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Ivebank, Ivegill

North East

£695,000
Listed on 12/04/2025

Property Details

Bedrooms
4
Type
Detached
Area
4244 sqft

Description

Situated in an elevated position within the picturesque village of Ivegill, this historic Grade II listed residence offers a unique opportunity for renovation and development. Dating back to the 17th century, this four-bedroom home spans approximately 2 acres of scenic grounds, seamlessly combining historical charm with potential for modern enhancements. The property is rich in architectural detail and features such as traditional beamed hallways, original fireplaces, and elegant shuttered windows, while also accommodating contemporary family needs.

Upon entry, the spacious lounge is flooded with natural light and boasts a stunning original fireplace. The snug area provides a warm retreat with its sandstone fireplace and wood-burning stove. Meanwhile, the formal dining room showcases intricate cornicing and delightful garden views from the window seat. A high-quality kitchen outfitted with German craftsmanship and premium appliances serves as the functional heart of the home.

Additional spaces include a conservatory ideal for taking in garden vistas, a utility room for practical use, and a WC. The first floor contains four substantial double bedrooms, highlighted by a master suite that offers expansive countryside views alongside an elegant bathroom equipped with luxury fixtures.

The extensive grounds promise privacy and versatility, featuring sweeping driveways to ample parking. Notably, there’s a sizeable double garage/workshop with electric doors along with various outbuildings that present excellent development potential (subject to planning permissions). A designated home office enhances suitability for remote working.

The gardens are beautifully maintained, showcasing manicured lawns and mature woodlands along with a stream bordering the property. Additionally, an adjoining paddock creates space for outdoor activities or possible entrepreneurial pursuits.

Ivegill blends rural peace with community conveniences such as schools and local amenities while being conveniently located about 8 miles from Penrith and Carlisle for easy access to major transport routes leading into the Lake District National Park. This remarkable property not only exudes character but also represents an exciting opportunity for those looking to invest in Cumbrian heritage.

Investment Analysis

(CA4 area)

Below Market Value

This property is priced -31.1% below area average per sq ft

-31.1%
Potential saving
This Property
£164/sq ft
Area Average
£238/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,109,912
10% above area average per sq ft
Potential ROI
+41.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CA4)

Area prices are rising by +3.0% over the last 12 months
3 year growth: -6.4%
5 year growth: +7.6%
Investment Disclaimer: Analysis based on CA4 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

Ivebank, Ivegill
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,462
Based on a loan of £521,250 over 30 years at 3.91% 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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