Location: North East
Type: Residential 3/4 Bedroom Home
Stage: Existing Build Renovation + Planning for Residential Property
Yield: 8.2% - 8.6% or 25% Sale Profit
Existing Build Renovation
A spacious period semi detached property occupying a very extensive mature plot, including a building plot.
This former colliery managers house is accessed via double gates and a long graveled drive leading to the house, gardens, garages, separate building plot and outbuildings. It has been very well maintained and alot of the works required are cosmetic and there is scope for extending into the large loft space.
The good size development plot is walled and fenced and will offer good size gardens to the new property. The Cottage is a spacious four-bedroom house boasting tremendous charm and character in keeping with its age and history. High corniced ceilings, original doors and picture rails all contribute to the great appeal of this outstanding family home. Its generous room sizes must be seen to be appreciated.
This former colliery managers house is accessed via double gates and a long graveled drive leading to the house, gardens, garages, separate building plot and outbuildings. It has been very well maintained and alot of the works required are cosmetic and there is scope for extending into the large loft space.
The good size development plot is walled and fenced and will offer good size gardens to the new property. The Cottage is a spacious four-bedroom house boasting tremendous charm and character in keeping with its age and history. High corniced ceilings, original doors and picture rails all contribute to the great appeal of this outstanding family home. Its generous room sizes must be seen to be appreciated.
New Build
This property has recently expired planning permission for the erection of a three-story detached dwelling house.
We believe that the previous planning does not use the land to its full potential and utilising the unused front garden area for parking, the site would easily accommodate an additional property subject to planning of course.
Location
The property is located in the North East, semi rural position with excellent road networks taking you directly onto the main transport links in the area.
It is easily accessible to get to Newcastle, Sunderland, Durham.
The house itself positioned on the outskirts of the village is still in walking distance of all amenities, The location is a desirable spot being very private and being accessed from a gated driveway you really wouldn't know it was there.
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