Bank House Barn, Matterdale End, Penrith, Cumbria

Located in this peaceful valley in the Lake District National Park, an interesting opportunity to acquire a former farmstead, comprising 3 separate cottages set around a courtyard, with an attached barn with planning for a 3 bedroom conversion, and attached land, in all circa 3.9 acres.

Positioned in this quiet and tranquil section of the Lake District National Park, yet easily accessible to Penrith, Keswick and the Ullswater Valley, with views towards Blencathra and Gowbarrow, at the head of a no through road with excellent walking and hacking from the gate, Bank House Barn is an outstanding chance to take ownership of a collection of 3 separate, 2 bedroom cottages, along with an attached barn with planning permission established for conversion to a further 4 bedroom dwelling with office space, unencumbered by any occupancy restrictions, along with adjacent land.

Of the three cottages, The Byre is currently utilised as our clients residence, with the other two properties, Lowther and Eamont, acting as a conventional holiday cottage and "Air BNB", which combined bring in a gross income in the region of £20 - 25,000 per annum. Account information available on request.

The sale of the property is for the freehold interest of the site as a whole. There is a 4th, one bedroom, property which forms part of the buildings, which was sold a number of years ago in as 999 year lease. The lease holder has rights of access and parking, along with shared use of the drainage facilities and water supply, for which they are charged accordingly. This property may be able to purchase from the current owner by separate negotiation.

Found in well maintained and presented order throughout, the sale of the property would include the majority of the contents.

Ideal as a live / work unit, or for multi-generational living, with the distinct advantage of attached enclosed land making ideal for an equestrian family, viewing is highly recommended to appreciate.

Directions
From Penrith follow the A66 towards Keswick turning left just after Penruddock to follow the signs for Matterdale. Follow this road to reach the hamlet and turn left then right after 50 metres and follow the lane up the hill to reach Bank House Barn.

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Services
LPG powered central heating with mains electric and water being connected. Neither these services nor any boilers or radiators have been tested.

Drainage is to a septic tank. Any alterations required to meet current regulations are to be the responsibility of the purchaser.

Key Information:
• Standard construction.
• We understand that broadband and mobile telephone reception are available. For an indication of speeds and supply please see the OFCOM website:
• There is private off road vehicle parking.
• The property is in the National Park
• Council Tax: Westmorland & Furness Council.
The Byre has a Band E rating, Eamont and Lowther are both banded for business rates, with a combined current rateable value (1 April 2023 to present) of £4,800, however as the property is registered under the small business rate relief scheme the cost is zero.