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For sale
£60,000

Flat 3, 9 King Street, Penrith, CA11 7AJ

1bedroom
1bathroom
Apartmenttype
Leaseholdtenure

Listed 24 Aug 2026 · Penrith

How the price compares

This home£60,000
Median 1 bed in CA11£153k13 homes listed · £258 per sq ft
Difference-61%below the area median

Key features

  • First floor studio flat
  • Located in the town centre
  • Ideal first time purchase
  • Viable investment opportunity
  • No Chain
  • Long Lease
  • Share of freehold
  • Some updating required
  • Zone A residents permit parking
  • Ultrafast broadband available

About this home

This affordable studio apartment is ideally positioned in the heart of Penrith and is sure to appeal to a wide range of buyers, whether you're looking to take your first step onto the property ladder, seeking a convenient "lock up and leave" or considering an attractive investment opportunity.

With an abundance of amenities right on the doorstep, the location is hard to beat. Independent shops, cafés, supermarkets, bus routes and Penrith train station are all just minutes away, making this a particularly convenient place to call home.

Located just off King Street, the property is accessed via a communal entrance, with the apartment situated on the first floor. Internally, the accommodation has been thoughtfully arranged to make the most of the available space and provides a cosy living/sleeping area, a well-equipped kitchenette and a separate shower room.

Although compact, the current owner has maximised the space to create a comfortable and welcoming home that has proved to be an ideal starter property. The apartment is offered with a long lease, share of freehold, Zone A residents' parking and no onward chain, making this an appealing opportunity for both first-time buyers and investors.

Accommodation with approx. dimensions

Ground Floor

Communal Stairs to First Floor

Bedroom/ Living Area 10' 4" x 12' 6" (3.15m x 3.81m)

Property Information

Tenure Leasehold We have been advised the Freehold is 1/6 owned by each of the flat owners The term is 999 years from 1st January 2004

Ground Rent

We have been advised there is no ground rent payable

Service Charge We have been advised the Service Charge is £708 p/a

Council Tax Band A Westmorland & Furness Council

Services & Utilities Mains electricity, mains water and mains drainage. Electric heating

Property Listing We have been advised the building is Grade II Listed

Energy Performance Certificate The full Energy Performance Certificate is available on our website and also at any of our offices.

Directions From our office on Corn Market walk towards the Clock Tower and across the road onto King Street. The property is located through the passageway between Adlib and Cranstons and can be found on the left hand side

What3words Location ///ulterior.hint.riddle

Viewings By appointment with Hackney and Leigh's Penrith office

Anti-Money laundering Please note that when an offer is accepted on a property, we must follow government legislation and carry out identification checks on all buyers under the Anti-Money Laundering Regulations (AML). We use a specialist third-party company to carry out these checks at a charge of £60.00 (inc. VAT) per individual or £50.00 (incl. VAT) per individual, if more than one person is involved in the purchase (provided all individuals pay in one transaction). The charge is non-refundable, and you will be unable to proceed with the purchase of the property until these checks have been completed. In the event the property is being purchased in the name of a company, the charge will be £150 (incl. VAT)

All permits to view and particulars are issued on the understanding that negotiations are conducted through the agency of Messrs. Hackney & Leigh Ltd. Properties for sale by private treaty are offered subject to contract. No responsibility can be accepted for any loss or expense incurred in viewing or in the event of a property being sold, let, or withdrawn. Please contact us to confirm availability prior to travel. These particulars have been prepared for the guidance of intending buyers. No guarantee of their accuracy is given, nor do they form part of a contract. *Broadband speeds estimated and checked by on [24/08/2026]

Property details

Property type
Apartment
Council tax band
A
Tenure
Leasehold
Lease remaining
977 years left
Ground rent
£0 per year
Service charge
£708 per year
Parking
Permit
Heating
Electric
Broadband
FTTC (fibre to the cabinet)
Electricity
Mains supply
Water
Mains supply

Floorplan

Floorplan 1

Location

Skip map

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.

AddressTypeSoldPrice
20 King Street
Penrith CA11 7AJ
Other
Freehold
20 Nov 2025£245,000
17 - 18, King Street
Penrith CA11 7AJ
Other
Freehold
21 Jan 2025£250,000

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£300£6,000 deposit · £54,000 loan
Stamp Duty£0England 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 Hackney & Leigh, Penrith on Rightmove (original listing). First listed 24 Aug 2026; details checked 7 Nov 2026. Latest change: added on 24/08/2026.

Agent disclaimer

Disclaimer - Property reference 100251038375. 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 Hackney & Leigh, Penrith. 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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