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Widewath Mill Barn, Helton, Penrith CA10 - Image 1
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Widewath Mill Barn, Helton, Penrith CA10

North East

£200,000
Listed on 12/05/2026

Property Details

Bedrooms
1
Type
Detached
Area
1361 sqft

Description

This distinctive former watermill, located on the outskirts of Helton and Askham, presents a unique chance for investors looking to develop a one-bedroom holiday let. Although not a listed structure, the mill retains many original features including mechanical machinery and timber beams that could be highlighted in the renovation process. The property comes with granted planning permission intended for holiday accommodation use, ensuring minimal external alteration while preserving historical elements internally. Internally, significant renovation is required to transform the space into a modern living environment. The layout will feature reverse accommodation with a lobby leading to a bedroom separated by an internal glazed screen from the original machinery. Plans include a bathroom adjacent to this area and an inviting first-floor open-plan living space that will integrate modern amenities with historic charm. The outdoor environment enhances this property's appeal, providing access via an existing gated forecourt to scenic views along the stream bank, ideal for those who appreciate nature. This project not only represents a restoration of historical significance but also provides an opportunity to create an attractive tourist rental in a picturesque rural setting. It should be noted that connecting services remains the responsibility of the purchaser; however, utility connections are accessible nearby, facilitating further development plans. This project requires vision and commitment but promises substantial rewards once completed.

Investment Analysis

(CA10 area)

Below Market Value

This property is priced -44.2% below area average per sq ft

-44.2%
Potential saving
This Property
£147/sq ft
Area Average
£263/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£393,962
10% above area average per sq ft
Potential ROI
+40.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
19
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (CA10)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -11.5%
5 year growth: +3.8%
Investment Disclaimer: Analysis based on CA10 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

Widewath Mill Barn, Helton, Penrith CA10
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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
£714
Based on a loan of £150,000 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.

Stamp Duty Calculator

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