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Ninebanks, Hexham, Northumberland, NE47

North East

£650,000

Listed on 10/07/2026

Property details

Bedrooms
4
Type
Barn Conversion
Area
2390 sqft

Description

Middle Rigg is a four-bedroom semi-detached barn conversion set on approximately two acres of land in the picturesque North Pennines National Landscape. This property retains its original character while incorporating modern finishes, offering a unique opportunity for renovation and investment. The spacious split-level living area features exposed stonework and vaulted ceilings, creating a warm atmosphere. The contemporary kitchen boasts integrated appliances, and the adjoining dining area opens to beautifully landscaped gardens, perfect for outdoor entertaining or potential expansion. The versatile layout includes ground-floor accommodation suitable for multi-generational living or home office use, alongside three first-floor bedrooms with scenic views. The extensive grounds include a stable block that may offer additional development opportunities (subject to planning permission), making this property a compelling prospect for investors or those looking to create their dream home in a serene rural setting. The surrounding area provides ample opportunities for outdoor activities with access to various walking and cycling paths, enhancing the property's appeal as both a family home and an investment in a desirable location.

Investment analysis

(NE47 area)

Above Market Value

This property is priced +15.5% above area average per sq ft

+15.5%
This Property
£272/sq ft
Area Average
£235/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£618,998
10% above area average per sq ft
Potential ROI
-16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
5
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NE47)

Area prices are falling by -5.5% over the last 12 months
3 year growth: +7.0%
5 year growth: +15.6%
Investment Disclaimer: Analysis based on NE47 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

Ninebanks, Hexham, Northumberland, NE47
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Mortgage calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,456
Based on a loan of £487,500 over 30 years at 4.45% 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

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