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Thwaites Mill Cottage, Millom, Cumbria

North West

£395,000

Listed on 30/04/2026

Property Details

Bedrooms
4
Type
House
Area
2562 sqft

Description

Thwaites Mill Cottage is a detached stone cottage nestled beside Black Beck, offering a unique opportunity for renovation and personal customization. Located within the scenic southern part of the Lake District National Park, this property boasts stunning Cumbrian countryside views and proximity to the village of Broughton-in-Furness, known for its community spirit and local amenities including shops and eateries. The ground floor features a traditional layout with an entrance hallway leading to a sitting room, dining room, kitchen, and utility room. On the first floor, you will find four spacious double bedrooms, including a principal suite with its own dressing area and ensuite bathroom. The family bathroom is equipped with essential amenities but may benefit from modernisation. An integrated garage and storage space offer potential for conversion into additional living areas or guest accommodation. Adjacent to the main residence is a two-storey annex along with traditional outbuildings that could be repurposed for various uses, subject to necessary consents. The property is set on a generous plot with gardens to the side and rear that include mature plantings and access to the beck. There is also an opportunity to acquire an additional paddock of approximately 0.84 acres for further development or leisure use. Thwaites Mill Cottage presents a chance not only to create a dream home but also to explore investment avenues in this picturesque locale.

Investment Analysis

(LA18 area)

Above Market Value

This property is priced +8.3% above area average per sq ft

+8.3%
This Property
£154/sq ft
Area Average
£142/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£401,312
10% above area average per sq ft
Potential ROI
-17.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LA18)

Area prices are rising by +4.3% over the last 12 months
3 year growth: +8.4%
5 year growth: +9.1%
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
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,492
Based on a loan of £296,250 over 30 years at 4.45% 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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