Loaning Burn, Peterlee, Durham, SR8 - Image 1

Loaning Burn, Peterlee, Durham, SR8 - Image 2

Loaning Burn, Peterlee, Durham, SR8

North East

£140,000

Listed on 07/01/2026

Property Details

Bedrooms

N/A

Type

Detached house

Description

This corner site in Easington Village presents a significant opportunity for residential development, currently benefiting from Outline Planning permission with Full Planning approval anticipated for the construction of two detached homes. The plot, measuring approximately 500sqm with a frontage of around 21.4m and depth of 25m, is accessible via the B1283. An additional area of land to the north, owned by Durham County Council, allows for access rights which can enhance the appeal of the site. It is important to review the planning approvals outlined under references DM/21/02745/OUT and DM/24/03198/RM on the Durham County Council Planning Portal to understand the potential of this property fully. Notably, an electrical transformer on-site will be relocated as part of an agreement with NEDL, streamlining development prospects in this area.

Investment Analysis

(SR8 area)

Area Average

£91/sq ft

Avg Rent (weekly)

£127

Avg Yield

6.9%

Renovation Potential

Medium Refurb

Est. Renovation Cost

£30,000 - £60,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

59%

Properties sold annually

Local Market Trend (SR8)

Area prices are rising by +20.0% over the last 12 months

3 year growth: 6.3%

5 year growth: 21.2%

Investment Disclaimer: Analysis based on SR8 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

Loaning Burn, Peterlee, Durham, SR8

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Mortgage Calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments

£513

Based on a loan of £105,000 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.