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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 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 presents a unique opportunity for potential buyers to build their dream home, complete with full planning permission for a detached residence. Measuring 11 metres by 25 metres, there is also the possibility of acquiring additional land through separate negotiations. The site benefits from existing connections to essential utilities such as electricity, gas, and water, enhancing its appeal for future development. Architectural plans created by Hodgson Architectural Services are available for review, providing insight into possible layouts and designs. Additionally, construction has commenced on the proposed road network, which will be completed alongside the overall housing development in the vicinity. A maintenance company will be established to oversee communal areas, with residents contributing to upkeep—an arrangement that will eventually transition to resident management upon project completion. Located in the desirable village of Greencroft, just three miles from Stanley and four miles from Consett, this plot offers easy access to local shopping and recreational facilities. The proximity to key highways (A693, A692, A691) facilitates convenient travel to nearby towns such as Durham and Newcastle. Notably, outline planning permission has also been granted for a neighboring housing development, suggesting potential growth and value appreciation in this area.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£30,000 - £50,000
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

£
£
£
%
%
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