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The Retreat, Cresswell, Morpeth, Northumberland

North East

£1,150,000
Listed on 07/03/2026

Property Details

Bedrooms
7
Type
Detached house
Area
4432 sqft

Description

This unique property presents an exceptional investment opportunity, situated in the charming coastal village of Cresswell. It consists of two interconnected homes designed for multi-generational living on a substantial 1-acre plot with mature private gardens. Originally constructed between the 1980s and 2000s, the property has been well-loved by its current owners for over four decades, offering a chance for refurbishment and personalization. The Retreat is discreetly accessed via a private road shared with only three other homes, ensuring both peace and privacy. Just moments from the coast, it features a large south-facing garden enclosed by original brick walls, complete with well-established trees and inviting seating areas. With seven bedrooms distributed across the two houses, there's considerable potential to enhance the living space. The main house boasts three bedrooms, an adaptable open-plan reception area with a stone fireplace, and a galley kitchen that could benefit from modern upgrades. The second house offers four additional bedrooms, generous reception spaces including a striking garden room showcasing heritage windows, and functional areas such as showers and utility rooms that require updating. This property is ideal for those looking to invest in renovation work to create a bespoke family home or possibly even rental units given its desirable location close to local amenities and stunning beaches.

Investment Analysis

(NE61 area)

Above Market Value

This property is priced +6.3% above area average per sq ft

+6.3%
This Property
£259/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£240
Avg Yield
4.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£1,190,036
10% above area average per sq ft
Potential ROI
-8.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (NE61)

Area prices are rising by +3.5% over the last 12 months
3 year growth: +14.9%
5 year growth: +15.8%
Investment Disclaimer: Analysis based on NE61 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

The Retreat, Cresswell, Morpeth, Northumberland
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£4,148
Based on a loan of £862,500 over 30 years at 4.06% 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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