Land to the North of Lowery House Lowery Lane, Craghead, County Durham, DH9 6EN

Description

A substantial parcel of freehold land extending to approximately 18 acres, occupying a pleasant rural position on the outskirts of Craghead, County Durham. The land is situated to the north of Lowery Lane. It includes a large open parcel with access leading from Lowery Lane, offering a potentially attractive opportunity for purchasers seeking land for agricultural, recreational or investment purposes, subject to any necessary consents. An interesting land investment with a range of potential uses, subject to planning and any necessary permissions.

Location

The property occupies a pleasant rural position on the outskirts of Craghead, County Durham. The surrounding area is predominantly rural, whilst Craghead and nearby Stanley provide a range of everyday amenities. The property also benefits from its position within easy reach of the wider County Durham road network.

Tenure / Property Information

Investment Analysis

The guide range is £130,000–£150,000 for approximately 18 acres of freehold rural land. The supplied comparable is a detached freehold church sale from 2007 and is not sufficiently relevant to support a land valuation. No planning status, permitted use, agricultural income, development value or rental evidence is provided. Accordingly, no independent GDV or maximum bid can be supported.

Investment Snapshot

Strategy Recommendation

Treat as a land-investment or potential-use opportunity only after legal, planning, access, boundary and use investigations. Do not rely on residential development or rental value without supporting evidence.

Works Required

No physical refurbishment works are evidenced. The land may require investigation of access, boundaries, permitted use and any planning or other necessary consents before acquisition or use.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR strategy is unsupported because there is no evidenced residential accommodation, rental income, refurbishment scope or refinance valuation. Any future development or alternative use would be subject to investigation and necessary consents.

Buy-to-Let Analysis

Buy-to-let analysis is not applicable: no building accommodation or sufficiently specific rental evidence is supplied. No rental yield can therefore be established.

Flip Analysis

A resale or land-development surplus cannot be calculated. The only supplied sale comparable is a materially different detached church transaction from 2007, and no supported GDV, development costs or selling allowance is available.

Investor Risks & Due Diligence

• Potential uses are expressly subject to planning and any necessary permissions.

• No planning status, development allocation or permitted-use evidence is supplied.

• No sufficiently specific rental comparable or auctioneer rent estimate is available.

• The supplied 2007 detached church comparable is not a reliable indicator of this land's value.

• Additional search fees, sellers' costs, legal fees, transfer fees, buyer's premium and disbursements may apply beyond the stated £3,600 administration charge.

Recommendation

Treat as a land-investment or potential-use opportunity only after legal, planning, access, boundary and use investigations. Do not rely on residential development or rental value without supporting evidence.

Strategy Rating

Analysis Confidence

Evidence is limited to a guide range, a broad land description, one poorly matched historic comparable and an administration charge; there is no planning, income, valuation or development-cost evidence.