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The Old School House, Lynesack, Butterknowle, Bishop Auckland, Durham - Image 1
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The Old School House, Lynesack, Butterknowle, Bishop Auckland, Durham

North East

£695,000
Listed on 23/04/2026

Property Details

Bedrooms
5
Type
Detached

Description

The Old School House presents an intriguing opportunity for those looking to invest in a character-rich property with significant renovation potential. This three-bedroom, detached home features a separate two-bedroom annexe and various workshops, all set within extensive gardens. The main house offers ample space and could benefit from modernisation, while the annexe is ideally suited for multi-generational living or as a source of rental income, thanks to its independent entrance. The property's outbuildings, including two versatile workshops and a stone barn, provide additional options for development, potentially transforming them into studios or holiday rentals with the right permissions. Each space has distinct characteristics that can be leveraged creatively. With its idyllic rural location in Lynesack and proximity to local amenities in nearby towns like Bishop Auckland and Barnard Castle, this property is poised for transformation for both personal use and investment income.

Investment Analysis

(DL13 area)
Area Average
£179/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (DL13)

Area prices are falling by -13.1% over the last 12 months
3 year growth: -11.6%
5 year growth: -7.1%
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

The Old School House, Lynesack, Butterknowle, Bishop Auckland, Durham
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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
£2,462
Based on a loan of £521,250 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.

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