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Mersey Cottage, Morland, Penrith, Cumbria

North East

£445,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

Nestled at the edge of a picturesque village in the Eden Valley, this detached two-bedroom cottage offers a remarkable opportunity for those looking to invest in a property with significant renovation potential. Set on a tranquil no-through road and surrounded by about five acres of land, which includes various barns and outbuildings, this home is ideal for those seeking expansion possibilities or outdoor pursuits such as equestrian activities. Although the cottage is presented in generally good condition, it requires modernisation and updates to truly unlock its full potential. The spacious layout includes two reception rooms, a kitchen dining area equipped with a Rayburn range cooker, and practical spaces such as a pantry and downstairs WC. The first floor hosts two good-sized double bedrooms and a bathroom. The surrounding barns add further value; the single-storey garage/barn at the front and the substantial two-storey 'banked barn' at the rear offer versatile options for future development or storage. Given its peaceful yet accessible location near Penrith and Appleby, this property is set to attract keen interest from those looking to create their dream home amidst nature.

Investment Analysis

(CA10 area)
Area Average
£256/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CA10)

Area prices are rising by +4.3% over the last 12 months
3 year growth: -3.5%
5 year growth: 23.2%
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

Mersey Cottage, Morland, Penrith, Cumbria
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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
£1,630
Based on a loan of £333,750 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