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Ireshopeburn, Hawkwell Head, DL13

North East

£250,000
Listed on 22/08/2024

Property Details

Bedrooms
1
Type
Barn Conversion

Description

This distinctive one-bedroom barn conversion is set against the stunning backdrop of Weardale, providing a unique opportunity for those interested in property investment and renovation. Originally a dilapidated cow shed, this home was reconstructed in 2017, with residential upgrades completed in 2022, blending modern aesthetics with historical charm. The property spans approximately 0.6 acres, boasting elevated views and well-designed outdoor spaces that harmonize with the surrounding landscape. The interior features an open-plan living area enhanced by a multifuel burner and hardwood double-glazed windows that frame breathtaking views. While the current decor showcases the flair of a resident artist, there remains ample potential for further customisation to suit individual tastes. The kitchen includes bespoke features such as handmade leather cabinet handles and custom wall tiles but could benefit from additional updates to enhance functionality. The bedroom offers serene countryside views and an ensuite wetroom that emphasises the property's character yet presents an opportunity for modernization. Outside, you will find thoughtfully landscaped gardens with seating areas, pathways through a small wooded area, and a tranquil pond—perfect for nature enthusiasts. Prospective buyers should note that while essential utilities are in place—including mains electricity and a septic tank—the spring water supply connected offsite could warrant further exploration regarding its long-term sustainability. This property serves as more than just a residence; it’s a project ripe for personalisation or may serve as an appealing short-term rental in this picturesque locale.

Investment Analysis

(DL13 area)
Area Average
£179/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DL13)

Area prices are falling by -13.1% over the last 12 months
3 year growth: -11.6%
5 year growth: -7.1%
Investment Disclaimer: Analysis based on DL13 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

Ireshopeburn, Hawkwell Head, DL13
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£885
Based on a loan of £187,500 over 30 years at 3.91% 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

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