Summary - WILLOWSMERE COTTAGE AMBLESIDE ROAD WINDERMERE LA23 1ES
1 bed 1 bath Hospitality
Substantial Victorian plot with full planning for seven flats and strong GDV potential.
Freehold Victorian property with 500 sq/m internal area
A substantial Victorian property in Windermere with full planning consent and clear development upside. Willowsmere offers 500 sq/m of existing internal space, freehold ownership and parking for up to 17 cars on a very large 0.25-acre plot, making it an attractive developers’ opportunity in the Lake District National Park. Current approvals cover conversion options: either two houses or seven self-contained flats; a neighbouring plot (subject to separate purchase) could double the site to 0.5 acre and add further built area.
Projected numbers are strong: advertised GDV is £3.5m (c. £8,000/sq m local benchmark) with a stated 25% ROI and potential to rise if the adjacent land is acquired. The property retains period character—high ceilings, large rooms and mature gardens—offering appeal for higher-value apartments or family homes aimed at the village and tourist market. It sits close to local schools, transport links and leisure amenities within an affluent, ageing rural neighbourhood.
Practical considerations are straightforward but important. Full planning is granted for the conversions listed, but the site sits inside a National Park where any extension or further development would be subject to stricter controls. Broadband speeds are reported slow, and the property is currently presented as a hospitality facility so conversion and fit-out costs will be required to achieve the approved uses. Flood risk is nil and mobile signal is excellent.
This is a clear specialist opportunity for developers or investors able to manage conversion works and local planning constraints. The freehold, parking capacity and mature setting provide genuine value drivers; budget for refurbishment, fit-out and potential additional land acquisition to unlock maximum GDV.
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