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Micklewell Cottage

North West

£150,000
Listed on 19/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
994 sqft

Description

Discover a unique opportunity with Micklewell Cottage, a mid-terraced barn conversion located in the quaint village of Gleaston. This property presents significant renovation potential, allowing you to tailor its features to your personal style and needs. Currently in need of refurbishment, it offers a spacious lounge with a charming feature fireplace, a separate dining room, and a kitchen on the ground floor. Upstairs, you'll find four generously sized bedrooms—each functioning as doubles—and a fitted bathroom. The property is further enhanced by a sizable garden at the rear, providing ample outdoor space for landscaping, gardening, or recreational use. With no chain involved in the sale, this home presents an excellent prospect for those looking to invest in renovations or create their dream residence. Gleaston is a small village rich in history and character, with a population of around 400. It enjoys convenient access to nearby towns like Barrow-in-Furness, Dalton-in-Furness, and Ulverston, making it an ideal location for commuters. The area is steeped in historical significance, with remnants such as Gleaston Castle and the local water mill that draw visitors and contribute to the community's charm. This property not only offers immediate living space but also stands as a canvas for future transformation in line with your vision. Take advantage of this investment opportunity in a well-situated location that melds historical appeal with modern accessibility.

Investment Analysis

(LA12 area)

Below Market Value

This property is priced -42.5% below area average per sq ft

-42.5%
Potential saving
This Property
£151/sq ft
Area Average
£262/sq ft
Avg Rent (weekly)
£203
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£286,799
10% above area average per sq ft
Potential ROI
+36.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (LA12)

Area prices are falling by +4.6% over the last 12 months
3 year growth: -8.1%
5 year growth: 13.3%
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

Micklewell Cottage
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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
£549
Based on a loan of £112,500 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