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Auction House Cumbria auction lot · Westmorland and FurnessSkiddaw, Midland Bank Flats, St Marys Lane , Ambleside, Cumbria LA22 9BU
2 bed flat in Westmorland and Furness (LA22 9BU), for sale by auction with Auction House Cumbria on 9 December 2026. Guide £175,000+.
Finance view
Good
Lendable, with points a lender will check first. The loan that fits: Purchase bridge, as this is a home that can be let or sold as it is.
Likely loan
Up to 75% of the priceOn the purchase price
On the expected hammer
About £151,000The guide plus 15%
Example rate
0.75% to 0.95% a monthArrangement fee about 2%
What a lender will look at
Check Outside London and the Home Counties (Westmorland and Furness): fewer lenders, and values need strong local evidence
Check No station within a 20-minute walk (nearest: Windermere, 6.9 km)
If you let it
Typical rent about £776 a month, a gross yield of 4.6% on the expected hammer. The rent supports a buy-to-let mortgage of about £135,000, 67% of the expected hammer: refinancing out of a bridge needs more cash in, or a sale.
ONS average for a 2-bed home in Westmorland and Furness, Sept 2026. Refinance test: rent covers the interest 125% at a 5.5% stress rate, as lenders test a limited company; personal borrowers are often tested harder.
Information a lender will need first
The tenure (freehold or leasehold)
Whether it is sold vacant or with a tenant
The floor area (an EPC or a floorplan)
What a lender will ask you for on a purchase bridge
Photo ID and proof of address
Proof of your deposit and where it came from
The legal pack, read by your solicitor before you bid
Your exit plan: sale or refinance, with evidence (comparables, or a mortgage in principle)
We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Ratings and figures are a guide from the published facts, not an offer of finance or advice. Stations from NaPTAN.
Closest comparables
The nearest sales of homes like this one in the last two years, from HM Land Registry, graded the way a lender reads them. 15 similar sales within 1.5 km.
Strong£320,000Apr 2026
Apartment 2, Smallwood House Compston Street, Ambleside, LA22 9DP (flat)
The same kind of home, 137 m away, sold 7 months ago.
Moderate£325,000Jun 2026
Flat 5, Oakland Millans Park, Ambleside, LA22 9AG (flat)
The same kind of home, 217 m away, sold 5 months ago.
Strong£295,000Apr 2026
Flat 16, The Lakelands Lower Gale, Ambleside, LA22 0BD (flat)
The same kind of home, 154 m away, sold 7 months ago.
On the market now
Asking prices for 2-bed flats in LA22 on the property portals: their listings, opened in a new tab.
We grade vacant homes inside the M25 automatically. This lot has the basic details only, because it is outside the M25. Tell us what you need and we'll come back to you, usually within a working day.
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We have access to lending of up to 75% of the purchase price, with up to 100% of the build cost. Tell us about the lot and we can put you in touch. Illustrative only, not an offer of finance: rates, fees and loan sizes depend on the lender, the property and you. Stamp duty, legal costs and the buyer's fee are not included. Your property may be repossessed if you do not keep up repayments on a loan secured on it.
Indicative terms · Auction Watch
Indicative terms
Subject to
Indicative only, from the figures above: not an offer of finance or advice. A specialist will confirm the terms. Your property may be repossessed if you do not keep up repayments on a loan secured on it. Auction Watch is not a lender and does not give financial advice. If you ask for terms, we pass your details to lenders and brokers we work with, who may pay us a fee for the introduction; they make their own decisions and offers. If you are buying a home to live in yourself or for your family, that is a regulated mortgage: we only introduce you to a firm authorised by the Financial Conduct Authority.
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