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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 24/06/2026

Property details

Bedrooms
1
Type
Detached
Area
1361 sqft

Description

This former Lakeland Watermill presents a distinctive renovation project with granted planning permission for conversion into a one-bedroom holiday let. Situated on the periphery of Helton and Askham, this property, known locally as Widewath Mill, is rich in history and retains original mechanical features that could add character to the designed living space. The interior requires complete refurbishment and has a thoughtfully laid-out plan for conversion which includes a ground floor lobby leading to a bedroom that showcases the mill's machinery through an internal glazed screen. The adjoining bathroom will be cleverly integrated into what was once the furnace/kiln area. The first floor accommodates an open-plan sitting room and dining area, with provisions for a kitchen in the former drying bed above the kiln. This level also includes innovative design elements such as a new internal glazed balustrade to protect various mill mechanisms, ensuring visitors can appreciate this unique blend of functionality and history. Access to the property is straightforward via an existing gated forecourt, with grounds extending alongside the stream, providing tranquil rural views. Located near Helton village, which offers panoramic views and opportunities for outdoor activities such as cycling and hiking on nearby bridleways, this property stands out as an investment opportunity in a picturesque setting. As it currently lacks connection to services, potential buyers should prepare to facilitate these connections while adhering to planning conditions related to drainage and utilities.

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Investment analysis

(CA10 area)

Below Market Value

This property is priced -43.8% below area average per sq ft

-43.8%
Potential saving
This Property
£147/sq ft
Area Average
£261/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£391,417
10% above area average per sq ft
Potential ROI
+35.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (CA10)

Area prices are falling by -5.9% over the last 12 months
3 year growth: -8.8%
5 year growth: +5.7%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£756
Based on a loan of £150,000 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.

Stamp duty calculator

Next Steps

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