Worst House on the Street Logo
Leap Mill Farm, Busty Bank, Burnopfield - Image 1
Leap Mill Farm, Busty Bank, Burnopfield - Image 2
Leap Mill Farm, Busty Bank, Burnopfield - Image 3
Leap Mill Farm, Busty Bank, Burnopfield - Image 4
Leap Mill Farm, Busty Bank, Burnopfield - Image 5
Leap Mill Farm, Busty Bank, Burnopfield - Image 6
Leap Mill Farm, Busty Bank, Burnopfield - Image 7
Leap Mill Farm, Busty Bank, Burnopfield - Image 8
Leap Mill Farm, Busty Bank, Burnopfield - Image 9
Leap Mill Farm, Busty Bank, Burnopfield - Image 10
Leap Mill Farm, Busty Bank, Burnopfield - Image 11

Leap Mill Farm, Busty Bank, Burnopfield

North East

£695,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This unique Grade II* listed three-bedroom property, along with its accompanying 18th Century watermill and farm outbuildings, presents an exceptional opportunity for renovation and investment. Nestled in a tranquil setting spanning approximately 14.5 acres (5.86 hectares), this estate offers significant potential for those looking to create a bespoke home or venture into agricultural development. The family farmhouse showcases charming original features, such as exposed ceiling beams and traditional window shutters, while the layout consists of a back kitchen leading to a well-appointed main kitchen with integrated appliances. The living room boasts views over the private garden and is warmed by a multifuel stove. The characterful second reception room features stone flooring and a fireplace that enhances its rustic appeal. Upstairs, you'll find three bedrooms that retain much of their historic charm, complete with cast iron fireplaces and ample natural light from roof lights. The bathroom is fully tiled but could benefit from modernisation. A notable feature is the adjacent watermill, offering further developmental possibilities. This space includes mill stones and machinery, which you could cleverly convert into additional living accommodation or business space (subject to planning permissions). The surrounding farm buildings also hold potential for transformation; they include stables, stores, and even areas currently used for livestock. With rich agricultural land classified as Grade 3 and existing woodland areas, the estate not only provides ample opportunities for farming or leisure pursuits but also holds long-term investment value given its location close to Newcastle and transport links. Additionally noteworthy are the unregistered land parcels that may offer further options for development under favourable terms. However, prospective buyers should be aware of ongoing treatment for Japanese Knotweed in certain areas and perform due diligence on any historical mining works risk assessments applicable to the region.

Investment Analysis

(NE16 area)
Area Average
£217/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
48%
Properties sold annually

Local Market Trend (NE16)

Area prices are falling by +9.6% over the last 12 months
3 year growth: 6.6%
5 year growth: 4.5%
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

Leap Mill Farm, Busty Bank, Burnopfield
Loading map...

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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE