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Ellonby, Penrith

North East

£570,000
Listed on 14/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
3353 sqft

Description

Nestled within a tranquil hamlet situated between Penrith, Keswick, and Carlisle, Gill House presents a distinctive opportunity for renovation enthusiasts or investors. This property, set on a substantial plot of approximately 0.644 acres, boasts striking views of the countryside and is conveniently located near the northern Lake District fells. The existing structure, rich in character, includes an entrance porch, spacious hallway, living room with an inglenook fireplace, dining room open to the kitchen, utility/laundry room, ground floor shower room, three double bedrooms, and a bathroom. Additionally, it features an adjoining two-storey barn currently utilized as a workshop and studio. This space offers considerable potential for conversion into additional living areas or other uses upon obtaining planning permission. The grounds offer ample off-road parking and a large garden area that could also serve as a small paddock. With its charming features and flexible layout, Gill House is ripe for further development and modernization while offering all the benefits of rural living close to essential amenities in nearby Penrith.

Investment Analysis

(CA11 area)

Below Market Value

This property is priced -32.2% below area average per sq ft

-32.2%
Potential saving
This Property
£170/sq ft
Area Average
£251/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£924,841
10% above area average per sq ft
Potential ROI
+42.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (CA11)

Area prices are stable by -1.9% over the last 12 months
3 year growth: -2.1%
5 year growth: +7.3%
Investment Disclaimer: Analysis based on CA11 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

Ellonby, Penrith
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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
£2,056
Based on a loan of £427,500 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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