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The Old Mill, Winster, Bowness -on-Windermere, LA23 3NN - Image 1
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The Old Mill, Winster, Bowness -on-Windermere, LA23 3NN - Image 11

The Old Mill, Winster, Bowness -on-Windermere, LA23 3NN

North West

£1,000,000
Listed on 30/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1296 sqft

Description

This captivating 5-bedroom detached barn, originating from 1802, presents a unique investment opportunity with substantial renovation potential. The barn has undergone two phases of conversion in the early 1980s and late 1990s, with an additional annexe completed in 2006. Currently not listed, this property can be utilized as a holiday let, making it ideal for generating rental income. It boasts double glazed windows throughout, ensuring energy efficiency and comfort. The property features a large garage and benefits from its own private river and waterfall, surrounded by original oak beams indicative of its historic charm. A boarded loft adds extra storage space or could be converted for other uses. Recent enhancements include a new borehole installed in Spring 2025 for sustainable water supply and newly acquired land that extends the garden area – perfect for outdoor activities or further development. The enlarged garage now offers possibilities for workshop space or conversion into additional living areas. There are approved plans to integrate the annexe with the main house, creating a seamless living experience while retaining flexibility for family dynamics. Permissions also exist to connect the garage to the main residence, enabling the addition of spaces like a home gym or office. Internally, the ground floor is designed with connectivity in mind; featuring an open-plan kitchen ideal for entertaining and a spacious living room that invites natural light through dual aspects. Notably, there’s also an office space suitable for remote work and a dedicated gym area. Upstairs hosts a luxurious master suite with dual dressing rooms and en-suite bathroom, alongside two additional bedrooms catering to family needs. With an approximate plot size of 0.8 acres plus added expansion land, this property offers extensive potential for landscaping or even further development. Positioned in the scenic Winster Valley yet just two miles from Bowness-on-Windermere's vibrant amenities, The Old Mill perfectly balances rural tranquillity with convenient access to local attractions. This property is poised for transformation; whether maintaining its rustic allure or crafting a modern sanctuary amidst nature's beauty.

Investment Analysis

(LA23 area)

Above Market Value

This property is priced +90.3% above area average per sq ft

+90.3%
This Property
£772/sq ft
Area Average
£405/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£577,938
10% above area average per sq ft
Potential ROI
-48.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
40%
Properties sold annually

Local Market Trend (LA23)

Area prices are falling by -16.3% over the last 12 months
3 year growth: -15.9%
5 year growth: -2.3%
Investment Disclaimer: Analysis based on LA23 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 Old Mill, Winster, Bowness -on-Windermere, LA23 3NN
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£3,607
Based on a loan of £750,000 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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