We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work5-bedroom detached house · LA19 5TN
For saleReduced £12.5k (−2.1%) on 28 JunListed 825 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to acquire a spacious 5-bedroom farmhouse.
The property is uniquely positioned between the west coastline and Corney fell in the Lake District National Park, and benefits from excellent mountainous views, reaching to The Isle of Man.
Foldgate Farm was once ran as a working farm and now offers the chance for those looking to have multigenerational living or life/work lifestyle opportunity.
Currently the property benefits from a variety of income streams; The Farmhouse is ran as a successful holiday letting business.
The property is available as a whole or in seven lots: Lot 1 - Foldgate Farmhouse Lot 2 - The Barn Lot 3 - Buildings and Yard Lot 4 - Stables Lot 5 – Paddock extending to approximately 1.2 acres Lot 6 – Land extending to approximately 3.7 acres Lot 7 – Lambground extending to approximately 0.59 acres lot 7 sold Situation Foldgate Farm is located within the Lake District National Park with excellent access to the Western Lakes and coastland and beaches.
The beaches at Bootle and Silecroft, and the market town of Broughton in Furness are all close by.
Also easily accessible via pretty drives are the River Duddon, Corney Fell, Coniston Water, the Furness Peninsula, Furness Abbey, The Dock Museum, Walney Island Nature Reserve, Piel Island and the Cumbrian Coastal Way.
Muncaster Castle and “La’al Ratty” miniature steam railway at Ravenglass all make for wonderful days out as do the Lakeside and Haverthwaite Railway, the Aquarium of the Lakes and steamboat cruises on Windermere.
For schooling there is Waberthwaite C of E Primary School and both a primary school and secondary school available in Millom. Primary schooling is also available in Broughton, along with a nursery.
St Bees and Coniston Schools are also within commuting distance.
The town of Millom offers expected amenities including schools, healthcare facilities, supermarkets and transport links to nearby Barrow-in-Furness and Lancaster.
There are train links from Bootle, Ravenglass and Millom, with local trains to regional centres, and onward to all national centres.
Millom – 11 miles Broughton in Furness – 15 miles Whitehaven – 22 miles Ambleside – 32 miles Access Access can be taken directly from the Corney Fell Road.
What3words hammocks.deferring.inserted Directions From the centre of Millom, head north-west towards Station Road/A5093. Turn left onto Station Road/A5093.
At the roundabout, take the 2nd exit onto St George’s Rd/A5093 then continue to follow the A5093. Continue onto the A595 and after 6 miles turn right onto Swallow Hurst.
Follow onto Bootle Broughton then take a right turn just before Corney Fell Road. This will take you to Foldgate Farm. From Cockermouth enter the Bridgefoot Roundabout and take the 1st exit onto A595.
At the Lillyhall Roundabout, take the 2nd exit and stay on the A595 until Broad Oak. At Broad Oak, take a left turn and leave the A595.
Continue on the Corney Fell Road then turn right onto Bootle Broughton. Take the first left, this will take you to Foldgate Farm.
Please note that the road over Corney Fell is closed currently due to a defective bridge, therefore please travel along the A595 via Bootle.
Description Foldgate Farmhouse Foldgate Farmhouse is a traditional farmhouse compromising a range of original features. The property is currently used as a successful holiday let accommodation.
Ground Floor Entrance Porch Providing access to both reception rooms. Kitchen Diner A large kitchen diner area with exposed timber beams and stonework.
The kitchen compromises of base and wall units with ample room for dining. Snug With open fire. Sitting Room With wood burning stove. Utility/shower room/boiler room Housing the boiler and water tank.
Shower suite with shower, WC and hand wash basin. First Floor Principal Bedroom 1 Double bedroom complete with an ensuite shower room comprising shower cubicle, WC and hand wash basin.
Access to a raised decking area to the rear of the property. Bedrooms 2,3 & 4 Well-proportioned double bedrooms. Family Bathroom With bath, WC and hand wash basin.
Second Floor Bedroom 5 To the second floor is a fifth bedroom with ensuite shower room comprising shower cubicle, hand wash basin and WC.
Services The Farmhouse benefits from mains electricity, oil fired central heating, and water provided via a borehole. Drainage is to a private septic tank.
Please note we have not been able to test services or make any judgement on their current condition. Prospective purchasers should make their own enquiries.
It is the responsibility of prospective purchasers to ensure that a compliant septic tank system is in place at their own cost as per legislation.
Access Should the Property be sold in lots then appropriate rights of access will be reserved in favour of such lots. Fixtures & Fittings No warranties are given for the fitted appliances.
Energy Performance Certificate Rating The EPC ratings have been assessed as follows: The Farmhouse: Band C For full copies of the EPC information and copies of the reports please contact the Selling Agent.
Holiday let income The property is currently utilised as a holiday lettings business with healthy figures. Further information is available from the Selling Agents.
Website Please note that the website is available to be included in any sale.
Offers and Anti-Money Laundering (aml) Regulations Formal offers, in the acceptable Scottish form, should be submitted through a Scottish Solicitor to the Selling Agent.
Under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 we are required to carry out money laundering checks on purchasers.
To facilitate this and to proceed promptly with submitting an offer, the following documentation must be provided to us in advance (i.e.
Prior to or alongside the formal offer submission): - Valid proof of identification - Proof of current address - Evidence of purchase method (e.g., Mortgage in Principle, Proof of Funds) Upon verbal acceptance of an offer, we require to verify the purchaser’s identity and use an online verification service provider to do so.
We cannot enter a business relationship with a purchaser until they have been identified. Failure to provide required identification may result in an offer not being considered.
Broadband/Mobile signal We understand that broadband & mobile reception is available.
Buyers are advised to visit ofcom website for an indication of supply and speeds: //checker.ofcom.org.uk/en-gb/broadband-coverage and carry out their own further due diligence.
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
.png)
FAQ
About Foldgate Farmhouse (Lot 1),, Foldgate Farm, Millom
Explore nearby