3 Bedroom Detached house for sale in Jesmond Dene Road, Tyne & Wear
Guide Price: £895,000
Highlights
- 3x Bedrooms
- 1x Bathroom
- 2x Reception rooms
Price Changes
- £895,000 3 years, 3 months, 3 weeks and 17 hours ago
Location
Estate Agent Description
Investment opportunitySignature welcome to the market a rare opportunity to acquire a Detached House with just under 0.5 acres of land in the heart of Jesmond Dene.
The Directors House is in need of full renovation or with the relevant planning permission the new owners could apply to demolish and erect a brand new dwelling to their requirements.
Future potential valuations could extend to a £2.5ml asking price depending on the extent of development.
The surrounding 6.5 acres are currently derelict, owned by Newcastle Council which will be going back up for sale.
The land currently stands as one of Newcastle Council’s most valuable assets in terms of land value, and permission will only be approved for a high-end residential project.
This could coincide with the development of the Directors House and therefore offer great return for the investor wishing to create a luxury family home.
The property owns a right of way access using the Jesmond Dene Hotel entrance which is owned by Newcastle Council and will be sold as part of the Jesmond Dene Nursery site, however further opportunities with planning consent could see a private entrance created directly from Jesmond Dene Road as it previously had, and still has gated access to date.
The current property has been stripped, but was a small detached, 3 bedroom cottage with stunning gardens.
Council Tax band to be re registeredFreehold
