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The Eller's, Ulverston, Cumbria LA12 0AQ - Image 1

The Eller's, Ulverston, Cumbria LA12 0AQ

North West

£485,000
Listed on 01/12/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Ellers Mill presents a unique opportunity for redevelopment in Ulverston, a market town nestled in the scenic southwest of Cumbria. This former commercial building is strategically located just a short walk from the town center, making it an attractive proposition for residential conversion or mixed-use development. The property features four storeys of stone-built structure, with a total internal area of approximately 5,885 sq ft, and comes complete with an adjacent workshop that offers additional potential for transformation. The current layout has been stripped back to its shell, allowing for extensive renovation tailored to modern living standards or commercial needs. With planning permission already granted for the conversion into six apartments plus office space on the ground floor, as well as the construction of three new dwellings, this property is primed for serious investment. The site includes off-street parking and has undergone upgrades to its surrounding environment by the Environment Agency. Given its proximity to local amenities and transportation links—including a railway station within walking distance—this site is not only promising but offers significant potential for capital appreciation through thoughtful renovation.

Investment Analysis

(LA12 area)
Area Average
£262/sq ft
Avg Rent (weekly)
£208
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
25
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (LA12)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -7.1%
5 year growth: +12.6%
Investment Disclaimer: Analysis based on LA12 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

The Eller's, Ulverston, Cumbria LA12 0AQ
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,749
Based on a loan of £363,750 over 30 years at 4.06% 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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