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
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Metrics Year-on-Year
- Average area value
- 211,000.00 £Increased by 2.49 %
- Average area rental value
- 961.00 £/moDecreased by 14.43 %
- Est rental Yield
- 5.47 %Decreased by 16.49 %
- Crime Rate
- 160.00 %Unchanged by 0.00 %
Agent Activity
Connect-UK marked this listing as sold.
Connect-UK created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Lumley Infant And Nursery School | Community School | Outstanding | 0.38 KM |
| Lumley Junior School | Community School | Good | 0.46 KM |
| Red Rose Primary School | Community School | Outstanding | 3.21 KM |
| St Cuthbert'S Catholic Primary School, Chester-Le-Street | Academy Converter | 3.25 KM | |
| Park View School | Academy Converter | Good | 3.51 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Church Side | £ 380,000 | 0 | 0.00 KM |
| Gloucester Close | £ 0 | 0 | 0.00 KM |
| Winchester Close | £ 0 | 0 | 0.00 KM |
| Sevenacres | £ 82,500 | 0 | 0.00 KM |
| Derwent Crescent | £ 350,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Chester-Le-Street | 7736 | CLS | 4.19 KM |
| Durham | 7745 | DHM | 7.58 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Land at Front Street, Great Lumley, Chester Le Street, County Durham, DH3 4JB | £ 125,000 | BUY | 6 / 10 | 0.00 KM |
| Hazel Leigh, Great Lumley, Chester Le Street, Durham, DH3 | £ 205,000 | BUY | 7 / 10 | 0.14 KM |
| Hazel Leigh, Great Lumley, Chester Le Street, Durham, DH3 | £ 250,000 | BUY | 7 / 10 | 0.21 KM |
| Hazel Leigh, Great Lumley, Chester Le Street, Durham, DH3 | £ 250,000 | BUY | 6 / 10 | 0.23 KM |
| Gloucester Close, Great Lumley, Chester Le Street, DH3 | £ 305,000 | BUY | 7 / 10 | 0.25 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 4 Churchside | £ 231,000 | 0.18 KM |
| 4 Cranleigh | £ 12,758 | 0.20 KM |
| 12 Cranleigh | £ 107,500 | 0.20 KM |
| 13 Cranleigh | £ 90,000 | 0.20 KM |
| 10 Minsterley | £ 106,000 | 0.21 KM |