4-bedroom detached house · NE39 2EL
Sold STCListed 145 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Jan Mitchell Properties are delighted to bring to the market Lumley House, a beautiful three/four bedroom detached family home situated on a superb corner plot with garden, gated drive and garage overlooking rolling countryside in the popular village of high Spen.
Internally the property has been tastefully and sympathetically renovated retaining much of its original features and charm, briefly comprising:- Entrance vestibule, entrance hall with stained glass work and corbels, reception room / ground floor bedroom, cosy lounge with log burner and alcove storage, sun room, and then an L-shaped kitchen diner again with log burner, vaulted ceiling, shaker style units, utility section and rear access, making it a perfect space for entertaining.
To the first floor off the grand landing are three generous bedrooms and a spacious four piece family bathroom with feature roll top bath.
Externally there the is a garage, gated multiple car drive with EV charging point and a range of bedded, decked and paved areas to enjoy the sunny South Westerly aspect throughout the day.
Overall a superb unique freehold family home that has to be viewed to appreciate the standard and size of accommodation on offer first hand.
Location High Spen is a former mining village in the Metropolitan Borough of Gateshead, it offers an array of local amenities within the village itself including a primary school, convenience store, The Bute Arms pub and Garesfield golf course a short walk up the bank.
Further amenities can be found in nearby Rowlands Gill and further afield in Gateshead and Newcastle via trunk roads and bus routes.
IMPORTANT NOTE TO PURCHASERS We endeavour to make our property details accurate.
However, they do not constitute or form part of an offer or any contract and are not to relied upon as statements of representation or fact. Some of the imagery may have been enhanced by AI.
Any services, systems and appliances listed in the details have not been tested by us and no guarantee is given to their operating ability or efficiency.
All the measurements and floor plans have been taken as a guide to prospective purchasers and are not to be relied upon. Please be advised that some of the information may be awaiting vendor approval.
If you require clarification or further information on any points, please contact us direct.
MAKING AN OFFER Please note that all offers will require financial verification including mortgage agreement in principle, proof of deposit funds, proof of available cash and full chain details including selling agents and solicitors down the chain.
Under New Money Laundering Regulations we require proof of identification from all buyers before acceptance letters are sent and solicitors can be instructed.
Tenure - We are not able to verify the tenure of the property as it is not always possible to see sight of the relevant documentation prior to marketing.
Prospective purchasers must make further enquiries with their legal adviser Council Tax Band: C (Gateshead Council) Tenure: Freehold
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs

FAQ
About Lumley House, Ramsay Street, High Spen, Rowlands Gill
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