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Ivebank, Ivegill

North East

£695,000
Listed on 29/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
4244 sqft

Description

Located in the picturesque village of Ivegill, this Grade II listed property, originally built in the 17th century, presents a unique opportunity for renovation and investment. Spanning approximately 2 acres, the home is characterized by its rich historical features and blend of classic elegance with modern conveniences. The residence offers ample potential for updates to enhance its appeal and functionality while respecting its historic integrity.<br><br>Upon entering, you're greeted by a charming beamed hallway that leads to a spacious lounge with an original fireplace and beautifully shuttered windows. The snug features a sandstone fireplace and wood-burning stove, perfect for cozy evenings. The dining room showcases intricate cornicing and a garden-facing window seat, creating an inviting atmosphere for meals.<br><br>The kitchen is equipped with premium appliances but may benefit from contemporary updates or personalization to meet current standards. A versatile conservatory adds light and views of the gardens, while practical spaces such as a utility room and WC are in place but could see modernization.<br><br>The first floor holds four sizable double bedrooms, including a master suite with stunning countryside views. The family bathroom, featuring high-end fixtures like a clawfoot bath and rainfall shower, also provides an opportunity for bespoke enhancements.<br><br>Exterior features include extensive grounds offering privacy and potential development opportunities through outbuildings (subject to permissions). With ample parking space and dual driveways leading to a large garage/workshop equipped with electric doors, there’s plenty of scope for creative use or expansion.<br><br>This property combines rural serenity with proximity to local amenities in Ivegill, making it ideal for families or those seeking a retreat close to key transport routes. Its heritage and surrounding nature provide both charm and opportunity—perfect for anyone looking to invest in an extraordinary piece of Cumbrian history while bringing it into the modern age.

Investment Analysis

(CA4 area)

Below Market Value

This property is priced -32.5% below area average per sq ft

-32.5%
Potential saving
This Property
£164/sq ft
Area Average
£243/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,132,554
10% above area average per sq ft
Potential ROI
+39.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (CA4)

Area prices are rising by +10.5% over the last 12 months
3 year growth: -3.5%
5 year growth: 20.2%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,546
Based on a loan of £521,250 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