Residential Portfolio in NE16
Causey Row, Marley Hill, Newcastle upon Tyne, Durham, NE16 5EJ
Online auction
- Substantial freehold investment property
- Four self-contained apartments
- Separate one-bedroom cottage
- Five income-producing units
- Potential income approximately £45,600 per annum
- Gross yield approximately 4.56%
- Three detached garages
- Approximately 3,097 sq.m (0.77 acres)
- Previous planning consent for detached dwelling
- Significant future development potential
- Highly accessible semi-rural location
Residential Portfolio in NE16
Chapel House, Causey Row, Marley Hill, Newcastle upon Tyne, NE16 5EJ
Multi-Income Investment Opportunity with Development Potential on Approximately 0.77 Acres
**Guide Price: £1,000,000**
An exceptional opportunity to acquire a substantial freehold property comprising a charming two/three-bedroom cottage, four self-contained apartments, a separate one-bedroom cottage, extensive outbuildings, garages and development land extending to approximately **0.77 acres (3,097 sq.m)** in the highly desirable semi-rural village of Marley Hill.
Offering multiple income streams alongside significant future development potential, Chapel House presents a rare opportunity for investors, developers, serviced accommodation operators, multi-generational families or owner-occupiers seeking an income-producing asset in an attractive countryside setting.
The property has a potential annual income of approximately **£45,600 per annum** from the four self-contained apartments and separate one-bedroom cottage, whilst also benefiting from vacant possession of all apartments, providing incoming purchasers with immediate flexibility to re-let, refurbish, reposition or redevelop the accommodation to maximise returns.
Accommodation & Site Features
The principal residence is a characterful two/three-bedroom cottage enjoying an enviable position with open views across surrounding fields to the front and a picturesque wooded dene to the rear.
In addition, the property includes:
* Four self-contained residential apartments
* Separate one-bedroom cottage/apartment
* Large open-plan living accommodation with fitted kitchen
* Generous double bedroom and shower room
* Private terrace seating area
* Integral garage
* Detached triple garage with extensive roof storage
* Workshop and additional outbuildings
* Secure gated courtyard
* Off-street parking for numerous vehicles
* Extensive gardens and grounds
The attractive courtyard area is accessed via impressive wrought iron double gates and provides secure parking and circulation space for residents and visitors alike.
Development Potential
A key feature of the property is the substantial landholding extending to approximately 0.77 acres, offering significant future opportunities.
The site has previously benefited from planning approval for a detached dwelling and may present further residential development opportunities, subject to obtaining all necessary consents.
Potential purchasers may wish to explore:
* Construction of additional residential accommodation
* Reinstatement or renewal of previous planning permissions
* Conversion of existing garages and outbuildings (subject to planning)
* Enhancement and optimisation of existing rental accommodation
* Alternative income-generating uses
Investment Summary
**Guide Price:** £1,000,000
**Current Gross Annual Income:** £45,600 per annum
**Current Gross Yield:** 4.56%
Further value may be realised through:
* Rental growth across existing units
* Refurbishment and repositioning strategies
* Development of the site and outbuildings
* Additional residential accommodation subject to planning
* Future capital appreciation of this substantial landholding
Location
Chapel House occupies a peaceful and secluded position within the sought-after village of Marley Hill, surrounded by open countryside whilst remaining exceptionally well connected.
The property enjoys convenient access to the A1(M), providing excellent transport links to Newcastle upon Tyne, Gateshead, Durham and the wider North East region.
The surrounding area offers an abundance of countryside walks, highly regarded public houses, restaurants and local amenities, making this an attractive location for both permanent residents and short-term accommodation guests.
Viewing: Viewing is strictly by appointment only.
For further information and to arrange a viewing, please contact the selling agent.
Summary
- Property Type: Residential Portfolio
- Parking: Allocated
Location
Marley Hill is a highly desirable village location situated between Newcastle upon Tyne, Gateshead and Durham. The property enjoys a pleasant semi-rural setting whilst remaining within easy reach of the A1(M), Metrocentre, Newcastle city centre and the region's major employment hubs.
The area continues to benefit from strong demand for both residential and short-term accommodation, aided by nearby attractions including Beamish Museum and the wider Durham countryside.
Accommodation
The accommodation currently comprises:
* A Two / three bedroom cottage used as the main residence
* Four self-contained apartments
* Separate one-bedroom cottage
* Three detached garages
* Separate workshop building
* Extensive parking and storage areas
* Approximately 0.77 acres of grounds
* Land with previous planning consent for a detached dwelling
Development Opportunity
A key feature of the property is the adjoining land, which has previously benefitted from planning permission for the construction of a detached residential dwelling.
Purchasers may wish to investigate the potential for renewing or revising previous consents, presenting an opportunity to enhance both capital value and future income generation.
Rental Income
Unit Monthly Income
Apartment 1 £700 pcm
Apartment 2 £700 pcm
Apartment 3 £700 pcm
Apartment 4 £700 pcm
One-Bedroom Cottage £1,000 pcm
Total Monthly Income £3,800 pcm
Total Annual Income £45,600 pa
EPC
We await a copy of the energy performance certificate.
Additional Information
For further information please contact our office direct on 0191 737 1154, or alternatively via e-mail on commercial@pattinson.co.uk. With regards to viewing the subject property, this is to be done strictly by appointment through Keith Pattinson Commercial department. Please contact us to arrange an internal inspection, or to register your interest.
This property is being sold subject to unconditional reservation fee auction terms and conditions.
Timescales
Contracts will exchange immediately. There are 28 days in which to complete the purchase.
Legal Pack
A legal pack is available to download. Special conditions may apply.
We strongly recommend buyers familiarise themselves with the legal pack prior to bidding.
Deposit
In order to secure the purchase a buyer will pay a deposit of 5% which contributes towards the overall purchase price of the property.
The deposit is non-refundable.
Buyer Fees
This property is sold subject to a non-refundable reservation fee of 5% + VAT to a minimum of £6,000 + VAT (£7,200 inc VAT) This does not form part of the purchase price.
A reservation fee is payable by the buyer where a seller has opted to sell with no fees. As a result, a lower reserve price is usually agreed on lots where a reservation fee is applicable.
More Information
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
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£50,000 - £250 minimum bid
£50,001 to £150,000 - £500 minimum bid
£150,001 to £250,000 - £1,000 minimum bid
£250,001 to £750,000 - £2,500 minimum bid
£750,001 to £1.5 Million - £5,000 minimum bid
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Please note this bidding process applies specifically to online auctions.
More Information is available:
For more information call our auction experts on 0191 206 9335 or email auctions@pattinson.co.uk
There is no legal pack for this property.
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