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Land West Of The Croft, Greencroft, Stanley, DH9 - Image 1
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Land West Of The Croft, Greencroft, Stanley, DH9 - Image 3
Land West Of The Croft, Greencroft, Stanley, DH9 - Image 4
Land West Of The Croft, Greencroft, Stanley, DH9 - Image 5

Land West Of The Croft, Greencroft, Stanley, DH9

North East

£75,000
Listed on 28/09/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This serviced plot offers a unique opportunity for those looking to create a custom home, complete with full planning permission for a detached house. Spanning 11 metres by 25 metres, the plot is already connected to essential utilities such as electricity, gas, and water, making it a practical choice for prospective builders. Layout and house types have been prepared by Hodgson Architectural Services, allowing for tailored design options that fit individual preferences. Furthermore, the ongoing development of the access road will enhance connectivity within the area once all houses are constructed. A maintenance company will be set up to manage communal spaces, ensuring well-maintained surroundings for future residents. Situated in the desirable village of Greencroft—just three miles from Stanley and four miles from Consett—this location benefits from easy access to major highways leading to Durham and Newcastle. Additionally, outline planning approval has been granted for neighboring housing developments, which may increase property value in this growing community.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
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 West Of The Croft, Greencroft, Stanley, 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
£275
Based on a loan of £56,250 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE