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Development Site, Nethertown, CA22 - Image 1
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Development Site, Nethertown, CA22

North East

£240,000
Listed on 18/05/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

Town Head Farm Development presents a significant opportunity for those looking to invest in property with renovation potential. This site comes with full planning permission granted (number 4/22/2441/0F1) for the transformation of existing barns into three residential units, offering a blank canvas for creative redevelopment. Nestled within walking distance of the coastline, this location benefits from both the charm of seaside living and proximity to the stunning Lake District National Park. The surrounding area is known for its natural beauty and recreational activities, making it an attractive spot for future residents or vacation rentals. The property is being offered as a single lot under Private Treaty. Interested parties are encouraged to arrange a viewing and register their interest with the selling agents afterward, as there may be a closing date set for offers. Essential services such as electricity and water are conveniently located nearby, allowing prospective buyers to assess the capacity of local utilities before making any decisions. Additionally, the freehold interest will be available with vacant possession upon completion, providing flexibility for new owners to begin renovations immediately. As demand continues to rise in this desirable area, investing here not only makes sense from a development perspective but also taps into a growing market for quality housing. For further details or architectural information regarding the approved plans, interested buyers can reach out directly to the designated agents. This is an opportunity not to be overlooked by those keen on capitalizing on burgeoning property developments in picturesque settings.

Investment Analysis

(CA22 area)
Area Average
£137/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
38%
Properties sold annually

Local Market Trend (CA22)

Area prices are rising by +10.6% over the last 12 months
3 year growth: 8.8%
5 year growth: 29.7%
Investment Disclaimer: Analysis based on CA22 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Development Site, Nethertown, CA22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE