Thorney How in Grasmere is listed for £1.25million.
The Grade II listed hostel has 15 bedrooms, four reception rooms and two bathrooms.
A listing by estate agents Hackney and Leigh said: « If you have ever dreamt of a lifestyle change which allows you to both be your own boss and live in superb surroundings in the English Lake District, then this unique opportunity might just fit the bill perfectly.
« Award winning Thorney How is a wonderfully adaptable property providing both bed and breakfast and hostel style accommodation alongside lovely owners accommodation and includes a bar/restaurant with immense potential. »