Land South of 20 Wood Street, Middlestone Moor, Spennymoor
PE

Land South of 20 Wood Street, Middlestone Moor, Spennymoor

By Peter Clark Property Services

£ 25,000

Reviews

2 out of 5 stars

Peter Clark Property Services says ..

Land for sale with outline planning permission for a four bedroom dwelling adjacent to 20 Wood Street, Spennymoor DL16 7AU. A rare opportunity to secure a building plot in this sought after location, close to local schools and the Town Centre. Planning Application - DM/22/01391/FPA Durham...

Property Oracle says ..

This listing is for a plot of land located in Middlestone Moor, Spennymoor, County Durham, with outline planning permission granted for a four-bedroom dwelling. The property is situated in what is described as a desirable area, close to local schools including The Oaks Secondary School (rated Outstanding) and Middlestone Moor Primary School (rated Good), and is within reach of train stations, including Bishop Auckland and Shildon, though the exact distances are provided. The plot itself is undeveloped; photos reveal a largely empty space with an existing, dilapidated concrete slab, suggesting a need for considerable groundworks before construction can commence. While the exact dimensions of the plot are unstated, visual evidence suggests that the available space is rather limited and may not permit for an extensive garden area. The asking price of £25,000 appears comparatively reasonable when considering prices of neighboring properties, although the absence of plot size and the potential costs associated with building works make it difficult to definitively assess its value. Potential buyers should factor in these uncertainties as well as conducting thorough due diligence before purchasing the land and undertaking the significant development required.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
3
Location
7
Land
2
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
141,781.00 £
Decreased by 4.36 %
from 148,247.00 £
Average area rental value
655.00 £/mo
Decreased by 27.86 %
from 908.00 £/mo
Est rental Yield
5.54 %
Decreased by 24.63 %
from 7.35 %
Crime Rate
45.00 %
Unchanged by 0.00 %
from 45.00 %

Agent Activity

  • Peter Clark Property Services created the listing.

Nearby Schools

NameTypeOfstedDistance
The Meadows SchoolCommunity Special SchoolRequires improvement1.34 KM
Whitworth Park AcademyAcademy Sponsor Led1.41 KM
Middlestone Moor Primary SchoolCommunity SchoolGood1.46 KM
The Oaks Secondary SchoolCommunity Special SchoolOutstanding1.51 KM
Rosa Street Primary SchoolAcademy Sponsor LedGood2.10 KM

Images

Land Front View Land Rear View

Nearby Streets

NameAverage PriceAverage SqftDistance
Almond Close £ 000.00 KM
A688 £ 000.00 KM
Dairy Lane £ 000.00 KM
Lothian Close £ 44,50000.00 KM

Nearby Transport

NameNLCTLCDistance
Bishop Auckland7835BIA6.80 KM
Shildon7893SHD6.89 KM
Newton Aycliffe7834NAY8.97 KM

Nearby Listings

AddressPriceTypeScoreDistance
Land South of 20 Wood Street, Middlestone Moor, Spennymoor £ 25,000BUY4 / 100.00 KM
Wood Street, Spennymoor £ 73,000BUY6 / 100.02 KM
Gibbon Street, Spennymoor £ 59,950BUY6 / 100.08 KM
Durham Street, Spennymoor £ 105,000BUY5 / 100.12 KM
Jordan Place, Middlestone Moor, Spennymoor £ 159,950BUY7 / 100.12 KM

Nearby Properties

AddressPriceDistance
25 Wood Street £ 65,9500.02 KM
5 Wood Street £ 44,0000.02 KM
7 Wood Street £ 34,0000.02 KM
6 Wood Street £ 57,0000.02 KM
10 Wood Street £ 56,5000.02 KM