The list price of £195,000 for a development site with planning permission for five houses seems reasonably competitive, considering the potential rental income or sale value of the completed properties. However, without specific details about the final build costs and market conditions, it is difficult to definitively judge the price’s accuracy. Comparables are limited because there is no equivalent direct comparison in the data, given it is a development site. Therefore, the price is estimated as reasonable based on the potential return.

Based on the provided architectural renderings, the planned properties appear to be of good quality and construction. The use of stone and the design suggest a well-maintained, modern aesthetic. Since these are proposed properties, the condition rating reflects the expected standard upon completion rather than a current assessment. Therefore, it is an estimated condition rating at the point of completion.

The location scores well due to its proximity to the A167, providing good transport links. The presence of several primary schools within a reasonable distance, some with outstanding Ofsted ratings, further enhances its appeal to families. While the immediate area may lack significant amenities, its closeness to Spennymoor and Durham city provides access to a wider range of services and opportunities.

The property boasts a 0.23-acre plot, which is relatively generous for the area and allows for the construction of multiple houses. The availability of land for building contributes to the property’s value. This constitutes a decent amount of land for this kind of development.