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Lynesack, Butterknowle

North East

£695,000
Listed on 29/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
1852 sqft

Description

The Old School House presents an exceptional opportunity for renovation enthusiasts and investors alike. Originally constructed in the 1850s, this five-bedroom detached residence is steeped in history, having served as a village school until the mid-20th century. The property boasts a unique layout with a separate annexe that offers potential for multi-generational living or rental income, alongside outbuildings that could be repurposed as Air BnB accommodations or commercial spaces (subject to appropriate planning permissions). Sitting on expansive grounds featuring two private paddocks, an orchard, and scenic views of the surrounding countryside, this property is ideal for those seeking both space and charm. Internally, while the home retains several original features such as stained glass windows and open fireplaces, it also requires modernization to fully realize its potential. The main living areas include spacious rooms with natural light flooding through large windows; however, updates are needed to align the kitchen and bathrooms with contemporary standards. The external areas provide ample possibilities for landscaping and outdoor hosting, further enhancing the home's appeal. Strategically located within Lynesack village and close to local amenities including healthcare and education facilities, this property also benefits from good transport links to larger towns like Bishop Auckland and Barnard Castle. With its combination of character and flexibility, The Old School House is ripe for transformation into a stunning family home or lucrative rental venture.

Investment Analysis

(DL13 area)

Above Market Value

This property is priced +104.7% above area average per sq ft

+104.7%
This Property
£375/sq ft
Area Average
£183/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£70,000 - £120,000
Target Value
£373,419
10% above area average per sq ft
Potential ROI
-54.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (DL13)

Area prices are falling by +12.6% over the last 12 months
3 year growth: -11.2%
5 year growth: -2.9%
Investment Disclaimer: Analysis based on DL13 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

Lynesack, Butterknowle
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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
£2,546
Based on a loan of £521,250 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