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The Butts, Alston CA9

North East

£60,000
Listed on 04/10/2025

Property Details

Bedrooms
1
Type
Detached house
Area
333 sqft

Description

Nestled in a charming hamlet within Alston, this one-bedroom cottage offers significant potential for renovation and investment. Known as Carriage Cottage, the property presents a unique opportunity to create a personalized living space while maintaining its traditional character. Upon entering through the UPVC double-glazed door, you'll find an open-plan living room and kitchen area that is spacious and filled with natural light from windows on two sides. The kitchen is equipped with floor and wall cabinets, a composite sink with drainer, and ample space for essential appliances, including an electric cooker. The existing electric fire adds warmth to the room, complemented by rustic wood beams overhead that enhance the cottage's charm. The internal layout flows seamlessly into a passageway that leads to the bedroom and shower room. The generously sized double bedroom features another UPVC window, providing additional light and views of the surrounding area. This space could easily be updated or reconfigured to suit contemporary tastes. The shower room includes essential fittings such as a shower cubicle with an electric power shower, WC, and pedestal sink. While functional as is, there’s plenty of scope for modernization that could increase both comfort and value. Externally, Carriage Cottage can be accessed via an archway in The Butts. A small front area offers the perfect spot for outdoor seating or gardening pursuits. This private setting enhances its appeal while being conveniently located near local amenities. This property is leasehold with approximately 585 years remaining on the lease. Additionally, there are possibilities for investment through acquisitions of managing entities associated with it. Alston itself is steeped in history and situated within the North Pennines Area of Outstanding Natural Beauty. The town boasts several attractions such as scenic walks over fells and riversides, local craft shops selling artisan goods, and two ski slopes nearby at Yad Moss and Allenheads. With easy access to larger towns like Penrith and Hexham as well as the breathtaking landscapes of the Lake District just a short drive away, this location provides both tranquility and connectivity. Overall, Carriage Cottage represents not only a cozy dwelling but also a canvas for creativity—ideal for those looking to invest in property with potential for revitalization while enjoying life in one of England's most picturesque settings.

Investment Analysis

(CA9 area)

Below Market Value

This property is priced -3.7% below area average per sq ft

-3.7%
Potential saving
This Property
£180/sq ft
Area Average
£187/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£5,000 - £10,000
Target Value
£68,553
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

The Butts, 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
£220
Based on a loan of £45,000 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