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Old Row, Greenhead CA8

North East

£124,950
Listed on 18/03/2025

Property Details

Bedrooms
2
Type
Detached house
Area
710 sqft

Description

This charming stone-built cottage offers a unique opportunity for renovation and investment, featuring two bedrooms and a versatile layout that can be adapted to suit a variety of living arrangements. The property includes a front yard and a rear garden, ideal for outdoor relaxation or potential landscaping enhancements. Additionally, there is a coal store and shared outbuilding that can serve various purposes. Recently refurbished, the interior maintains its original character while incorporating modern finishes. The kitchen is designed with essential amenities and presents the potential for further upgrades, such as creating space for additional appliances. The spacious living room boasts a beautiful stone feature wall and wood beams, enhancing its warm ambiance while remaining conducive to personalization. One of the notable features is the flexible use of the second bedroom, which can easily function as either an additional bedroom or dining area—offering options depending on your needs. The bathroom has been updated with contemporary fixtures that include a walk-in electric shower. Furthermore, the master bedroom has ample space for larger furnishings and includes an ensuite that could benefit from minor modifications. Externally, the south-facing front yard provides an inviting entrance, while the rear garden showcases various plants—perfectly suitable for anyone looking to cultivate their green thumb or create an outdoor retreat. The convenience of off-street parking adds to its appeal. Situated in the scenic hamlet of Bankfoot, this property benefits from proximity to local amenities, including Blenkinsopp Castle Inn which offers quality food options. The location also allows easy access to public transport links and main roads for commuting to nearby towns such as Haltwhistle and Brampton. For investors or those considering it as a second home or holiday rental, this cottage has previously operated successfully as a holiday let and is registered for zero-rated business rates. With no onward chain, this property presents an excellent opportunity to explore its renovation potential in a picturesque rural setting. The surrounding area provides endless opportunities for outdoor activities given its proximity to nature trails and historical sites like Hadrian’s Wall. Whether you’re seeking a peaceful retreat or looking to invest in a property with growth potential, this cottage embodies both charm and promise.

Investment Analysis

(CA8 area)

Below Market Value

This property is priced -21.2% below area average per sq ft

-21.2%
Potential saving
This Property
£176/sq ft
Area Average
£223/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£174,397
10% above area average per sq ft
Potential ROI
+29.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (CA8)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -1.4%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on CA8 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

Old Row, Greenhead CA8
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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
£458
Based on a loan of £93,712 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