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Widewath Mill Barn, Helton, Penrith CA10 - Image 1
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Widewath Mill Barn, Helton, Penrith CA10 - Image 3

Widewath Mill Barn, Helton, Penrith CA10

North East

£200,000
Listed on 23/03/2026

Property Details

Bedrooms
1
Type
Detached
Area
1361 sqft

Description

This former Lakeland Watermill, located on the fringes of Helton and Askham, presents a distinctive investment opportunity for those looking to delve into a renovation project. With approved planning permission for conversion into a one-bedroom holiday let, this property is not only a piece of local history but also a canvas for creativity. While the mill itself is not listed, it boasts several original mechanical features and structural elements that could be beautifully restored. Internally, the property requires comprehensive renovation to transform it into a functional and inviting retreat. The proposed layout aims to preserve the unique internal machinery while providing modern conveniences. The ground floor is designed to include an entrance lobby leading to the bedroom, cleverly integrating an internal glazed partition with remnants of the Crown wheel and machinery. The adjoining space will accommodate a bathroom in what was previously a furnace/kiln area. The first floor is set to feature an open plan living and dining space, with plans for safeguarding the original grinding bed through a new internal balustrade. A kitchen will be established in what was once the drying bed above the kiln, allowing for a seamless blend of past and present. Externally, access via an existing gated forecourt leads to enchanting views along the bank of the stream, creating an idyllic rural backdrop for guests. This site not only offers potential as a holiday let but as a charming home immersed in nature's beauty. Located near Helton village and surrounded by bridleways, this property is perfectly placed for outdoor enthusiasts who appreciate walking, cycling, and horse riding right from their doorstep.

Investment Analysis

(CA10 area)

Below Market Value

This property is priced -42.3% below area average per sq ft

-42.3%
Potential saving
This Property
£147/sq ft
Area Average
£255/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£381,386
10% above area average per sq ft
Potential ROI
+31.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
60%
Properties sold annually

Local Market Trend (CA10)

Area prices are falling by -8.0% over the last 12 months
3 year growth: -11.9%
5 year growth: +9.8%
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 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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