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Lot One, Leap Mill Farm, Busty Bank, Burnopfield - Image 1
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Lot One, Leap Mill Farm, Busty Bank, Burnopfield

North East

£595,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

Presenting a unique chance to acquire a historic Grade II* listed three-bedroom farmhouse paired with an adjoining 18th Century watermill and various farm buildings, all set within a serene 3.07-acre landscape. This property, located in the village of Burnopfield near Newcastle, offers both charm and potential for creative renovation. The farmhouse retains its original character with features like exposed beams and traditional window shutters, although it requires updates for modern living. The kitchen, equipped with basic amenities, could benefit from a remodel to enhance functionality and aesthetics. Additionally, the living room's multifuel stove provides heating but may need supplementary systems for efficiency. The mill presents opportunities for conversion into unique living space or storage, while outbuildings such as the byre and stables await revitalisation to serve various purposes. Surrounded by grassland and woodland, this property represents an exciting investment for those looking to restore a piece of history while enjoying the tranquillity of rural life.

Investment Analysis

(NE16 area)
Area Average
£215/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
34%
Properties sold annually

Local Market Trend (NE16)

Area prices are falling by +11.3% over the last 12 months
3 year growth: 3.4%
5 year growth: 0.9%
Investment Disclaimer: Analysis based on NE16 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

Lot One, Leap Mill Farm, Busty Bank, Burnopfield
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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
£2,180
Based on a loan of £446,250 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