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8 bedroom detached house for sale

Old Water View, Patterdale, Penrith, Cumbria

Sold STC £795,000

Property Description

Key features

  • 8 Bedrooms (6 Lettings and 2 Owners)
  • Main Entrance
  • 2 Dining Rooms
  • Bar
  • Laundry
  • Store Room
  • Lobby
  • Kitchen
  • Bathroom
  • Detached Owners Accommodation

Full description

Tenure: Freehold

Enjoying an elevated position, overlooking the Goldrill Beck, with grounds including water frontage, surrounded by stunning scenery in the heart of one of the Lake Districts most appealing villages a rare opportunity to acquire a substantial property currently operating as a successful B&B business.

Lying at the head of the Ullswater Valley, Patterdale is surrounded by some of the finest scenery in the Lake District.

With a range of local amenities, the village has a wonderful appeal with many of the buildings being constructed from local slate and is popular with visitors and walkers on the Coast to Coast route.

Built in 1904 the property has been trading for over 100 years as a popular guesthouse and in recent years has had great success with its restaurant and licenced bar.

Located on the Coast to Coast walk the property is popular with walkers and has ample return business from the walking tour companies who pre book rooms on their clients behalf.

The property was often frequented by Alfred Wainwright who used the house as a base for preparing his guides to the Lakes Fells and latterly has featured on Julia Bradbury's Coast to Coast walking programmes.

Having been extended a number of times throughout it's lifespan the current owners have created a new owner’s accommodation unit in the grounds to increase the number of letting rooms to 6, all with ensuite, however the property would lend itself to conversion to a residential property with relative ease.

As per the Valuation Office Agency (VOA) the property has a rateable value of £9,200.

For further details on the accounts please contact our office.

The vendor informs us that since the property was built in 1904 it has never flooded. A survey report from 2007 by Peill & Co states that "Flooding is not a consideration".

From Penrith head towards Ullswater and follow the A592 through Glenridding towards Ambleside.

In Patterdale go through the village, Oldwater View is on the bend above the river.

Mains electric, oil, water and drainage are connected but have not been tested.

More information from this agent

Listing History

Added on Rightmove:
13 April 2016

Map & Street View

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