Croft Street, Crook, DL15
By J W Wood
£ 350,000
J W Wood says ..
Formerly "The Crofts" this town centre property is as flexible as it is large. On the one hand it is a development opportunity in the centre of Crook as it comes with full planning permission for demolition and the erection of 5 townhouses - (for all information relating to the planning permission please view the Durham Council planning portal and use the reference number DM/21/02353/FPA.) On the other hand, it offers scope for a multitude of uses (Subject to permissions) such as secure storage, or other businesses due to size and flexibility of the rooms in the building.<br /><br />The immediate area around the site has been improved of late - a new Aldi supermarket has been built next door, and a Lidl supermarket just across the road, and neighbouring properties have been earmarked for development as well. The market place is merely yards away and this historic town also has a number of other businesses, amenities and facilities to boast about.<br /><br />The property is currently a vacant social club with a three bedroom flat above it, which is occupied. As such, all services are present at site, however buyers must establish the exact location for themselves. Our clients have added some outside space which has provided off street parking for the property.<br /><br />Our clients intend to add a clawback clause to the title of the property which would entitle them to 50% of uplift in Value should the property be demolished and a new commercial property be erected in its place<br /><br /><br />
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 91,250.00 £Decreased by 43.42 %
- Average area rental value
- 550.00 £/moDecreased by 6.14 %
- Est rental Yield
- 7.23 %Increased by 65.83 %
- Crime Rate
- 50.00 %Unchanged by 0.00 %
Agent Activity
J W Wood created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Crook Primary School | Community School | Good | 0.16 KM |
| Hartside Primary Academy | Academy Converter | 0.77 KM | |
| St Cuthberts Roman Catholic Voluntary Aided Primary School | Voluntary Aided School | Good | 0.90 KM |
| Peases West Primary School | Community School | Good | 2.02 KM |
| Howden-Le-Wear Primary School | Academy Converter | 2.13 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| West Springs | £ 0 | 0 | 0.00 KM |
| B6298 | £ 0 | 0 | 0.00 KM |
| Meadow Cottages | £ 0 | 0 | 0.00 KM |
| North Terrace | £ 200,000 | 0 | 0.00 KM |
| Coronation Street | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Bishop Auckland | 7835 | BIA | 9.97 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Croft Street, Crook, DL15 | £ 350,000 | COMMERCIAL_BUY | Unknown | 0.00 KM |
| Development Site At Billy Row, Billy Row, Crook, DL15 | £ 230,000 | COMMERCIAL_BUY | Unknown | 1.88 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 2 Croft Avenue | £ 135,000 | 0.06 KM |
| 8 Croft Avenue | £ 113,500 | 0.06 KM |
| 12 Croft Avenue | £ 87,500 | 0.07 KM |
| 1 Croft Avenue | £ 61,000 | 0.07 KM |
| 1 Croft Street | £ 137,000 | 0.08 KM |