Ravensmount

Northumberland Living’s new sites comprises a former 35 bed care home and is a grand period building of stone construction with a pitched slate tile roof and various large windows providing countryside views. The building currently extends to approximately 1,051 sq m (11,313 sq ft). Full planning permission has been granted to convert the building into 8 large apartments which will range between 861 and 1,421 sq ft. We are of the opinion that the apartments are excessive in size, and have already had preliminary talks with planning consultants and architects to increase the number of apartments to 10, which will still provide spacious accommodation The development of the building and landscaping of the grounds will take 15 – 18 months in total and the aim would be to sell a number of the apartments off-plan, retain several and refinance to repay the investors. Those retained would be utilised as holiday lets due to the demand in the area, and would be added to the Northumberland Luxury Stays portfolio.