INVESTMENT PROPERTY SPECIALISTS WORLDWIDE
Eden Grove, Appleby-In-Westmorland
Situated in this idilic location is this wonderful mansion house conversion that comprises of a selection of beautifully finished luxury apartments. The main house is set in several acres of woodland, landscaped gardens and all via a private gated entrance. Each apartment has been lovingly created and includes high ceilings, huge picture windows, period features and a sense of grandeur that only a building of this period provides. The site has a selection of 1-4 bedroom properties and includes a selection of bungalows and apartments that will be released in phase two.
Appleby-in-Westmorland is a market town in Cumbria on the River Eden, it's history dating back to the Norman conquest and lies in a loop of the river Eden and is overlooked by the Pennine range with the Lake District Fells showing to the West. Appleby is also only 2 miles from the Western Dales extension in the Yorkshire Dales National park so is an ideal base for a touring holiday. The town is the starting point for many dozens of walks over the surrounding fell countryside and along the river Eden.
Eden Grove is a true Cumbrian retreat, located in a fantastic position, only 15 minutes from J40 of the M6. Carlisle is easily accessible, as is Lancaster and the rest of the Lake District and Yorkshire Dales. This private secure gated development has acres of woodland, gardens, and open picturesque countryside all around and a great position to explore what the Lake District has to offer, only being 8 miles away from Lake Windermere.
The main building was a former school, this stunning mansion has been sympathetically and tastefully refurbished and restored to provide luxury elegant apartments, each finished to the highest of standards, also keeping many of the period features you would expect from such a building but also serving the modern era. The whole development has a range of different properties from 1 bedroom apartments up to 4 bedroom properties, and includes some bungalows providing investors different types to suit differing needs, requirements and options and is perfect for groups.
Phase 1 of the build comprises 26 properties with prices starting from £181,500. All properties benefit from parking and the flexible lease allows for short term lets. The apartments are complete and it is just the remaining ground works to be finished in January.
Estimated NET yields are estimated to be between 10% - 14% for the more investment related properties and this is based around a 75% occupancy rate for the year. As a comparable Eden Grove is only 8 miles away from the Withnell Center Parcs where a 7 night stay in July is upwards of £3000 for a 4 bed property, and a 3 night weekend stay is over £1000.
These are not just “investment only” properties, you can purchase as a holiday home and rent out just when you want to cover your costs, it is your choice. Whichever option you choose, we will be there to help.
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KEY INVESTMENT HIGHLIGHTS
First phase of 8 luxury apartments
Prices from £181,500 to £300,000
Gated and private development
A wealth of period features
Net Returns Expected from 10% Upwards
Selection of 1-3 bedroom properties
High standard of finish
Viewings strictly by appointment only
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Appleby-in-Westmorland is a market town in Cumbria on the River Eden, it's history dating back to the Norman conquest and lies in a loop of the river Eden and is overlooked by the Pennine range with the Lake District Fells showing to the West. Appleby is also only 2 miles from the Western Dales extension in the Yorkshire Dales National park so is an ideal base for a touring holiday.
The town is the starting point for many dozens of walks over the surrounding fell countryside and along the river Eden.
It has kept its old world charm and the people of Appleby are amongst the friendliest you can find. With Castle and Keep at the brow of the main street and the town at its foot, it seems as if time has stood still. A walk up Borough gate can transport you back into Medieval England, while the charm of the riverside walk provides an opportunity to experience the tranquillity of the countryside within five minutes of the town centre.
In 2020 Appleby In Westmorland was recognised as an Honorary Quidditch Town as the home of Appleby Arrows , in celebration of the new Illustrated Edition of JK Rowlings Quidditch throughout the ages , an essential companion to the Harry Potter series and guide on the wizards favourite sport. Harry Potter fans will find the banner presented to the town outside the Tourist Information Centre.
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