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Gray Terrace, Stanley, County Durham, DH9 - Image 1
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Gray Terrace, Stanley, County Durham, DH9

North East

£400,000
Listed on 12/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This development site presents an excellent opportunity for investors and developers, featuring outline planning permission for 18 self-build plots. Granted on June 9, 2023, the planning application can be reviewed through the Durham Council planning portal under reference number DM/21/01066/OUT. Spanning approximately 5.2 acres, the property currently comprises open grassland that was previously utilized for livestock grazing. The land features a gentle slope towards the south, allowing for potential creative design solutions in developing residential homes. The site’s location on the outskirts of Annfield Plain provides convenient access to local shops and amenities, including a Tesco superstore located just a short distance away. The nearby towns of Stanley and Consett have recently experienced significant housing developments, indicating a growing interest in this area which may enhance its appeal for future residential projects. While no intrusive site investigations have been conducted and there are no records of mining activity in the vicinity, this site offers a blank canvas for potential development. Additionally, it is not currently designated in the Durham County Strategic Housing Land Availability Assessment (SHLAA), presenting an opportunity to shape its future use without existing restrictions. This property is well-positioned to benefit from ongoing growth in the region, making it an attractive option for those looking to invest in emerging opportunities within the housing market.

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 - £400,000
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

Gray Terrace, Stanley, County Durham, DH9
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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
£1,465
Based on a loan of £300,000 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