this is a brilliant opportunity!

The portfolio comprises of:

2 x Two Bedroom Flats 1 x One Bedroom Flat

Investment details

The portfolio currently produces an annual gross income of £21,240 with tenants currently situated.

Considering the purchase price and the potential rental income that could be earned in future years, this will make for a worthwhile addition to an investors property portfolio.

For greater detail on this property's investment potential, please see the Let Property Pack linked below.

If you are interested, please call us.

We are committed to facilitating a smooth transaction process between buyer and seller. To allow for maximum commitment to the sale from both parties, a Buyers Premium will apply in order to secure a property.

Property details

Property type
Block of Apartments
Size
1,959 sq ft / 182 sq m
Council tax band
A
Tenure
Leasehold
Parking
Yes

Floorplan

Floor Plan

Location

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1 on this map

  • Penrith Station0.2 mi
  • Langwathby Station4.2 mi

What nearby homes sold for

Median sold prices in CA11 over the last 12 months: semi-detached £245k · detached £377k · terraced £180k · flat £137k.

AddressTypeSoldPrice
40 Castlegate
Penrith CA11 7JD		Semi-detached
Freehold		10 Aug 2026£122,500
Flat 1a, Auction Mart House, Castlegate
Penrith CA11 7JD		Flat
Leasehold		26 May 2026£70,000
3c, Castlegate
Penrith CA11 7HZ		Flat
Leasehold		8 May 2026£170,000
37 Castlegate
Penrith CA11 7JD		Terraced
Freehold		18 Mar 2026£125,000
42 Castlegate
Penrith CA11 7JD		Terraced
Freehold		29 Aug 2025£110,000
26a, Castlegate
Penrith CA11 7JB		Detached
Freehold		20 Dec 2024£148,000
Agricultural Hotel, Castlegate
Penrith CA11 7JE		Other
Freehold		14 Oct 2024£336,005
43 Castlegate
Penrith CA11 7JD		Terraced
Freehold		26 Jul 2024£137,000

Contains HM Land Registry data © Crown copyright and database right 2026. Licensed under the Open Government Licence v3.0. All sales in CA11

Buying costs

Monthly repayment£1,426£28,500 deposit · £256,500 loan
Stamp Duty£4,250England rates

Estimates only, using rates in force from April 2025. Check GOV.UK, Revenue Scotland or the Welsh Revenue Authority and speak to a mortgage adviser before you offer.

Listed by Let Property Sales & Management, Glasgow on Rightmove (original listing). First listed 20 Sept 2026; details checked 7 Nov 2026. Latest change: reduced on 22/10/2026.

Agent disclaimer

Disclaimer - Property reference 228792333. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Let Property Sales & Management, Glasgow. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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