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Townfoot, Alston CA9

North East

£265,000
Listed on 21/01/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2292 sqft

Description

This four-storey Georgian townhouse is nestled in the historic town of Alston, offering a blend of traditional charm and modern potential. With four bedrooms and generous living spaces, the property retains several original architectural features, such as ceiling roses, cornices, picture rails, and stone-flagged floors, creating a characterful backdrop for its future renovation. The layout of the home includes multiple levels and distinct areas suitable for customization. The expansive kitchen/dining area features a newly installed gas combi boiler and retains its original wooden flooring. This space opens directly onto a garden terrace that provides far-reaching views over the Tyne Willows public playing fields and the surrounding countryside—an attractive setting for outdoor enjoyment or further development. The lower ground floor includes a sizable workshop/cellar with access to two storerooms, one of which could be converted back into a bathroom. This flexibility enhances the investment appeal, allowing for modifications that can increase both functionality and value. The attic space currently serves as a studio but presents opportunities for transformation into an additional bedroom with en suite facilities. The first floor accommodates three well-sized bedrooms, one complete with its own en suite bath. Each room benefits from natural light flowing through large windows and offers unique views of the picturesque surroundings. Additional land at the bottom of the garden is available for rent at a nominal fee, with potential to purchase in the future—this could provide extra outdoor space or even expansion opportunities. Situated in Alston—a market town recognized for its scenic beauty—the property is close to local amenities such as shops and schools catering to various age groups. The area is known for its rich history and community spirit, making it not only a viable investment but also an inviting place to call home. This property promises significant renovation potential while retaining its historical charm in an appealing location ripe for revitalization.

Investment Analysis

(CA9 area)

Below Market Value

This property is priced -38.2% below area average per sq ft

-38.2%
Potential saving
This Property
£116/sq ft
Area Average
£187/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£471,843
10% above area average per sq ft
Potential ROI
+29.3%
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

Townfoot, 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
£971
Based on a loan of £198,750 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