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Comb Hill, Haltwhistle, Northumberland, NE49 - Image 1
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Comb Hill, Haltwhistle, Northumberland, NE49

North East

£395,000
Listed on 18/09/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site presents a prime opportunity for investors looking to capitalize on the growing demand for residential properties. Boasting full planning permission (ref:21/03827/FUL), the site spans approximately 0.42 hectares (1.05 acres) and is ideally located on the edge of Haltwhistle, just 0.5 miles from the marketplace. Its elevated position affords breathtaking views across the South Tyne Valley, making it an attractive proposition for future homeowners. The approved plans include converting existing agricultural structures into five residential units: a four-bedroom detached home, two three-bedroom detached houses, and two four-bedroom semi-detached homes. Each unit will feature generous garden spaces alongside ample parking provisions, offering plenty of potential for outdoor living. While the current proposal focuses on barn conversions with a character-rich yet modern finish, there is room for further expansion or alteration of plans—allowing savvy developers to explore additional opportunities without compromising on valuable amenity space. Accessible directly from the public highway and characterized by flat terrain, this site is well-equipped with existing mains water and electricity supplies, while drainage facilities are currently excellent. The vendor's intention to retain certain rights of access adds flexibility during development discussions. With numerous local amenities in Haltwhistle—including shops, healthcare services, and recreational areas—the location also benefits from excellent transport links via bus and train to major nearby cities like Newcastle and Carlisle. Furthermore, proximity to Hadrian's Wall enhances its appeal for those interested in leisure activities amidst stunning landscapes. Overall, this property represents a substantial investment opportunity with significant potential for value appreciation in a desirable area.

Investment Analysis

(NE49 area)
Area Average
£152/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (NE49)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 2.6%
5 year growth: 27.7%
Investment Disclaimer: Analysis based on NE49 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

Comb Hill, Haltwhistle, Northumberland, NE49
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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
£1,447
Based on a loan of £296,250 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