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15 Rayrigg Rise, Bowness-on-Windermere, The Lake District, LA23 3DR - Image 1
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15 Rayrigg Rise, Bowness-on-Windermere, The Lake District, LA23 3DR

North West

£650,000

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Detached
Area
2298 sqft

Description

Nestled within the stunning Lake District National Park, this individually designed detached house from the 1970s presents a remarkable opportunity for those looking to invest in a property with significant renovation potential. Owned by the same family since its construction, this home is now ready for a transformative update, enabling buyers to tailor the space to reflect their unique style and needs. The residence consists of two spacious bedrooms, a large sitting/dining area, a kitchen ripe for modernisation, and a self-contained studio that adds versatility—ideal for guests or as a home office. Beneath the main living areas lie two generous double garages, which could be converted into additional living space or bedrooms (subject to planning permission), further enhancing the property's appeal and value. Outside, mature gardens provide ample outdoor space, complemented by a private driveway capable of accommodating multiple vehicles. Located at the end of a peaceful cul-de-sac in Bowness-on-Windermere, this property is just moments away from local amenities and the picturesque shores of Lake Windermere.

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Investment analysis

(LA23 area)

Below Market Value

This property is priced -28.7% below area average per sq ft

-28.7%
Potential saving
This Property
£283/sq ft
Area Average
£397/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£1,002,905
10% above area average per sq ft
Potential ROI
+35.5%
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
4%
Properties sold annually

Local Market Trend (LA23)

Area prices are falling by -16.7% over the last 12 months
3 year growth: -12.7%
5 year growth: -4.0%
Investment Disclaimer: Analysis based on LA23 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

15 Rayrigg Rise, Bowness-on-Windermere, The Lake District, LA23 3DR
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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
£2,456
Based on a loan of £487,500 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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