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See how verdicts work2-bedroom terraced house · LA23 3JE
For saleListed 68 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description: 5b Meadowcroft, the annexe, is accessed to the rear of the row of cottages is a converted outbuilding/laundry.
Set in the popular semi-rural area of Storrs Park on the edge of Bowness-on-Windermere up a quiet private lane. Offering its own allocated parking and patio garden.
There is a large open plan living area with modern kitchen and peninsular units defining both areas, offering a range of oak wall and base units with wood effect worksurface incorporating a single drainer stainless steel sink unit.
There is a an integrated oven, fridge freezer, slimline dishwasher and 4 ring electric hob and extractor hood over.
The Living area has an abundance of character with beams and wooden floorboards throughout. Double glazed sliding doors lead to the garden area.
Adjacent is a shower room with WC, vanity wash basin, walk in shower with Mira electric shower over and chrome heated towel rail. Tiling to walls.
Steep space saving stairs (which may be difficult access for some) lead to the first floor which has limited headroom to roughly 50% of the floorspace but offers a landing area with under eaves storage and 2 small double bedrooms both with velux rooflights bringing ample natural light.
The current owners have always used the "two" units as one property and are available separately if desired.
They did however obtain planning permission for a change of use on the property in Dec 2023 so that the properties would effectively be two separate houses.
The rear 2 bedroomed annexe becomes a holiday let for short term holiday letting only. More details on request or go to the Lake District National park planning website (ref 7/2023/5574).
There is also parking approximately 50m away allocated for 1 vehicle and there is a patio garden area to enjoy.
Accommodation (with approximate measurements) Ground Floor Open Plan Living Room and Kitchen 29' 5" max x 15' 4" max (8.97m x 4.67m) Shower room First Floor Landing with Eaves Storage 9' 7" x 7' 1" (2.92m x 2.16m) Bedroom 1 (Limited Head Height) 10' 4" max x 9' 3" (3.15m x 2.82m) Bedroom 2 (Limited Head Height) 10' 5" max x 9' 9" (3.18m x 2.97m) Property information: Services: Mains water, drainage, gas, and electricity.
Tenure: Freehold - Vacant Possession on Completion Council tax: Westmorland & Furness Council - Rateable Value for The Annexe £4400.00 with the amount payable of £2156.00 for 2024/2025.
Viewings: Strictly by appointment with Hackney & Leigh Windermere Sales Office.
Energy oerformance certificate: The full Energy Performance Certificate is available on our website and also at any of our offices.
What 3 Words and Directions: ///aimless.albums.instant From Bowness take the A592 towards Newby Bridge and after passing the ferry turning turn second left onto Meadowcroft Lane which is almost opposite Windermere Marina Entrance.
Continue along the lane turning first right into the development. The Annexe is accessed behind the Bothy, which is one of the original cottages.
Anti-Money laundering regulations: Please note that when an offer is accepted on a property, we must follow government legislation and carry out identification checks on all buyers under the Anti-Money Laundering Regulations (AML).
We use a specialist third-party company to carry out these checks at a charge of £60.00 (inc. VAT) per individual or £50.00 (incl.
vat) per individual, if more than one person is involved in the purchase (provided all individuals pay in one transaction).
The charge is non-refundable, and you will be unable to proceed with the purchase of the property until these checks have been completed.
In the event the property is being purchased in the name of a company, the charge will be £150 (incl. vat).
Disclaimer: All permits to view and particulars are issued on the understanding that negotiations are conducted through the agency of Messrs. Hackney & Leigh Ltd.
Properties for sale by private treaty are offered subject to contract.
No responsibility can be accepted for any loss or expense incurred in viewing or in the event of a property being sold, let, or withdrawn. Please contact us to confirm availability prior to travel.
These particulars have been prepared for the guidance of intending buyers. No guarantee of their accuracy is given, nor do they form part of a contract.
*Broadband speeds estimated and checked by on 07/08/2026.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About 5b The Annexe, Meadowcroft Lane, Bowness on Windermere, LA23 3JE
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