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Eden Grove, Cumbria From £181,500 Est. 10-14% net yields

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INVESTMENT OVERVIEW

Residential Investment:

Maximise your rental with short-term holiday lets

FHL Tax Advantages

Eden Grove is a true Cumbrian retreat, set in stunning grounds, this almost complete development offers apartments, bungalows and cottages ranging from one to four bedrooms.

Eden Grove is an historic renovation of the former residential school of the same name.  It 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.

When operated as a Furnished Holiday Let net yields are estimated to be between 10% – 14% and this is based around a 75% occupancy rate for the year.

Market Overview

Cumbria

Tourist Visits

47.86 million in 2019

Tourist Activity 2019

Was estimated to be £3.13bn

£544 million Spent

by visitors on local accommodation

The location allows investors to take advantage of the UK’s booming staycation market.  There were an estimated 47.86m tourism visits to Cumbria in 2019, 1.8% higher than in 2018. Since 2014 the county has seen the total number of visits rise by 15.2%

This private secure gated development is in  Appleby-in-Westmorland.  It’s 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 – is in a great position to explore Carlisle, Lancaster, the Yorkshire Dales and the Lake District, as only 8 miles away from Lake Windermere.

Project

Stunning renovation of apartments, bungalows and cottages for holiday rentals and own use


Types
Apartments & cottages
Bedrooms
1 - 4
Price
From £181,500
Completion
Q1 2021
Phase
2
Parking
Yes
Facilities
Landscaped communal courtyard

Investment

Completed holiday properties with estimated +10% NET annual yield


Rental #1
Short-term lets
Return Est. #1
10%-14% Net P.A.
Owner Usage
Optional
Mortgage
Yes
Tenure
999 years leasehold
Reservation Fee
£2,000
Ground Rent
N/A

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