Reduced
23 photos · Floorplan£285,000Offers over
5 bed2 bathBlock of Apartments1,959 sq ft
2 Castlegate, Penrith, CA11
Listed 20 Sept 2026
For sale
£250,000Offers in region of
49-50, Burrowgate, Penrith, Westmorland And Furness, CA11 7TA
6bedrooms
2bathrooms
Town Housetype
4,835sq ft
Freeholdtenure
Listed 4 Sept 2026 · Penrith
How the price compares
This home£250,000£52 per sq ft
Median 6 bed in Penrith£975k2 homes listed · £139 per sq ft
Difference-74%below the area median
Key features
- Commercial with residential potential for part or full redevelopment, STP
- Surrounded by well known George Hotel in popular location with multiple independent traders, pubs/bars
- Potential to split into multiple uses and/or separate units for letting or for sale STP
- Significant income potential when fully let or redeveloped
- Total Area of 49, 50 & 51 Burrowgate is 450m2 (4,835 ft2)
- Would suit an owner occupier, small developer
About this home
The subject property comprises a part single, two and three storey terrace building with prominent ground and first floor sales areas plus a wealth of development potential.
The property is long established in the heart of the town centre having traded for many years as a home lifestyle concept and furniture shop. Effectively split into two, the property comprises a main retail showroom section with prominent floor to ceiling windows (Nos. 49 & 50 Burrowgate). The adjoining No. 51 Burrowgate is interlinked and has a residential style frontage and interior requiring refurbishment.
Located in the heart of Penrith within the town centre there is public on street parking to the front. The surrounding area is a mix of strong local independent and national retailers along with pub, café and restaurant premises in what is a vibrant mix.
Property details
- Property type
- Town House
- Size
- 4,835 sq ft / 449 sq m
- Council tax band
- TBC
- Tenure
- Freehold
- Parking
- Permit
- Electricity
- Mains supply
- Water
- Mains supply
- Accessibility
- Ground floor
Floorplan
Location
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1 on this map
- Penrith Station0.3 mi
- Langwathby Station4.1 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.
| Address | Type | Sold | Price |
|---|---|---|---|
| 42 Burrowgate Penrith CA11 7TA | Flat Freehold | 2 Feb 2026 | £57,000 |
| 2 Weights Yard Penrith CA11 7TA | Semi-detached Freehold | 12 Feb 2025 | £100,000 |
| 45a, Burrowgate Penrith CA11 7TA | Terraced Freehold | 31 Jan 2024 | £80,000 |
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£1,251£25,000 deposit · £225,000 loan
Stamp Duty£2,500England 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 Walton Goodland, Carlisle on Rightmove (original listing). First listed 4 Sept 2026; details checked 7 Nov 2026. Latest change: added on 04/09/2026.
Agent disclaimer
Disclaimer - Property reference 39788404. 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 Walton Goodland, Carlisle. 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.