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Runnymede Road, Darras Hall, Ponteland - Image 1
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Runnymede Road, Darras Hall, Ponteland - Image 5

Runnymede Road, Darras Hall, Ponteland

North East

£650,000
Listed on 05/04/2025

Property Details

Bedrooms
6
Type
Detached house
Area
2486 sqft

Description

This property presents a unique development opportunity located on Runnymede Road. The site currently features a dormer bungalow set on a generous 0.25-acre plot, which has been granted planning permission for the construction of a new three-storey, six-bedroom residence. Potential buyers should be prepared for the demolition of the existing structure as part of the redevelopment process. Nestled at the village end of Runnymede Road, this location benefits from close proximity to Ponteland's strong amenities, including quality schools, retail options like Waitrose, and a variety of local dining establishments and sports clubs such as golf, rugby, football, cricket, bowls, and tennis.

Investment Analysis

(NE20 area)

Below Market Value

This property is priced -16.3% below area average per sq ft

-16.3%
Potential saving
This Property
£261/sq ft
Area Average
£312/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£854,426
10% above area average per sq ft
Potential ROI
-5.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
17%
Properties sold annually

Local Market Trend (NE20)

Area prices are falling by -6.7% over the last 12 months
3 year growth: -5.3%
5 year growth: +13.4%
Investment Disclaimer: Analysis based on NE20 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

Runnymede Road, Darras Hall, Ponteland
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,344
Based on a loan of £487,500 over 30 years at 4.06% 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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