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Thornleygate, Allendale, Northumberland, NE47

North East

£195,000
Listed on 30/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling opportunity for both small developers and individual buyers looking to invest in a desirable rural setting. Situated in a picturesque area, the plot comes with detailed planning permission (application number 23/03589/FUL) for the construction of a spacious detached four-bedroom family home. This allows prospective owners to embark on their own bespoke project, tailoring the residence to modern living needs. In addition to the primary building plot, there is an option to negotiate for an additional paddock located at the front of the property. While this land is currently classified as agricultural, it holds potential for future use as garden space, subject to obtaining the necessary planning permissions. The freehold status of the land further enhances its appeal as an investment opportunity. The proposed accommodation layout includes a welcoming entrance portico leading into a hallway, along with essential utility and boot rooms and a conveniently placed downstairs toilet. The design features an open-plan family dining kitchen along with a generous living/dining room that boasts both a bay window and bi-folding doors for easy access to outdoor spaces. Upstairs, residents will find a principal bedroom suite complete with en-suite facilities, three additional bedrooms, and a main family bathroom. Furthermore, there’s potential for extra living space or an office above the garage. Accessibility is enhanced by a private driveway that leads directly into the property. Interested parties are encouraged to explore further details on the Northumberland County Council planning website to gain deeper insights into what this plot has to offer. As with any development project, it is advisable for interested purchasers to investigate service availability and associated connection costs prior to proceeding. Please note that this property will be sold freehold, providing clarity on ownership and long-term investment value.

Investment Analysis

(NE47 area)
Area Average
£227/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £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

Thornleygate, Allendale, 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
£714
Based on a loan of £146,250 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