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Tow House, Hexham, Northumberland, NE47 - Image 1
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Tow House, Hexham, Northumberland, NE47

North East

£185,000
Listed on 28/11/2024

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique renovation and investment opportunity in the picturesque hamlet of Tow House, Bardon Mill. Spanning approximately 0.689 acres, the site has obtained planning permission for the construction of two four-bedroom residential homes, each featuring garages, driveway parking, and spacious gardens. Situated just north of The Forge in Tow House, this location offers a blend of rural charm and community spirit. The village is well-equipped with essential amenities, including a village hall, an activity park, a public house, and a local store that also serves as a coffee shop. Families will appreciate the proximity to a first school with nursery facilities nearby. Accessibility is another strong point of this property; it is conveniently located near the A69 corridor which connects Newcastle to the east and Carlisle to the west. The Bardon Mill railway station provides reliable cross-country services for commuting or leisure travel. For more extensive shopping and recreation options, Haydon Bridge is just a short distance away, while Haltwhistle—approximately four miles from the property—offers supermarkets and additional amenities. The surrounding landscape is rich in natural beauty, ideal for walking and outdoor activities. Proximity to Hadrian's Wall country and Northumberland National Park further enhances its appeal as an investment site where potential homeowners can enjoy both tranquility and adventure. In terms of development logistics, mains water and electricity connections are reported to be available nearby. Interested parties are encouraged to assess these services' capacity relative to their development plans. Planning permission details can be verified through Northumberland County Council under reference number 21/01074/REM. For those considering this investment potential or seeking more information on viewing arrangements, appointments can be made through YoungsRPS in Hexham.

Investment Analysis

(NE47 area)
Area Average
£227/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
6
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (NE47)

Area prices are falling by +20.2% over the last 12 months
3 year growth: -7.9%
5 year growth: 14.1%
Investment Disclaimer: Analysis based on NE47 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

Tow House, Hexham, Northumberland, NE47
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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
£678
Based on a loan of £138,750 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