Land at Front Street, Great Lumley, Chester Le Street, County Durham, DH3 4JB
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Land at Front Street, Great Lumley, Chester Le Street, County Durham, DH3 4JB

By Connect-UK

£ 125,000

Reviews

3 out of 5 stars

Connect-UK says ..

SOLD BY CONNECT UK AUCTIONS: Freehold Land in an Excellent Location. Historic Planning Approved for Erection of 10 apartments and associated parking at the Former Dog and Gun, 2/07/00542/FUL. Future potential for various development, subject to all necessary consents. Prospective purchasers must ...

Property Oracle says ..

This property is a plot of land located on Front Street in Great Lumley, County Durham. The listing highlights the land’s potential, having previously had planning permission for 10 apartments. The current state of the land is overgrown, suggesting it may require some landscaping or clearing before any development could begin. The property’s location is a positive, being near schools rated as Outstanding and Good by Ofsted. Proximity to Chester-le-Street and Durham provides easy access to larger towns and cities. The price reflects the potential of the land and its location, but does not take the current condition into account. The fact that it’s previously been sold suggests the asking price is realistic considering the market. A thorough survey would be recommended to assess the condition of the land and to establish any potential complications with development. The absence of precise land dimensions also presents some challenges when attempting to perform an accurate evaluation.

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

Price
7
Condition
4
Location
7
Land
6
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
211,000.00 £
Increased by 2.49 %
from 205,865.00 £
Average area rental value
961.00 £/mo
Decreased by 14.43 %
from 1,123.00 £/mo
Est rental Yield
5.47 %
Decreased by 16.49 %
from 6.55 %
Crime Rate
160.00 %
Unchanged by 0.00 %
from 160.00 %

Agent Activity

  • Connect-UK marked this listing as sold.

  • Connect-UK created the listing.

Nearby Schools

NameTypeOfstedDistance
Lumley Infant And Nursery SchoolCommunity SchoolOutstanding0.38 KM
Lumley Junior SchoolCommunity SchoolGood0.46 KM
Red Rose Primary SchoolCommunity SchoolOutstanding3.21 KM
St Cuthbert'S Catholic Primary School, Chester-Le-StreetAcademy Converter3.25 KM
Park View SchoolAcademy ConverterGood3.51 KM

Images

Front St Green Roadside 2 Edit Roadside Edit Front Street DU189026.PNG DU354255.PNG DU206990.PNG

Nearby Streets

NameAverage PriceAverage SqftDistance
Church Side £ 380,00000.00 KM
Gloucester Close £ 000.00 KM
Winchester Close £ 000.00 KM
Sevenacres £ 82,50000.00 KM
Derwent Crescent £ 350,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Chester-Le-Street7736CLS4.19 KM
Durham7745DHM7.58 KM

Nearby Properties

AddressPriceDistance
4 Churchside £ 231,0000.18 KM
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12 Cranleigh £ 107,5000.20 KM
13 Cranleigh £ 90,0000.20 KM
10 Minsterley £ 106,0000.21 KM