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Greystoke House, High Street, Rothbury, Morpeth, Northumberland - Image 1
Greystoke House, High Street, Rothbury, Morpeth, Northumberland - Image 2
Greystoke House, High Street, Rothbury, Morpeth, Northumberland - Image 3
Greystoke House, High Street, Rothbury, Morpeth, Northumberland - Image 4
Greystoke House, High Street, Rothbury, Morpeth, Northumberland - Image 5

Greystoke House, High Street, Rothbury, Morpeth, Northumberland

North East

£550,000
Listed on 15/06/2024

Property Details

Bedrooms
4
Type
Terraced house
Area
2217 sqft

Description

This double-fronted period property is situated at the western end of Rothbury's High Street, offering a tranquil setting across from the Library and Art Centre while being mere moments from the village center. The home is set on approximately a quarter of an acre, surrounded by charming stone walls that provide both privacy and character. The property presents a unique opportunity for renovation and investment, as it retains numerous original features including high ceilings, intricate cornicing, deep skirtings, elegant fireplaces, an ornate balustrade, and panelled internal doors. While some updates are needed to bring it fully into the modern era, these period elements set a strong foundation for any refurbishment plans. The layout includes a welcoming entrance hall leading to various living spaces on the ground floor: a sitting room perfect for relaxation, a dining room ideal for gatherings, and a breakfasting kitchen with potential for customization. There’s also a utility room and W.C. for added convenience. On the first floor, you will find two main bedrooms with en-suites—one featuring a dressing room—as well as two additional double bedrooms and a family bathroom. Outside, the gardens are beautifully maintained and offer stunning views from their upper reach. A garage adds practicality to this already appealing package. With its desirable location and rich architectural history, this property holds significant potential for those looking to invest in an impressive residence that can be tailored to suit personal tastes while capitalizing on its inherent charm.

Investment Analysis

(NE65 area)

Below Market Value

This property is priced -0.5% below area average per sq ft

-0.5%
Potential saving
This Property
£248/sq ft
Area Average
£249/sq ft
Avg Rent (weekly)
£222
Avg Yield
3.4%

Renovation Potential

Est. Renovation Cost
£55,000 - £137,500
10-25% of property value
Target Value
£608,212
10% above area average per sq ft
Potential ROI
-11.5%
After renovation
Monthly Sales
16
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (NE65)

Area prices are rising by +9.2% over the last 12 months
3 year growth: 13.6%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on NE65 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Greystoke House, High Street, Rothbury, Morpeth, Northumberland
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