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Front Street, Hetton-Le-Hole, Houghton-Le-Spring, DH5 - Image 1
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Front Street, Hetton-Le-Hole, Houghton-Le-Spring, DH5

North East

£300,000
Listed on 15/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising development opportunity in the heart of Hetton-le-Hole, a historic mining community situated conveniently between Durham and Sunderland. The site is easily accessible and benefits from its central location, providing both residential and commercial potential. Covering approximately 0.31 acres (0.13 hectares), this level parcel once housed St Nicholas Church, which has been cleared, with all remnants and waste removed, including the relocation of former graves. This preparatory work allows for immediate engagement with future development plans. Previously, full planning permission was granted for a 30-unit care facility aimed at elderly and mentally infirm residents; however, this permission has now lapsed. Investors may find value in reapplying or exploring alternative developments that align with current market demands. Possibilities include constructing up to three executive four-bedroom homes or creating a sheltered housing scheme featuring a mix of one- and two-bedroom apartments along with bungalows. Additionally, there is potential for establishing a 50-bed nursing home, subject to securing appropriate planning consents. The site will be sold freehold with vacant possession, making it an attractive prospect for developers looking to capitalize on the regeneration potential in this area. Serious inquiries are welcome as the owner considers offers while retaining discretion over acceptance criteria. For further details on planning possibilities, interested parties are encouraged to visit the Sunderland City Council website's planning section.

Investment Analysis

(DH5 area)
Area Average
£171/sq ft
Avg Rent (weekly)
£147
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£800,000 - £1,200,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
22
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (DH5)

Area prices are rising by +4.1% over the last 12 months
3 year growth: -5.2%
5 year growth: 2.7%
Investment Disclaimer: Analysis based on DH5 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

Front Street, Hetton-Le-Hole, Houghton-Le-Spring, DH5
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,099
Based on a loan of £225,000 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE