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Bage Mill, Lulham, HR2

West Midlands

£480,000

Listed on 11/09/2026

The listing

Property details

Bedrooms
3
Type
House
Area
700 sqft

Description

Bage Mill presents a unique opportunity to acquire a three-bedroom detached dwelling, a fascinating Grade II listed Cruck Barn that potentially dates back to the 15th century, complemented by later extensions. Set within approximately three acres of gardens and grounds, this property offers significant renovation potential. The spacious layout features good room sizes, but the home requires modernisation to truly shine as a family residence. The historic Cruck Barn is particularly noteworthy, as it comes with planning permission for conversion into an impressive four-bedroom dwelling, allowing for an abundance of accommodation and living space. The barn's remarkable architectural features are a highlight, and prospective buyers may wish to restore it to its former glory. In addition to the house and barn, the grounds include woodland, streams, and the remnants of the former water mill, enhancing its charm. The property also includes various outbuildings, such as a brick and tile workshop/potting shed, an outside WC, and a garage divided into three sections. The grounds are expansive, with grassy areas and the option to negotiate for an adjoining 2.27-acre paddock. With mains electricity, oil central heating, and septic tank drainage already in place, the property currently relies on a natural spring for water supply. Buyers are encouraged to verify the feasibility of connecting to mains water. This freehold property is available with vacant possession upon completion.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

34out of 100
Grade ELow opportunity

Confidence: MEDIUM

Bage Mill is a distinctive Grade II listed Cruck Barn, dating back to the 15th century, presenting a unique opportunity for those looking to invest in a substantial renovation project. While the asking price of £480,000 translates to £686/sqf, significantly above the local average of £280/sqf, the property does offer considerable potential for transformation. The extensive grounds of around 3 acres, along with the historical features of the barn, add to the charm and potential of the site. However, the all-in costs, including renovation estimates, stretch the budget against local benchmarks, highlighting a significant economic risk.

The property showcases good room sizes and layout, allowing for creative reconfiguration and restoration to create a superb family home. The dated interiors, including the kitchen and bathroom, signal a heavy refurbishment requirement, but they also provide an opportunity for a fresh vision. This listing truly shines with its unique character and potential for substantial transformation, making it a notable candidate for those willing to take on a comprehensive renovation project.

Key opportunities

  • Potential to restore and enhance the unique historical features of the barn.
  • Opportunity to create a spacious family home with good room sizes and layout.
  • Extensive grounds, including woodland and streams, can be developed into beautiful outdoor spaces.

Key risks

  • Stripped interiors and a £100,000–£250,000 works budget make this a full-gut programme, not a refresh.
  • Total commitment could reach about £655,000 when purchase and the £175,000 refurb range are added together, about 70% ahead of typical local benchmarks for this size; we have not assumed a post-renovation resale figure.

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Location

Bage Mill, Lulham, HR2
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,813
Based on a loan of £360,000 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.

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