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Market Place, Belford NE70 - Image 1
Market Place, Belford NE70 - Image 2
Market Place, Belford NE70 - Image 3

Market Place, Belford NE70

North East

£240,000
Listed on 01/12/2025

Property Details

Bedrooms
1
Type
Terraced house

Description

This significant mixed-use property is situated in the historic village of Belford, presenting an excellent opportunity for renovation and potential conversion. With the right vision and local authority consent, there is considerable scope to transform the outbuildings and current retail space into three to four self-contained residential units. The property features a sizeable ground floor commercial unit that can be repurposed into a flat, alongside a one-bedroom maisonette complete with a vaulted ceiling lounge, kitchen, and en-suite wet room. The substantial stone workshop offers additional potential — comprising three rooms, a utility area, a triple garage, and an attic space that could serve as extra living quarters. A private walled garden adds outdoor appeal, along with an office setup suitable for remote work. This versatile property benefits from excellent village amenities and convenient transportation options to nearby attractions like Bamburgh Castle and the stunning Northumberland coastline, making it attractive for both investors and developers seeking to capitalise on the area's growing tourism appeal.

Investment Analysis

(NE70 area)
Area Average
£246/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (NE70)

Area prices are falling by +100.0% over the last 12 months
3 year growth: -100.0%
5 year growth: -100.0%
Investment Disclaimer: Analysis based on NE70 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

Market Place, Belford NE70
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£879
Based on a loan of £180,000 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