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Main Street, Brough, Kirkby Stephen, CA17 - Image 1
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Main Street, Brough, Kirkby Stephen, CA17

North East

£300,000
Listed on 25/09/2024

Property Details

Bedrooms
4
Type
Detached house
Area
1313 sqft

Description

The Golden Fleece Inn presents a compelling opportunity for those seeking a renovation project or investment in a well-established village pub setting. Located in Brough, a quaint town nestled in the Eden Valley and at the base of the North Pennines, this property benefits from excellent accessibility via the A66, linking it to key destinations such as Scotch Corner and Penrith, as well as the scenic landscapes of the Lake District and Carlisle. Brough itself offers essential amenities including a village shop, primary school, outreach post office, and a hotel. The area is known for its picturesque walking trails that start from your doorstep and provides convenient bus services to Kendal and Penrith. Nearby Kirkby Stephen, just five miles away, enhances the appeal with its range of everyday conveniences like supermarkets, banks, dining options, and recreational facilities. Having been owned by the current vendors for 14 years, the Golden Fleece Inn has seen substantial use as a local pub with an upstairs flat that has been let separately. The pub recently closed at the end of 2023 but retains significant potential to reopen for business. The property is situated on a sizable plot featuring ample parking space and includes a two-story barn that could be transformed into residential accommodation or alternative uses pending necessary planning approvals. Inside, the pub boasts generous space including a large bar area equipped for service with tables for patrons and facilities for games like pool and darts. There’s also a dedicated dining room along with both commercial and prep kitchens that are well-suited for operational needs. This configuration allows for an efficient re-launch of pub services should new ownership desire. The upstairs apartment contains four bedrooms; while currently accessed independently through its own entrance, there’s potential to restore internal connections should one wish to integrate it more closely with pub operations. Historically utilized as guest accommodation with three en suite rooms, it offers versatile options as either owner quarters or separate rental space. With independent heating systems and utilities for both units, this property allows greater flexibility in management. Outside features include easy access from the main street along with an extensive rear yard and parking capacity—an attractive selling point for any future venture looking to maximize visitor turnout or community engagement. Overall, this property stands as a prime candidate for restoration or development in an inviting location rich in potential.

Investment Analysis

(CA17 area)

Above Market Value

This property is priced +2.5% above area average per sq ft

+2.5%
This Property
£228/sq ft
Area Average
£223/sq ft

Renovation Potential

Est. Renovation Cost
£30,000 - £75,000
10-25% of property value
Target Value
£321,934
10% above area average per sq ft
Potential ROI
-14.2%
After renovation
Monthly Sales
2
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (CA17)

Area prices are falling by +16.6% over the last 12 months
3 year growth: -2.6%
5 year growth: 15.1%
Investment Disclaimer: Analysis based on CA17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Main Street, Brough, Kirkby Stephen, CA17
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