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Field House, Hepscott, Northumberland, NE61 - Image 1
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Field House, Hepscott, Northumberland, NE61

North East

£545,000
Listed on 17/04/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a significant residential development potential with the conversion of five stone farm buildings set on approximately 0.88 acres in a picturesque countryside location near Hepscott. The site, which includes traditional stone barns and portal frame sheds, has secured planning permission for transforming these agricultural structures into five residential units, allowing for various sizes from 121.23 m² to 231.79 m². This offers a compelling opportunity to develop spacious homes in a tranquil setting while benefiting from nearby Morpeth's vibrant amenities including shops, restaurants, and schools, as well as excellent transport links via the A1 and local bus and train services. The planning conditions have mostly been discharged, simplifying the renovation process ahead. With access rights confirmed over the shared driveway and existing utilities ready for connection, this project holds strong appeal for investors or developers looking to capitalize on the growing demand for housing in the North East.

Investment Analysis

(NE61 area)
Area Average
£243/sq ft
Avg Rent (weekly)
£246
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
47
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (NE61)

Area prices are stable by -0.8% over the last 12 months
3 year growth: +13.0%
5 year growth: +11.7%
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

Field House, Hepscott, Northumberland, NE61
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,930
Based on a loan of £408,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

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