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Nibthwaite Mills, Nibthwaite, Ulverston LA12 8DE

North West

£695,000
Listed on 07/04/2026

Property Details

Bedrooms
4
Type
Detached
Area
3253 sqft

Description

Nestled within the breathtaking Lake District National Park and situated by the tranquil River Crake, this historic property offers a remarkable opportunity for renovation and investment. Originally constructed as an iron furnace in the 18th century, this Grade II* Listed building has been partially modernized since its derelict state in the 1980s but retains a wealth of distinctive character and original features waiting to be revitalized. The spacious accommodation spans four levels, featuring potential for further customization with four bedrooms, a contemporary ensuite bathroom, and a generous kitchen that flows into a garden/dining area boasting picturesque views. Outside, the terraced gardens extend towards the riverfront, providing serene spots for relaxation amid nature's beauty. For those looking to tap into the property's historical significance or seeking to create a unique second home or rental investment, there are ample opportunities to enhance both the living space and outdoor areas. The grounds are already home to local wildlife, offering an idyllic setting that could be further developed with minimal maintenance considerations. The property also benefits from potential alternative energy solutions such as micro-hydro systems due to its proximity to flowing water. Convenient off-road parking and garage storage enhance practical living while maintaining easy access to nearby amenities in Ulverston and beyond.

Investment Analysis

(LA12 area)

Below Market Value

This property is priced -19.2% below area average per sq ft

-19.2%
Potential saving
This Property
£214/sq ft
Area Average
£264/sq ft
Avg Rent (weekly)
£213
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£946,281
10% above area average per sq ft
Potential ROI
+16.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LA12)

Area prices are falling by -6.0% over the last 12 months
3 year growth: -8.3%
5 year growth: +7.3%
Investment Disclaimer: Analysis based on LA12 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

Nibthwaite Mills, Nibthwaite, Ulverston LA12 8DE
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,462
Based on a loan of £521,250 over 30 years at 3.91% 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.

Stamp Duty Calculator

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