Victorian schoolhouse to be transformed into new homes with £525k investment

An abandoned Victorian school will be transformed into ‘luxury’ homes following a £525k investment by a North East fund.

FW Capital, which manages the North East Property Fund, has loaned £525k to Camfero Homes for the redevelopment of the 8,000 sq ft Marley Hill Primary School house on the A692 outside Sunniside.

The historic school, which was originally built for the children of local colliery workers in 1895, has been vacant for almost a decade.

Work on the site is expected to be completed by the summer.

Andrew Burnett, Camfero Homes’ director,, said: “This is a sympathetic restoration of a beautiful Victorian schoolhouse to create two new five-bedroom luxury homes with associated parking and garden space.

“FW Capital were great to work with. They completely understood what we needed and it was a straightforward and efficient process throughout.”

Tony Cullen, Investment Executive at FW Capital, said: “Camfero Homes is led by a highly-skilled team of property professionals with many years of experience.

“This development of high-quality properties will bring a wonderful building back into use and conserve it for future generations.

“It’s a pleasure to have provided support to help make that happen.”

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