Rocklyn Lodge at 124 Runnymede Road Darras Hall is a very impressive luxurious house. I have known the property since it was originally built in 1988 and then purchased by the current owners in 1993. Since that time it has been refurbished on a number of occasions.
The initial guidance on value for this property two years ago was £2.5 million and now it has been reduced to the competitive price of £1,995,000.
The owners indicated to me that they were keen to move to Gosforth, where their near teenage children are now spending considerable time after school, mixing with friends and enjoying sports facilities. I explained that the current market would not support the original valuations given by a variety of agents two years ago and that they needed to be more realistic. It is all about managing the gap between the price that is sold and the price that is paid for a property and when the market readjusts nationally and even globally, we need to make that readjustment as quickly as possible.
Rocklyn Lodge is one of the finest detached houses in Darras Hall with a majestic garden which runs down to the River Pont and is ideal for families. Its privacy, security and quality surpasses many others and yet enjoys the convenience of a prime site with excellent neighbours, close proximity to the beautiful restaurants on the Broadway and good access to Ponteland village itself.
Competitive pricing has to be the way forward for so many home owners and Rocklyn Lodge now provides the standard for others to follow.