Lot 1 Foldgate Farm, Corney LA19

Lot 1 Foldgate Farm, Corney LA19

11 Bedroom | Outbuildings

Guide price £1,325,000
Bootle 2.2 miles
Ravenglass 3.5 miles
Muncaster Mill 3.9 miles

Foldgate Farm provides a traditional farmhouse with converted barn, stables and modern barns. A useful lifestyle property, with versatile buildings to enable all manner of uses.

Foldgate Farm comprises a generous classic Lakeland farmhouse with a separate, sympathetically converted, traditional barn set in the centre of the holding.

The farm nestles under the western slopes of Corney Fell, which is well noted for its Bronze Age farming activities in the Lake District National Park yet is only a few miles away from the sweeping west coast beaches.

The Property

Foldgate Farmhouse
A traditional farmhouse comprising a wealth of original features.

The ground floor comprises a large kitchen diner, with exposed stonework and timber beams. There are a range of wall and base units with ample room for dining. There are two separate sitting rooms, one accommodating an open fire and the second a woodburning stove. Completing the ground floor accommodation is the utility room which houses the oil-fired boiler and hot water cylinder with a door leading out to the rear, together with a ground floor shower room/toilet.

To the first floor are four well proportioned double bedrooms, three of which have the benefit of the use of the spacious family bathroom.

The master bedroom is complete with en-suite shower room, walk-in storage and a door leads to the raised decking area to the rear of the property, offering a peaceful view over the fields.

To the second floor is the light and airy fifth bedroom with en-suite shower room.

Foldgate Barn
Historically a working bank barn, Foldgate Barn was sympathetically converted in 2005.

To the ground floor is a large one bedroom flat with separate shower and bathroom and an open plan kitchen/ living/dining space. To the rear corner is a large utility room, which services the whole barn.

To the first and second floors is a five bedroom house, with a sweeping wooden staircase turning through its centre. A large open plan kitchen, dining and sitting area make up the first floor, with two bedrooms, one with ensuite bathroom, off and three further en-suite bedrooms and a sitting area to the second floor.

With a further connecting staircase between the ground floor and first floor, the Barn could easily be a single, three storey residence if required.

The Barn offers great flexibility either as a permanent residence or for letting either to the residential or holiday let markets.

To date, both the Farmhouse and the Barn have formed part of a successful holiday letting business.

The current owners reach retirement age in 2025, and this is the reason for selling the business. Currently the property is let through Cottages.com who confirm the properties are in great demand from their customers. The gross income per week for high season is £1798, mid is £1559 and low is £1079.

Obviously, the above should be used as a guideline only and cannot be guaranteed. However, based on experience and real statistical data, Cottages.com feel they have given an honest estimated potential income for this property.

Should buyers wish to offer the property using AirBnb, higher incomes can result. For example, in high season, £400 per night.

It should be noted, the owners are happy to work with the buyers for the first three months following sale, to transition the business, and be available to respond to any enquiries.

Should buyers not wish to live on site, the current local caretaker is happy to be retained for changeover work and building security.

Should the owners wish to live on site however, the ground floor of the Barn offers a self-contained apartment with own entrance. Alternatively, this could be offered as an additional property to let.

Externally

Building 1 (18.12m x 13.13m) is of steel portal framed construction with corrugated sheet metal walls and roof. This is currently used for storage, albeit retains original cattle cubicles and feed barriers, therefore easily reused for livestock housing.

Building 2 (19.82m x 8.56m) is of timber construction with corrugated sheet metal roof equally lends itself to both agricultural or non-agricultural use.

Stable Block (16.83m x 5.19m) of stone under slate construction facing southwest towards the Barn, which provides four useful stables.

The Lake District National Park confirmed that they would not be against the stables being converted into further holiday let premises.

Tenure & Possession
Freehold with vacant possession on completion.

Basic Payment Scheme
There are no BPS entitlements on the land.

Environmental Schemes
There are no environmental schemes on the land.

Fixtures & Fittings
Hot tubs and AGAs are available to purchase by separate negotiation.

Services
Private borehole water supply on site. Mains electricity. Oil fired central heating. Private drainage via biodigester septic tank.

Wayleaves Easements & Rights of Way
The property is being sold subject to, and with the benefit of, all rights including rights of way, whether public or private, light, sport, drainage, water and electricity supplies and other rights and obligations, easements and quasi-easements and restrictive covenants and all existing proposed wayleaves for masts, pylons, stays, cables, drains, water and gas and other pipes whether referred to in these particulars or not.

A public footpath runs through Lot 1. More information can be obtained on request.

Health & Safety
Please wear appropriate footwear for walking the land and be aware that large horses may be grazing it. Surfaces both inside and outside may be slippery or uneven, therefore please take care. There are some low beams in Foldgate Barn, which will require all visitors to duck.

VAT
The sale of this property will not be liable for VAT.

Sporting Timber & Mineral Rights
The Sporting, Timber and Mineral rights are included in the sale so far as they are owned.

EPC Ratings
Farmhouse – Band C
Barn – Band C

Local Authorities
Cumberland Council: https://www.cumberland.gov.uk/
Lake District National Park: https://www.lakedistrict.gov.uk/

Viewings
Strictly by appointment only through Carter Jonas, Kendal, as paying guests may be occupying the property.

The next steps...

Before making an offer on a property you will want to consider your financial situation, your income and outgoings.

Will you finance the purchase of your next property from the sale of an existing property which can put you in a chain, arrange a mortgage through your bank or buy the property outright.
 
To help you finance your next property purchase, we have a long established relationship with an independent mortgage broker who can discuss your situation with you.

Remember that having a 'mortgage decision in principle' can make you a more attractive buyer when you make an offer on a property. Contact our mortgage advisers for free, no obligation and impartial advice.
 
Some advantages of a broker are:

  • They do all the legwork for you, working on your behalf with the lender
  • They compare wholesale mortgage rates from a large number of banks and lenders all at once
  • Wholesale interest rates can be lower than retail (bank branch) interest rates
  • You get more loan options because they work with numerous banks and lenders
  • Brokers can finance tricky deals because of their knowledge and various lending partners
  • Are typically easier to get in contact with, less bureaucratic.

However with your bank maybe able to:

  • Build off existing relationship (discounts if you have a checking/saving account)
  • You may already know the banker who will handle your mortgage
  • Perhaps more trustworthy, more accountable than a smaller shop
  • Lower interest rates in some cases
  • Ability to add mortgage to existing banking profile and make automatic payments from linked account.

When it comes to making an offer on a property a bit of negotiation is to be expected, however don't offer so little that you end up in a lengthy negotiation process, as you might lose the property altogether if someone else makes a higher bid.

If other offers have been made on a property we aren't legally able to tell you what they are, but we may indicate if they were close to the asking price.


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Combined with over 150 years of experience and one of the highest customer satisfaction scores in the industry, Carter Jonas is the perfect property partner.

Why not book a free, no obligation valuation of your property and find out how
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When you see a property you are interested in on our website, call us 24/7 to arrange a viewing. Or if you prefer, get in touch via our website and we will call you back to find a time to view the property that suits you.

Key property details
Additional attributes
Outbuildings Land/Paddock
Locality
Rural
Carter Jonas reference
KER230020
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