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Mallerstang, Kirkby Stephen

North East

£160,000
Listed on 14/03/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a rare chance to transform a disused barn into a two-bedroom camping barn, complemented by approximately 4.94 acres of adjoining agricultural land in the scenic Eden Valley. The existing layout offers living space on the ground floor and bedrooms above, with planning consent already granted under reference 07/0300 by Eden District Council. Notably, works have commenced, ensuring this planning permission remains valid and provides a solid foundation for development. Nestled in Mallerstang within the upper Eden Valley, this site is steeped in history and surrounded by striking landscapes, including the remnants of Pendragon Castle. The area is particularly appealing to outdoor enthusiasts, making it an ideal setting for those interested in cycling or hiking against a backdrop of stunning countryside vistas. Accessibility is another advantage; located just 8 miles south of Kirkby Stephen and directly off the B6259, the property can be conveniently reached from various directions. The potential for creating recreational accommodation is significant, offering promising prospects for holiday letting investment. Importantly, while the planning does not allow for primary residential use, it opens doors to opportunities tailored for short-term rentals or retreat-style getaways. In addition to the barn conversion opportunity, the accompanying land holds considerable value. Currently encompassing productive agricultural grassland suitable for livestock or farming activities, there are also options for alternative uses such as parking or additional structures—pending necessary planning approvals. Furthermore, this land may attract interest from those exploring carbon credit initiatives or biodiversity enhancements. Utility access is advantageous as well; mains electricity and spring water are available nearby, along with B4RN broadband service in the area. This property’s unique blend of features and location makes it an intriguing prospect for renovators and investors alike—offering both immediate potential and long-term value in a remarkable setting.

Investment Analysis

(CA17 area)
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (CA17)

Area prices are rising by +9.2% over the last 12 months
3 year growth: 14.6%
5 year growth: 35.3%
Investment Disclaimer: Analysis based on CA17 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Mallerstang, Kirkby Stephen
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£586
Based on a loan of £120,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE