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Langwathby, Penrith

North East

£900,000
Listed on 28/12/2025

Property Details

Bedrooms
5
Type
Detached house

Description

Presenting New Mill, a historic property set within approximately 7.1 acres in the picturesque village of Langwathby. This unique residence carries a rich history dating back to the 12th century, formerly serving as both a brewery and mill. It offers an exciting opportunity for buyers with vision to restore and revitalize its character while enhancing its potential. The spacious five-bedroom main residence includes two bathrooms and a cloakroom, designed for both comfort and functionality. Two large reception rooms create an inviting atmosphere for entertainment or relaxation, all framed by scenic views of the surrounding land. Beyond the dwelling, a series of barns and outbuildings present significant renovation opportunities. These versatile structures can be transformed into workshops, creative studios, or even additional living accommodations – pending necessary planning permissions. The extent of this renovation potential allows for customization according to personal needs or aspirations. The expansive 7.1 acres of grazing land is ideal for equestrian use or small-scale agriculture, offering ample space for livestock and gardens. A charming beck adds to the property's natural appeal while ensuring privacy due to the absence of public footpaths across the land. New Mill's location enhances its investment potential with opportunities for holiday rentals that could generate income, subject to local regulations. Notable features include modern conveniences like mains water supply and an oil boiler installed less than a year ago; however, prospective owners should consider the existing septic tank that may need upgrading. Situated in Langwathby, the property is part of a vibrant community with essential amenities just a mile away including shops, schools, and recreational facilities. Excellent connectivity via a nearby railway station further enhances accessibility, making this historic property not only a residential retreat but also an appealing canvas for future development ventures.

Investment Analysis

(CA10 area)
Area Average
£255/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (CA10)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -11.9%
5 year growth: +9.8%
Investment Disclaimer: Analysis based on CA10 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

Langwathby, Penrith
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,246
Based on a loan of £675,000 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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