5 bedroom detached for sale

£1,000,000 Offers over

5

Bedrooms

3

Bathrooms

4

Reception

Floorplan

Jan Mitchell Properties are delighted to offer for sale Ricklees Farm, a once in a lifetime opportunity to acquire a multi functional stone built farmhouse and cottage, all set on a superb well maintained 2.15 acre plot with uninterrupted Southerly vistas across the surrounding rolling countryside.

Main House:
The exterior charm is matched by superb interior d?cor, blending traditional country house ambiance with high-quality contemporary finishes. The entrance hall and boot room offer ample storage and direct access to the gardens. Two beautiful reception rooms include a light-filled drawing room with a high ceiling, French doors to the patio, herringbone flooring, and a grand fireplace with a woodburning stove. The adjoining sitting room features an inglenook fireplace, bi-fold doors to the garden, and wooden window shutters.

The warm and inviting kitchen/dining room is equipped with bespoke cabinetry, a central island, and a range cooker complemented by integrated appliances. Bi-fold doors open to the patio for seamless indoor/outdoor living and creating a perfect space for entertaining. The ground floor also includes a fully tiled shower room and access to a luxurious sauna.

Upstairs, three spacious bedrooms provide a tranquil retreat. The principal bedroom features dual aspect windows and ample fitted storage. A sensational boutique-style bathroom includes a freestanding clawfoot bath, walk-in rainfall shower, twin wash hand basins, WC, and a heated towel rail.

The Annexe:
Adjacent to the main house, the two-bedroom annexe offers single-story living with impressive standards. The entrance hall leads to an inner hall with living spaces on one side and bedrooms on the other. The sitting room has a vaulted ceiling, exposed stone feature wall, and French doors opening to a south-facing terrace. The contemporary kitchen includes quality appliances, while the utility room adds extra convenience. The garden room provides stunning views and a peaceful escape.

Two double bedrooms with fitted wardrobes are served by a modern bathroom featuring a bath, separate shower, wash hand basin, and WC. This annexe offers flexible living options, ideal for hosting guests, providing independent living space, or generating rental income.

Externally:
Ricklees Farm is set on approximately 2.15 acres, with landscaped gardens, various outdoor seating areas, and a paddock of around 0.8 acres. The grand long gated driveway leads to ample parking and a garage. Formal gardens surround the main house, featuring manicured lawns and patios for outdoor entertaining. The annexe's decked patio overlooks the lawns, with additional seating areas by the garden room. A separate garden area includes a footpath to a small orchard with raised beds, greenhouses, and outbuildings. The well-fenced paddock is ideal for equestrian use or potential glamping business, subject to consents.

Local Information:
Ricklees Farm enjoys a private, rural location north of High Spen, with excellent access to the Metro Centre, Newcastle city centre, and Newcastle International Airport. High Spen offers a pub, farm shop, convenience store, caf?, church, and primary school, with nearby Chopwell Woods providing outdoor activities. Rowlands Gill, a commuter village, offers amenities, the Derwent Walk, and National Trust Gardens at Gibside. Excellent transport links connect to major centres in the northeast.

Approximate Mileages:
Rowlands Gill: 3.8 miles
A1(M) Junction 73: 5.2 miles
Gateshead Metro Centre: 5.8 miles
Shotley Bridge: 7.8 miles
Newcastle City Centre: 9.0 miles
Newcastle International Airport: 11.2 miles
Durham City Centre: 17.2 miles
Services:

Services
Mains electricity and water
Oil-fired central heating
Drainage to septic tank

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. 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 of 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: F (Gateshead Council)
Tenure: Freehold
Parking options: Off Street
Garden details: Private Garden



Features
  • Freehold

Mortgage Calculator

Your property may be repossessed if you do not keep up repayments on your mortgage.

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Monthly Payment: £ 8,216.87

Amortization For Monthly Payment: £8,216.87 over 30 years ( Based on 3.20% Interest )

Return on Investment

£
£
£
£

Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.

Mortgage Required

£ 818950

Mortgage Loan to Value

%

Gross Yield

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Annual ROI

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Annual Rental Profit

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Cumulative Rental Profit

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Cost of Purchase

£
  • Stamp Duty
    £

    Stamp Duty is a tax paid on completion via your solicitor, the calculation includes the 3% surcharge for second homes.

  • Refurbishment Budget
    £ 25000
  • Survey Costs
    £ 400
  • Mortgage Fees
    £ 1,000

    Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Legal Fees
    £ 1,300

Adjust these figures

£

The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.

£

This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.

£

Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.

£

This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.

Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.

Annual Costs

£ 68950
  • Mortgage Interest
    £

    The mortgage is assumed to be interest only. Your home may be repossessed if you do not keep up repayments on your mortgage.

  • Letting and Management Costs (Inc VAT)
    £
  • Letting Fee
    £
  • Maintenance
    £
  • Insurance
    £ 500
  • Ground Rent
    £ 0
  • Service Charge
    £ 0

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This is the percentage of the rent that you will spend maintaining the property.

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Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.

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Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.

£

This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.

Total Profit

£
  • Final Equity Profit
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    Final Equity Profit = Final Property Value - Mortgage Required - Investment

  • Cumulative Rental Profit
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    Cumulative Rental Profit = Annual rental profit x Time of Investment

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This is the assumed rate of house price inflation.

Final Property Value

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This is the property value at the end of the investment based on an assumed rate of % house price inflation.

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