An abandoned farmhouse with nearly 5 acres of land has gone up for sale.
Situated in Lady Park, just outside Newcastle Upon Tyne, Lady Park Farm offers a rare development opportunity for £400,000. The building plot, which is available through Homebuilding & Renovating's sister site Plotfinder.net, is centred around a former farmhouse divided into two semi-detached cottages – one featuring three bedrooms and the other two.
Both are currently unoccupied and in need of significant renovation but provide the foundation for creating a substantial country home.
What does the plot include?
The farmhouse is constructed with brick and render under a slate roof, although is in need of significant renovation.
It includes five bedrooms and four reception rooms and has two neighbouring cottages, connected on the first floor and has 4.69 acres of land.
In addition to the main farmhouse and its surrounding land, two further lots are available for additional purchase:
- Lot 2: Two steel-framed buildings, three stone buildings and 2.92 acres of land. Guide price: £320,000
- Lot 3: Offering 7.17 acres of grassland. Guide price: £110,000
Redevelopment requires planning permission
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This property offers potential for residential or mixed-use development with proximity to Newcastle Upon Tyne, balancing rural land use with access to urban infrastructure.
Planning permission will be needed for significant alterations or the conversion of the existing structures.
It is recommended that buyers review existing easements, rights of way and other covenants that may apply as the land covers areas of land that have right of way access.
What you should know when buying this plot?
Prospective buyers should also carefully review applicable rights and obligations tied to the property, including easements (rights allowing others limited use of the land), rights of way (pathways that others can legally access), and covenants (binding agreements regarding the use of the land).
The property is registered under the Basic Payment Scheme, which provides financial subsidies for agricultural land use. However, mineral rights – ownership of underground resources such as coal, oil, or gas – are excluded from the sale and retained by a third party. In contrast, sporting rights – the legal ability to hunt or fish on the land – are included in the sale.
Interested parties may submit offers via the Plotfinder website.
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