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North Brunton, Tyne and Wear, NE13 - Image 1
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North Brunton, Tyne and Wear, NE13

North East

£1,300,000
Listed on 04/02/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for healthcare development within the rapidly growing Newcastle Great Park area of Tyne and Wear. Spanning approximately 1.3 acres (0.52 hectares), this site is strategically positioned on the edge of a newly planned town center, which will soon feature essential amenities including a supermarket, a first school, nursery, and community sports facilities. Located just 3 miles northwest of Gosforth and 5 miles from Newcastle city center, Newcastle Great Park is gaining traction as a desirable suburban location. It is also conveniently situated near Newcastle International Airport and has easy access to Cramlington, enhancing its appeal for both residents and businesses. As per the local planning guidelines, this parcel of land is designated for healthcare purposes and offers the potential for constructing up to approximately 1440 square meters of medical facility space. The surrounding developments are expected to foster an influx of over 4,500 homes, contributing to a vibrant community with significant foot traffic—a key consideration for any healthcare investment. The site is part of the broader Newcastle Great Park master plan (reference 1999/1300/01/OUT), providing assurance that it aligns with future development goals set by local authorities. Prospective buyers can rely on our planning team’s expertise to navigate any necessary applications or proposals. The freehold sale also guarantees vacant possession upon completion, offering flexibility for immediate development activities. As this area continues to evolve with more residential and commercial offerings planned in subsequent phases, investing in this property could yield substantial long-term returns. For further details or inquiries regarding viewing arrangements, please reach out directly.

Investment Analysis

(NE13 area)
Area Average
£244/sq ft
Avg Rent (weekly)
£278
Avg Yield
5.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
21
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (NE13)

Area prices are rising by +2.6% over the last 12 months
3 year growth: -1.3%
5 year growth: 2.9%
Investment Disclaimer: Analysis based on NE13 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

North Brunton, Tyne and Wear, NE13
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£4,762
Based on a loan of £975,000 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