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Calthwaite, Penrith

North East

£375,000
Listed on 10/03/2026

Property Details

Bedrooms
3
Type
Detached house
Area
2064 sqft

Description

Situated on approximately 1.38 acres on the outskirts of Calthwaite, this detached three-bedroom house with additional outbuildings offers significant potential for renovation and expansion into a more spacious family residence, subject to planning permissions. The property includes around 0.88 acres of land, providing an opportunity for small holding or a peaceful rural lifestyle away from the hustle and bustle. Having been held by the Harris Family since 1874, this period home features a bright kitchen, lounge, and dining area on the ground level, along with three bedrooms and a family bathroom upstairs. The extensive outdoor area includes a sizeable garden and ample gated parking. The adjoining outbuildings present options for either storage or as part of future living space improvements. Given its desirable location near both Penrith and Carlisle, this property is well-positioned for those wishing to enjoy village life while benefiting from excellent transport links. Calthwaite itself is an appealing village with a recently updated pub, a respected primary school, nursery facilities, and a popular restaurant. Additionally, there are stipulations regarding the use of adjoining land to ensure it remains suitable for equestrian activities or as expansive gardening space. While there are some necessary repairs to consider—specifically attention needed on the roof—the home has seen recent updates including new windows and doors in March 2019. The central heating system is also relatively modern with a boiler installed earlier in 2019, still under warranty. Buyers should be aware that they’ll be responsible for erecting a boundary fence along the eastern boundary as per regulations.

Investment Analysis

(CA11 area)

Below Market Value

This property is priced -26.7% below area average per sq ft

-26.7%
Potential saving
This Property
£182/sq ft
Area Average
£248/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£562,605
10% above area average per sq ft
Potential ROI
+32.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
52%
Properties sold annually

Local Market Trend (CA11)

Area prices are falling by -3.6% over the last 12 months
3 year growth: -5.7%
5 year growth: +3.3%
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

Calthwaite, Penrith
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 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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