Leasehold homes in Penrith
How many homes in Penrith are sold as leasehold, including leasehold houses. Free
All sales leasehold
11%
7,376 sales since 2016
Houses sold leasehold
2%
excluding flats
New-build houses leasehold
3%
1,138 new-build houses
Streets where most houses are leasehold
| Street | House sales | Leasehold |
|---|---|---|
| Carleton Meadows | 43 | 95% |
| Lowther Village | 12 | 92% |
| Croft Place | 8 | 63% |
| Parklands Crescent | 5 | 100% |
What to check before buying a leasehold home
- Lease length. Under 80 years gets expensive to extend and harder to mortgage. Use the lease extension calculator.
- Ground rent and how it rises. Doubling ground rents can make a home unmortgageable.
- Service charges and the sinking fund, plus any planned major works.
- Buying the freehold. Leasehold reforms are making it cheaper for many house owners to buy their freehold.
A conveyancing solicitor will check all of this for you.