Worst House on the Street Logo
The Shieling, Humshaugh, Hexham, Northumberland, NE46 - Image 1
The Shieling, Humshaugh, Hexham, Northumberland, NE46 - Image 2
The Shieling, Humshaugh, Hexham, Northumberland, NE46 - Image 3
The Shieling, Humshaugh, Hexham, Northumberland, NE46 - Image 4
The Shieling, Humshaugh, Hexham, Northumberland, NE46 - Image 5

The Shieling, Humshaugh, Hexham, Northumberland, NE46

North East

£650,000
Listed on 29/06/2024

Property Details

Bedrooms
5
Type
Detached house
Area
1668 sqft

Description

This property presents a unique opportunity for those interested in renovation and investment within the charming village of Humshaugh. The site currently comprises a bungalow, which offers significant potential for redevelopment. With existing planning permissions in place, there are options for creating two distinctive new homes—one at each end of the plot. The northern section has approval to demolish the existing structure and replace it with a new detached house that includes an annex and integral garage. Meanwhile, the southern section allows for either a new standalone house with a detached garage or another design featuring an integral garage. Set on approximately 0.5 acres, the generous dimensions of this site provide ample room for creative architectural solutions. Each proposed dwelling is positioned to take advantage of stunning views across the Tyne Valley, making this not only a practical choice for developers but also an appealing one for potential homeowners seeking a custom-built residence. The location itself enhances the investment appeal. Humshaugh is nestled amid picturesque countryside and is close to Northumberland National Park, making it suitable for both year-round living and holiday rentals. The village is equipped with essential amenities including a local shop, pub, parish church, primary school, and doctors' surgery. Just over four miles away lies Hexham, a historic market town with diverse shopping options, dining establishments, leisure facilities such as golf courses, and outstanding educational institutions ranging from primary through secondary levels. Accessibility is another strong point of this site; conveniently located near the A69 corridor provides swift connections to surrounding towns and attractions. Further afield, Newcastle city center offers extensive cultural and recreational amenities while being easily reachable via public transport or major roadways like the A1 and M6. With mains water and electricity already established on-site along with excellent broadband availability (though not yet connected), this property represents an enticing blank canvas for savvy investors or self-builders looking to maximize efficiency with modern construction methods while integrating contemporary finishes. This development opportunity in Humshaugh stands out not just due to its immediate potential but also because of its desirable location—ideal for those who appreciate both lifestyle benefits and future growth prospects in real estate.

Investment Analysis

(NE46 area)

Above Market Value

This property is priced +54.7% above area average per sq ft

+54.7%
This Property
£390/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£235
Avg Yield
3.2%

Renovation Potential

Est. Renovation Cost
£65,000 - £162,500
10-25% of property value
Target Value
£462,186
10% above area average per sq ft
Potential ROI
-43.1%
After renovation
Monthly Sales
10
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (NE46)

Area prices are stable by +0.9% over the last 12 months
3 year growth: 6.6%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on NE46 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

The Shieling, Humshaugh, Hexham, Northumberland, NE46
Map showing location of The Shieling, Humshaugh, Hexham, Northumberland, NE46
Open Map