Savills says ..

Property Oracle says ..

This listing is for a large plot of undeveloped land located in Little Thorpe, near Peterlee, County Durham. The property is marketed as an excellent development opportunity. The land is situated relatively close to good schools and the coastal town of Seaham. The provided photos give a good visual representation of the land’s size and surrounding area. However, the absence of a building and the lack of detailed information on the plot size (SQFT) and specifics of what can be built are limitations. The list price is high, but the potential returns from a successful development project could justify the cost. More detailed information regarding planning permissions, potential development density, and comparable land sales in the area would be needed to form a more concrete valuation. The overall assessment suggests a significant investment opportunity but one that carries considerable risk, dependent on securing planning approval and the current state of the UK housing market. While the location is reasonably appealing due to the nearby schools and coastal proximity, potential buyers need to account for the absence of immediate amenities. The lack of information on precise measurements, and current usage restrictions is a drawback.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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