House · LA2 8NX
For saleListed 318 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
One of three detached barns located on Spout Lane, to the northwest of the attractive village of Wennington, providing an exciting and rare opportunity to create a home for the 21st century.
Planning consent was granted by Lancaster City Council, reference number 23/01478/FUL, dated 17 June 2024 for 'Change of use, conversion and alteration of barn into one dwelling (C3) with associated access and package treatment plant'.
Proposed plans show for: Ground floor - entrance hall, open plan living dining kitchen, utility room and cloakroom. Annexe with entrance vestibule, living/dining kitchen and en suite bedroom.
First floor - four double bedrooms, three being en suite, study and a house bathroom. Outside space - parking and garden. Services - mains electricity and water are on site.
B4RN hyperfast broadband and mains gas are in the local vicinity. It will be the responsibility of each barn to install their own sewage treatment plant.
Interested parties are advised to make their own enquiries in this regard. Access - if Barn 3 is sold separately to Barns 1 and 2, then were will need to be various rights of access granted.
Wennington is a small Lune Valley village on the River Wenning.
The village itself is nestled between Low Bentham and Wray on the B6480 and is highly accessible for road and rail networks (there's even a railway station in the village) making it popular for families and commuters alike.
Further afield, the Cumbrian market town of Kirkby Lonsdale (6.7 miles) is a very popular destination for local residents and tourists alike with much to offer in terms of places to eat and drink, independent shops as well as branches of Boots and Booths supermarket.
The Georgian City of Lancaster is 12.3 miles distant where you'll find the University, Morecambe College and the Royal Lancaster Infirmary.
In terms of easy access to great local countryside, you are surrounded!
Set in the gently undulating Lune Valley, there is the neighbouring National Landscape of the Forest of Bowland and the National Parks of the Yorkshire Dales and Lake District, so for those who like to spend time outdoors, the area provides a stunningly scenic natural playground.
Viewings are strictly by appointment only with the selling agents.
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
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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
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FAQ
About Barn 3, Spout Lane, Wennington, LA2 8NX
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