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Garden Terrace, Lesbury, Alnwick, Northumberland

North East

£450,000
Listed on 21/10/2025

Property Details

Bedrooms
3
Type
Terraced house
Area
1622 sqft

Description

This end-terrace stone cottage offers a unique opportunity for buyers looking to invest in a property with potential in the heart of Lesbury village. With three bedrooms and a flexible layout that includes options for additional living space, this home combines charming period features with the promise of modern enhancements. The property, which has been cherished by the same family for four decades, showcases numerous original details such as inglenook fireplaces, sash windows, and internal doors that reflect its historical character. While some updating is needed, this presents an excellent chance to tailor the space to your preferences or enhance its rental appeal in a desirable coastal location. On the ground floor, you’ll find a welcoming entrance hallway leading to a spacious sitting room with an inviting stone fireplace and built-in cabinetry. Adjacent is a versatile dining area or second reception room, also featuring an inglenook fireplace and woodburning stove, providing warmth and charm. A well-sized kitchen/breakfast room awaits your personal touch, equipped with an oil-fired Aga and ample cabinetry, alongside access to practical spaces such as a laundry/shower room and workshop. Upstairs are three well-proportioned bedrooms. The primary bedroom greets you with built-in wardrobes and an intriguing stone surround fireplace. The second double bedroom carries similar styling with additional built-in storage, while the third bedroom offers cozy features like exposed beams. A bathroom that can serve as either an additional bedroom or guest suite completes this level. Externally, the property boasts a private south-facing garden at the front—ideal for outdoor entertaining or relaxing in the sun—along with access to a shared rear courtyard that provides utility space through timber sheds. Situated just moments from Alnmouth’s stunning beaches and vibrant culinary scene, Lesbury village also benefits from local amenities including a community-run shop and pub. Proximity to Alnmouth's mainline railway station ensures convenient transport links to major cities like Newcastle and beyond. With no upward chain in place, this cottage presents a compelling investment opportunity for those ready to embrace renovation while enjoying village life near the coast. The current infrastructure allows for comfortable living while enabling future enhancements that could significantly increase value in this sought-after area.

Investment Analysis

(NE66 area)

Above Market Value

This property is priced +7.2% above area average per sq ft

+7.2%
This Property
£277/sq ft
Area Average
£259/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£461,751
10% above area average per sq ft
Potential ROI
-5.8%
After renovation
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

Garden Terrace, Lesbury, Alnwick, Northumberland
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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
£1,648
Based on a loan of £337,500 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