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Land At Annfield Plain, Mordue Terrace, Annfield Plain, County Durham, DH9 - Image 1
Land At Annfield Plain, Mordue Terrace, Annfield Plain, County Durham, DH9 - Image 2

Land At Annfield Plain, Mordue Terrace, Annfield Plain, County Durham, DH9

North East

£60,000
Listed on 03/04/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This property presents an exciting renovation and investment opportunity in the village of Annfield Plain, located roughly 10 miles from the historic city of Durham and about 12 miles from Newcastle. The site, covering approximately 0.09 acres (347.82 m²), currently features existing garages that have been earmarked for demolition, paving the way for new development. Planning permission has already been secured for the construction of three terraced houses, each designed to accommodate three bedrooms—one with an en-suite bathroom—alongside an open-plan living and kitchen area. Additional features include a family bathroom, a study, a utility room, and a garage for each unit. Externally, plans incorporate off-street parking at the rear and private gardens at the front, enhancing both functionality and appeal. The planning consent stipulates that construction must commence within three years from its approval date (September 27, 2022). Interested parties can obtain more details through the Durham County Council planning office using reference DM/21/03249/FPA. With its strategic location close to major urban centers and established amenities nearby, this plot offers significant potential for those looking to invest in residential development. The property is being sold freehold with vacant possession, providing clear ownership benefits for future projects. For those considering this investment opportunity, please note that compliance with anti-money laundering regulations will be required during the purchasing process. This includes providing identification documentation as outlined in current legal requirements. Prospective buyers are encouraged to conduct their own due diligence regarding development plans and property conditions prior to making any offers. With a solid foundation laid out by existing permissions, this site is poised for transformation into desirable family homes in a growing community.

Investment Analysis

(DH9 area)
Area Average
£118/sq ft
Avg Rent (weekly)
£146
Avg Yield
5.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £350,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
27%
Properties sold annually

Local Market Trend (DH9)

Area prices are rising by +10.1% over the last 12 months
3 year growth: 8.9%
5 year growth: 19.7%
Investment Disclaimer: Analysis based on DH9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Land At Annfield Plain, Mordue Terrace, Annfield Plain, County Durham, DH9
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£220
Based on a loan of £45,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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