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Matterdale, Penrith

North East

£950,000
Listed on 11/03/2026

Property Details

Bedrooms
5
Type
Detached house
Area
2044 sqft

Description

Set in the picturesque Matterdale within the Lake District National Park, Goosegreen offers a unique opportunity for renovation enthusiasts and investors. This distinctive property, while constructed with modern cavity walls, incorporates an array of reclaimed materials that imbue it with a traditional country residence charm. Spanning over 2,000 sq ft, the layout includes an Entrance Hall, Living Room, Sitting Room, Study, expansive Farmhouse Kitchen, Utility Room, Pantry, WC, a spacious Landing leading to five Bedrooms (including one En-Suite that requires finishing), a House Bathroom, and three Attic Rooms that present excellent potential for conversion or additional living space. Nestled within approximately 2.2 acres of land, the property boasts a south-facing garden with stunning views of the surrounding fells, alongside a Potager Garden with Stream and a Greenhouse. A large Stone Barn and adjacent Outbuilding, measuring around 2,300 sq ft combined, are ripe for redevelopment opportunities (pending planning permission), making this residence ideal for creative transformation into a multifaceted family home or holiday retreat. The bones of this house offer both character and functionality but will require some cosmetic updates to truly shine. With thoughtful renovation work completed post-acquisition, Goosegreen has the potential to become not only a comfortable family abode but also an asset cherished by future generations.

Investment Analysis

(CA11 area)

Above Market Value

This property is priced +87.6% above area average per sq ft

+87.6%
This Property
£465/sq ft
Area Average
£248/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£557,154
10% above area average per sq ft
Potential ROI
-47.9%
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

Matterdale, 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
£3,426
Based on a loan of £712,500 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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