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Residential Development Land At Whitehouse Farm, West Moor, Newcastle Upon Tyne NE12 - Image 1
Residential Development Land At Whitehouse Farm, West Moor, Newcastle Upon Tyne NE12 - Image 2
Residential Development Land At Whitehouse Farm, West Moor, Newcastle Upon Tyne NE12 - Image 3

Residential Development Land At Whitehouse Farm, West Moor, Newcastle Upon Tyne NE12

North East

£400,000
Listed on 01/12/2025

Property Details

Bedrooms
N/A
Type
Detached house
Area
3094 sqft

Description

This substantial 0.32-acre plot presents an exciting opportunity for development, nestled in a tranquil yet accessible area. Previously serving as the garden of a nearby farmhouse, this discreet location features a well-maintained stone outbuilding that currently operates as a games room, alongside a WC and garage. The property once had planning permission for two detached homes, each around 2,000 sq ft, which has now lapsed. However, there is informal advice suggesting the possibility of submitting a new application for a larger single dwelling of approximately 3,500 sq ft. Surrounded by mature trees that enhance its privacy, this site not only offers peaceful living but also significant potential for creating high-quality residential space in an established community. Ideal for developers or private buyers looking to invest in a premium home surrounded by nature and local amenities. Local attractions include the picturesque Gosforth Park and Nature Reserve, providing ample recreational opportunities. Both Gosforth and Killingworth offer essential services and are well-equipped with shops, restaurants, and schools—including prestigious institutions such as Gosforth Academy and Newcastle School for Boys. Convenient transport links to Newcastle city centre via the A1 make this location particularly desirable for commuters, while Newcastle International Airport is also within easy reach.

Investment Analysis

(NE12 area)

Below Market Value

This property is priced -40.3% below area average per sq ft

-40.3%
Potential saving
This Property
£129/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£219
Avg Yield
5.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£737,517
10% above area average per sq ft
Potential ROI
+13.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
29%
Properties sold annually

Local Market Trend (NE12)

Area prices are rising by +9.0% over the last 12 months
3 year growth: 5.9%
5 year growth: 22.7%
Investment Disclaimer: Analysis based on NE12 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

Residential Development Land At Whitehouse Farm, West Moor, Newcastle Upon Tyne NE12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,465
Based on a loan of £300,000 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.

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