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Morpeth NE61

North East

£800,000

Listed on 26/04/2025

Property Details

Bedrooms
6
Type
Detached House
Area
4540 sqft

Description

This expansive detached farmhouse presents a significant opportunity for renovation and investment, featuring nearly 4,500 square feet of versatile living space set within approximately 2.5 acres of lush grounds. With six spacious bedrooms and an array of four reception rooms, the property is ideally suited for both family living and potential rental income. The open-plan kitchen/diner provides a central hub for entertaining, while the adjoining conservatory offers sweeping views over the gardens, making it a perfect space to incorporate modern updates. The layout includes two family bathrooms and a separate shower room, with en-suite facilities in the principal suite. The large outbuildings on site provide further development potential (subject to planning), ideally positioned to create additional living spaces or holiday rentals. Located just five miles from Morpeth and within easy reach of Northumberland's scenic coastline, this property combines rural charm with investment possibilities. While the interior retains period features such as exposed beams and traditional fireplaces, it invites modernisation to enhance its appeal and functionality. This unique asset is not just a home; it is a canvas for creative renovation efforts that could significantly increase its market value.

Investment Analysis

(NE61 area)

Below Market Value

This property is priced -27.6% below area average per sq ft

-27.6%
Potential saving
This Property
£176/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£231
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£1,216,039
10% above area average per sq ft
Potential ROI
+32.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
36
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (NE61)

Area prices are stable by +1.7% over the last 12 months
3 year growth: +12.3%
5 year growth: +11.0%
Investment Disclaimer: Analysis based on NE61 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

Morpeth NE61
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£3,022
Based on a loan of £600,000 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-5.9% since listed
£800,000£50,000(-5.9%)
06/06/2026
Current price
£850,000Initial listing
26/04/2025

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