Directors House – Set Within an Exceptionally Desirable Location
Directors House, Jesmond Dene, Jesmond, NE2 2EY
Guide price: £695,000
Signature North East
Whitley Bay
:0191 251 3344
Overview
This is a RARE & DESIRABLE opportunity.
To watch or bid on the property, visit Rare & Desirable — The Bidding Platform. All viewings and surveys must be arranged via the appointed Estate Agent.
The Directors House is a detached three-bedroom residence set within just under 0.5 acres in the prestigious heart of Jesmond Dene, positioned adjacent to Jesmond Dene House Hotel.
Previously under offer, the vendor withdrew the sale while considering a development for their own occupation. It is now reintroduced to the market, presenting a renewed opportunity for purchasers.
This unique offering provides two compelling development routes:
1. Renovate & Restore – Complete a full renovation of the existing property. (Currently the Property has no kitchen or Bathroom making it non mortgageable)
2. Redevelop & Reimagine – (Subject to planning consent) demolish and create a bespoke residence tailored to your specification. The property is NOT Grade II listed.
Comparable prime detached homes nearby, including the La Sagesse development, have achieved values between £1.65M–£2.30M, with the most recent sale completing at £1.75M in November 2024.
On that basis, a purchaser undertaking an extensive redevelopment here — on a plot approximately four times the size — could reasonably target end values in the region of £2.0M–£2.5M+, subject to design, scale and specification.
The setting further enhances the opportunity. The property is surrounded by approximately 6.77 acres of land owned by Newcastle City Council, where consent has been granted for high-end residential development. The majority of adjacent buildings are scheduled for demolition, with the exception of the original stone-built Grade II listed building, which will be restored to a high standard.
A right of way and an area to the front of The Directors House will require reinstatement to a high standard by any future purchaser.
Material Information
The information above has been provided by the vendor and may not be accurate. Please refer to the Legal Pack provided on this page.
| Label | Value |
|---|---|
| Council Tax Band: | Band E |
| Tenure: | freehold |
| EPC: | F |
| Completion Timeframe: | 56 Days |
Map
Fees & Charges
This property is sold subject to payment of a non-refundable Reservation Fee of 2.5% of the purchase price including VAT, subject to a minimum of £5,000.00 including VAT.
The successful purchaser will be required to pay this fee to secure the sale. The Reservation Fee is in addition to the purchase price, so please take this into account when bidding.
Before placing a bid, buyers must check the sale timescale shown on the property listing, as this determines whether the sale is conditional or unconditional and what payments will be required.
Time scale Information
A 56-day or 100-day sale is a conditional sale (Modern Method of Sale).
- the Reservation Fee applies and all reasonable endeavours must be made to exchange contracts immediately following the Buyer’s Solicitor receiving the Draft Contract.
By placing a bid, buyers confirm that they have checked the advertised sale timescale and understand which fees and payments apply to that property.
A Legal Pack will be provided. The successful bidder will pay £349.00 including VAT for this pack if provided. If you are considering buying with a mortgage, please inspect the property and consult your lender to confirm suitability before bidding.
Optional Services: Services may be recommended by the Agent or Rare & Desirable. If taken, a payment may be received from the service provider. Payment amounts
vary and will be confirmed when offered. These services are entirely optional.
Viewings, surveys or any formal inspections can all be carried out via the Estate Agent prior to bidding.
A 28-day sale is an unconditional auction. Contracts exchange immediately on the fall of the hammer, and the buyer will be required to pay: a non-refundable 10% deposit (paid to the Seller’s solicitor as stakeholder), and the non-refundable Reservation Fee payable to Rare & Desirable
For further information speak to one of our team: info@rareanddesirable.co.uk. Click here for more information on SDLT.
Bidding History
| Bidding starting | |||
Download the Legal Pack
A legal pack will provide material Information to help you to make an informed decision before making a bid. It may not include everything you need to know so make sure you do your own research too.
Disclaimer
While every effort has been made to ensure the accuracy of these details, they are provided as a general guide and do not form part of any offer or contract. Prospective buyers should not rely on them as statements of fact and are encouraged to carry out their own inspections and due diligence. Rare & Desirable, nor any person acting on our behalf, is authorised to make or provide any representation or warranty regarding the property.