No. 274 Hundens Lane, Darlington, County Durham, DL1 1DT

Description

A rare opportunity to acquire a three bedroom semi detached property occupying a generous corner plot with the added benefit of planning permission for the construction of a three bedroom dwelling on the adjoining land (interested parties should refer to the legal pack and satisfy themselves as to the approved plans). The existing property offers well proportioned accommodation and presents scope for refurbishment and modernisation, making it suitable for owner occupiers, investors or developers alike. The approved development opportunity provides excellent potential to add value, whether by building and selling the new dwelling or retaining it as part of an investment portfolio. Properties combining an existing home with a consented development plot are rarely available, making this an attractive proposition for a wide range of buyers. The property briefly comprises an entrance hall, living room, kitchen, three bedrooms and a family bathroom. Externally, there are gardens together with the adjoining development land benefiting from planning permission. Situated on the popular Hundens Lane in Darlington, the property enjoys a convenient location close to a range of local amenities, supermarkets, schools and recreational facilities. Darlington town centre is just a short distance away, offering an extensive selection of shops, restaurants and leisure amenities. The property also benefits from excellent transport links via the A66 and A1(M), together with Darlington's mainline railway station providing direct services to Newcastle, York and London, making the area popular with both homeowners and investors. Tenure: Freehold EPC Rating: C

Accommodation

The supplied particulars indicate approximately 3 bedroom accommodation. Room layout, floor areas and dimensions should be confirmed from the auctioneer particulars, floor plan and inspection.

Location

Located in Darlington, County Durham. Investor due diligence should test local transport, employment, amenities and tenant demand at the exact micro-location. Cross-check the postcode and legal title before bidding.

Investment Analysis

The figures below separate auctioneer/source facts from HB indicative estimates. HB figures are screening assumptions only and are not a RICS valuation, contractor quotation or lending decision.

Investment Snapshot

Strategy Recommendation

The initial strategy should be tested against condition, legal structure, works, rental evidence and comparable values before setting a maximum bid. Development feasibility, access, services and planning are the core value drivers for this lot.

Works Required

• Boundary/title-plan verification

• Access and services investigation

• Planning review / pre-application advice

• Site clearance and ground-condition checks

• Detailed development cost plan

Rental & Market Context

A conventional residential rental estimate is not applicable to this land/development lot. Income should be assessed only where an existing use or credible consented scheme supports it.

Sold within approximately 5 miles

Reliable sold-property comparables were not collected from the supplied scrape. Check recent Land Registry evidence and closely comparable sold listings within approximately five miles, prioritising the same property type, size, tenure and condition.

Potential BRRR Position

Not applicable at this stage. Any refinance case depends on the eventual use, completed value and lender criteria.

Flip Analysis

The initial gross value spread is approximately £17,000–£67,000 before acquisition/disposal costs. This is not profit and excludes SDLT, auction/admin fees, legal costs, finance, holding costs, insurance, utilities, professional fees, selling fees, contingency and tax.

Investor Risks & Due Diligence

• Review legal pack, title and special conditions

• Confirm auction fees and completion period

• Obtain survey and works quotations

• Verify finance before bidding

• Check rental and sold comparable evidence

• Confirm planning, access, services, boundaries and ground conditions

Recommendation

Initial recommendation: Development / Land. Proceed only if the legal pack, condition, costs and local evidence support the required margin/yield. Treat the guide as a starting point rather than a valuation and set a disciplined maximum bid after due diligence.

Strategy Rating

• Development: ★★★★★

• Flip: ★★★★☆

• Buy-to-Let: ★★☆☆☆