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Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 1
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Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 4
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 5
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 6
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 7
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 8
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 9
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 10
Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW - Image 11

Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW

North East

£240,000
Listed on 16/03/2025

Property Details

Bedrooms
6
Type
Terraced house

Description

This impressive Grade II listed property spans three stories and includes a basement, presenting a noteworthy opportunity for renovation and investment in a sought-after market town. The structure currently houses four residential flats along with a retail unit and an additional workshop space, totaling approximately 216.6 square meters (2,332 square feet) of usable area. Two of the flats are already tenanted, offering immediate rental income, while the other units are unoccupied, paving the way for potential revenue growth through leasing or refurbishment. The layout supports flexible use and could be further optimized to meet current housing demands. Despite its historical charm, the property requires significant renovation and modernization. This aspect not only allows for customization to suit various tenant needs but also enhances its long-term value in an affluent area known for steady investment returns. Its location within the town positions it favorably for both residential and commercial prospects as demand continues to rise. For investors or developers aiming to create a profitable venture through strategic enhancements, this property stands out as a viable candidate with considerable upside potential.

Investment Analysis

(NE66 area)
Area Average
£259/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
14%
Properties sold annually

Local Market Trend (NE66)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 8.1%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on NE66 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

Fenkle Street & 2 Blacks Buildings, Alnwick, Northumberland, NE66 1HW
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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
£879
Based on a loan of £180,000 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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