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Coalburns, Greenside

North East

£450,000
Listed on 24/03/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Nestled in the tranquil hamlet of Coalburns, just a stone’s throw from Greenside, this charming stone-built cottage presents a unique opportunity for renovation and investment. The property features three spacious bedrooms, offering ample living space that can be tailored to modern preferences. Upon entering, you are greeted by an inviting entrance porch and hallway that lead to a convenient downstairs WC. The heart of the home is the generously sized kitchen, recently updated with a central island, complemented by a separate utility room for added practicality. A large living room boasts a striking stone Inglenook fireplace fitted with a log-burning stove, creating a cozy atmosphere for gatherings. Adjoining this space is a well-proportioned conservatory that invites natural light and connects seamlessly to the living area. The upper level accommodates a master bedroom complete with an en-suite shower room, alongside two additional double bedrooms and a family bathroom featuring a four-piece suite. Each room holds potential for further enhancements or reconfiguration to maximize functionality. Externally, the property benefits from expansive gardens that not only provide private outdoor space but also present possibilities for development subject to obtaining the necessary planning permissions. The detached garage at the rear adds practical storage solutions, while parking is conveniently available at the front of the property. With no onward chain, this residence stands as an appealing prospect for those seeking to invest in an area with growth potential. Whether you're looking to modernize the interiors or explore development options within the generous garden space, this cottage offers diverse opportunities in a serene rural setting.

Investment Analysis

(NE40 area)
Area Average
£205/sq ft

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £25,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (NE40)

Area prices are falling by +4.4% over the last 12 months
3 year growth: 0.8%
5 year growth: 7.2%
Investment Disclaimer: Analysis based on NE40 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

Coalburns, Greenside
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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
£1,648
Based on a loan of £337,500 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