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Market Place, Alston CA9 - Image 1
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Market Place, Alston CA9

North East

£195,000
Listed on 21/01/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
678 sqft

Description

This property features a ground floor commercial space paired with a first and second floor residential flat, creating a unique opportunity for renovation or investment in the heart of Alston. The shop area measures approximately 5.34m x 4.72m and boasts two sliding sash windows at the rear, along with prominent front-facing windows that overlook the street. Situated directly across from the local chemist and near the Market Cross, this location benefits from high foot traffic and ample free parking nearby. The shop's interior includes original wooden flooring, access to a cellar, and a charming cast iron fireplace. A small kitchenette provides essential amenities with new fixtures, while a separate cloakroom offers additional convenience for both employees and customers. Access to the residential flat is gained via original bastille stone steps leading to an entrance hall filled with character, featuring Victorian wood doors and traditional skirting. The open plan living space (approximately 5.00m x 4.34m) is highlighted by an original bay window that frames views of the market cross. This versatile area includes a fitted kitchen with marble-effect worktops and modern appliances alongside historical details like an original cast iron working fire. The flat continues onto the second floor via an elegant wooden staircase where you'll find two bedrooms offering potential for customization and improvement: one generous double bedroom (3.48m x 4.75m) with charming features such as an open fireplace, and another slightly smaller room (3.05m x 2.93m) both easily adaptable for various uses. This property also includes a single garage situated conveniently across from the main building, adding further functionality for both residential or commercial purposes. Alston itself is celebrated as England's highest market town within the North Pennines Area of Outstanding Natural Beauty, providing attractive surroundings and potential long-term growth opportunities due to its picturesque appeal and tourism potential. Local amenities are abundant including shops, cafes, museums, as well as easy access to scenic walking routes—ideal for those seeking an engaging community atmosphere while investing in real estate. Overall, this property presents a promising canvas for investors or renovators looking to capitalize on its central location and diverse functional spaces in a charming market setting.

Investment Analysis

(CA9 area)

Above Market Value

This property is priced +53.7% above area average per sq ft

+53.7%
This Property
£288/sq ft
Area Average
£187/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£139,576
10% above area average per sq ft
Potential ROI
-40.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
3
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (CA9)

Area prices are falling by +30.6% over the last 12 months
3 year growth: -26.5%
5 year growth: 2.5%
Investment Disclaimer: Analysis based on CA9 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

Market Place, Alston CA9
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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
£714
Based on a loan of £146,250 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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