# 1 bedroom apartment for sale (LA23 2JW) ## Property Details | Key | Value | |-----|-------| | Address | 2, THE STABLES, BANK ROAD, WINDERMERE, WESTMORLAND AND FURNESS LA23 2JW | | Price | £165,000 | | Bedrooms | 1 | | Bathrooms | 1 | | Last sold | £161,813 Apr 2023 | ## Description **Description:** **** A neatly presented ground floor studio apartment located in a traditional stone and slated building which was converted into 5 units many years ago. The property has been used for holiday letting and all furnishings can be made available by separate negotiation. The property comprises of Living/Bedroom Area, kitchen area with a range of fitted wall and base units, Belling electric cooker, inset stainless steel sink unit and logic fridge. Modern shower room with 3 piece White suite of WC, pedestal washbasin, shower and heated towel rail.   **Location:** **** Just off the main Lake Road in Bowness away from the busy thoroughfare yet close to all the local amenities including banks, post office, shops etc. Proceed down Lake Road bearing right just past Biskey Howe Road into Bank Road. Proceed along the gravel road and The Stables is on the left (behind the Lonsdale Hotel).  **Accommodation:** **(with** **approximate** **measurements)** ****   **Living/Bedroom** **Area/Kitchen** **Area** **20' 8 max" x 13' 10 max" (6.3m x 4.22m)**   **Shower** **Room** ****   **Services:** **** Mains water, drainage and electric connected.  **Business** **Rates:** **** South Lakeland District Council. Rateable value of £2,900, with the amount payable of £1,421 for 2022/23. Small business rates may be available.   **Tenure:** **** Leasehold for the remaining 999 years. We understand that all 5 flat owners are joint owners in the management company. A maintenance charge is currently levied at £585 per year which includes buildings insurance.   **Viewing:** **** Strictly by appointment with Hackney & Leigh Windermere Sales Office.  **Energy** **Performance** **Certificate:** **** The full Energy Performance Certificate is available on our website and also at any of our offices.  **What3Words:** **** **Notes:** **** *Checked on 20th December 2022 - not verified.   ## Property Photos - ![Front Elevation](/listings/photos/130199732/601728) - Front Elevation - ![Living/Bedroom Ar...](/listings/photos/130199732/601729) - Living/Bedroom Ar... - ![Kitchen Area](/listings/photos/130199732/601730) - Kitchen Area - ![Kitchen Area](/listings/photos/130199732/601731) - Kitchen Area - ![Living/Bedroom Ar...](/listings/photos/130199732/601732) - Living/Bedroom Ar... - ![Living/Bedroom Ar...](/listings/photos/130199732/601733) - Living/Bedroom Ar... - ![Kitchen Area](/listings/photos/130199732/601734) - Kitchen Area - ![Front Elevation](/listings/photos/130199732/601735) - Front Elevation - ![Kitchen Area](/listings/photos/130199732/601736) - Kitchen Area - ![Living/Bedroom Ar...](/listings/photos/130199732/601737) - Living/Bedroom Ar... - ![Shower Room](/listings/photos/130199732/601738) - Shower Room - ![View](/listings/photos/130199732/601739) - View - ![Front Elevation](/listings/photos/130199732/601740) - Front Elevation - ![Living/Bedroom Ar...](/listings/photos/130199732/601741) - Living/Bedroom Ar... - ![Kitchen Area](/listings/photos/130199732/601742) - Kitchen Area - ![Communal Entrance](/listings/photos/130199732/601743) - Communal Entrance - ![Kitchen Area](/listings/photos/130199732/601744) - Kitchen Area - ![Shower Room](/listings/photos/130199732/601745) - Shower Room - ![View](/listings/photos/130199732/601773) - View - ![Photo](/listings/photos/130199732/601778) - ![Photo](/listings/photos/130199732/601779) - ![Photo](/listings/photos/130199732/601780) - ![Photo](/listings/photos/130199732/601781) - ![Photo](/listings/photos/130199732/601782) - ![Photo](/listings/photos/130199732/601783) - ![View](/listings/photos/130199732/601793) - View ## Floorplans - ![Floorplan 1](/listings/photos/130199732/601806) - Floorplan 1 ## EPC Graphs - ![EPC Front Page](/listings/photos/130199732/601824) - EPC Front Page ## FENSA Certificates This property has 1 FENSA certificate(s) on record. ### FENSA Certificate #10148978 - **Address:** 2 The Stables, Bank Road, LA23 2JW - **Certificate Issued:** 20/03/2014 - **Work Completed:** 26/02/2014 - **Items:** 3 window(s) ## Sales History *Recorded sales for this property. Data from Land Registry Price Paid.* | Address | Price | Date | Type | |---------|-------|------|------| | THE STABLES 2 BANK ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2JW | £161,813 | 06/04/2023 | Flat | ## Sold Comparables *Same street and nearby sales within 0.25 miles. Data from Land Registry Price Paid. Last 5 years.* | Address | Price | Date | Type | |---------|-------|------|------| | MYLNBECK COURT 6 LAKE ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2JE | £233,000 | 12/12/2025 | Flat | | BERESFORD COURT FLAT 7 LAKE ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2JL | £215,000 | 28/03/2025 | Flat | | 123A CRAIG WALK, BOWNESS ON WINDERMERE, WINDERMERE, WESTMORLAND AND FURNESS, LA23 3AX | £270,000 | 06/12/2023 | Flat | | 48A QUARRY RIGG, BOWNESS ON WINDERMERE, WINDERMERE, WESTMORLAND AND FURNESS, LA23 3DT | £250,000 | 30/11/2023 | Flat | | BERESFORD COURT FLAT 7 LAKE ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2JL | £170,000 | 06/03/2023 | Flat | | MERE WYKE COURT 1 NORTH TERRACE, BOWNESS ON WINDERMERE, WINDERMERE, WESTMORLAND AND FURNESS, LA23 3AU | £139,950 | 09/11/2022 | Flat | | MEREWYKE COURT THE BASEMENT FLAT NORTH TERRACE, BOWNESS ON WINDERMERE, WINDERMERE, WESTMORLAND AND FURNESS, LA23 3AU | £139,950 | 09/11/2022 | Flat | | 2 THE FLAT GROSVENOR TERRACE, BOWNESS ON WINDERMERE, WINDERMERE, WESTMORLAND AND FURNESS, LA23 3BS | £290,000 | 28/10/2022 | Flat | | 4 ELIM MEWS, WINDERMERE, SOUTH LAKELAND, CUMBRIA, LA23 2JY | £285,000 | 26/10/2022 | Flat | | 16 QUARRY RIGG, BOWNESS ON WINDERMERE, WINDERMERE, SOUTH LAKELAND, CUMBRIA, LA23 3DT | £240,000 | 21/10/2022 | Flat | | 5A QUARRY RIGG, BOWNESS ON WINDERMERE, WINDERMERE, SOUTH LAKELAND, CUMBRIA, LA23 3DT | £205,000 | 18/10/2022 | Flat | | BISKEY HOWE FLAT 6 BISKEY HOWE ROAD, WINDERMERE, SOUTH LAKELAND, CUMBRIA, LA23 2JP | £210,000 | 30/09/2022 | Flat | | ENIGMA HOUSE APARTMENTS 2 LAKE ROAD, BOWNESS ON WINDERMERE, WINDERMERE, SOUTH LAKELAND, CUMBRIA, LA23 3AP | £325,000 | 16/09/2022 | Flat | | PATTINSON HOUSE FLAT 6 BERESFORD ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2FJ | £272,200 | 04/07/2022 | Flat | | PATTINSON HOUSE FLAT 3 BERESFORD ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2FJ | £272,200 | 12/05/2022 | Flat | | PATTINSON HOUSE FLAT 4 BERESFORD ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2FJ | £272,200 | 28/04/2022 | Flat | | PATTINSON HOUSE FLAT 2 BERESFORD ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2FJ | £282,200 | 28/04/2022 | Flat | | PATTINSON HOUSE FLAT 5 BERESFORD ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2FJ | £272,200 | 12/04/2022 | Flat | | PATTINSON HOUSE FLAT 1 BERESFORD ROAD, WINDERMERE, WESTMORLAND AND FURNESS, LA23 2FJ | £282,200 | 05/04/2022 | Flat | | 2A CHESTNUT TREE HOUSE MISS POTTERS LOFT LAKE ROAD, BOWNESS ON WINDERMERE, WINDERMERE, SOUTH LAKELAND, CUMBRIA, LA23 3BT | £265,000 | 24/03/2022 | Flat | **Area average:** £244,555 (20 sales) ## Price vs local average *Outcode + property type (HousePrices, last 2 years).* - **Local average:** £165,841 (11 Flat, LA23, 2024–2026) - **Deviation:** -0.5% ## Rental Range *ONS Price Index of Private Rents (North West). Low / Realistic / Optimistic = conservative / average / best case.* - **Low:** £856/mo - **Realistic:** £951/mo - **Optimistic:** £1,046/mo ## LHA (Local Housing Allowance) *VOA 30th percentile rent floor for North Cumbria (Apr 2025 – Mar 2026).* - **LHA floor (this property size):** £394/mo ## 1% Rule - **Rent ratio:** 0.58% (weak for cashflow) - **Max investor price (0.8%):** £118,875 - **Target investor price (1%):** £95,100 *Monthly rent ÷ price. 1%+ = strong, 0.8–1% = okay, <0.8% = weak. Max investor price = rent ÷ 0.8% (Stoke-style target). Target investor price = rent ÷ 1% (strong cashflow band). Based on Area rent estimate.* ## Capital growth trend *Land Registry outcode average from sold prices: last 12 months vs 5y and 10y ago.* - **5y growth:** -24.2% - **10y growth:** -6.2% ## House Price Index (HM Land Registry) *Official index for North West; Flats and maisonettes series; as of March 2026.* - **1y growth (index):** -7.4% - **5y growth (index):** 6.8% - **10y growth (index):** 45.6% ## Flood risk - **Zone:** 1 - **Risk:** Low - **Source:** Job (default Low) [Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)