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Thwaites Mill Cottage, Millom, Cumbria, LA18 5JX

North West

£395,000
Listed on 01/05/2026

Property Details

Bedrooms
4
Type
House
Area
2562 sqft

Description

Nestled within the picturesque landscapes of the Lake District National Park, Thwaites Mill Cottage offers a rare opportunity for renovation and personalization. This stone-built detached cottage overlooks Black Beck and is situated near the historic village of Broughton-in-Furness, known for its lively community and local amenities. The property retains charming period features while presenting an ideal canvas for modern updates to enhance its living space. The ground floor consists of an entrance hallway, a sitting room, a dining room, a kitchen, and a utility room. Upstairs, you'll find four generously sized double bedrooms, including a principal suite with an ensuite dressing area. The family bathroom has essential fittings like a shower and WC but could benefit from modern improvements. A large garage and adjoining annex create further potential; these areas could be repurposed into additional living quarters or serve alternative uses upon approval. Outside, the garden enjoys mature plantings alongside direct access to the beck, with extra space available in the form of an optional enclosed paddock. With appropriate updates, this property not only stands to increase in value but also invites creativity in reimagining its use within this stunning setting.

Investment Analysis

(LA18 area)

Above Market Value

This property is priced +5.5% above area average per sq ft

+5.5%
This Property
£154/sq ft
Area Average
£146/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£411,880
10% above area average per sq ft
Potential ROI
-7.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LA18)

Area prices are stable by +1.0% over the last 12 months
3 year growth: +1.9%
5 year growth: +3.7%
Investment Disclaimer: Analysis based on LA18 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

Thwaites Mill Cottage, Millom, Cumbria, LA18 5JX
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£1,409
Based on a loan of £296,250 over 30 years at 3.97% 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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