The lake itself offers many opportunities for quiet watersports such as sailing, sailboarding, fishing and cruising; while the surrounding valleys and mountains provide a wealth of walks, from short ambles to challenging hikes.

There are various points around the lake to launch sailboats and small craft, and the leisurely Ullswater Steamers operate throughout the year from Glenridding to Pooley Bridge.

Surrounding the lake there are an abundance of quiet lanes and off-road tracks for cycling and mountain biking. Mountain bikes are allowed on the many bridle paths, but not on some of the footpaths, which are narrow, environmentally sensitive, unstable or simply dangerous for cyclists. It is advisable to research your planned route thoroughly.

Ullswater also has an annual walking festival in May - a week-long opportunity to enjoy guided walks with qualified and informative knowledgeable local guides.