Number 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 planning permission for the construction of a three bedroom dwelling on the adjoining land. The existing property offers well-proportioned accommodation and scope for refurbishment and modernisation. Externally, there are gardens together with adjoining development land benefiting from planning permission.

Accommodation

Entrance hall, living room, kitchen, three bedrooms and a family bathroom.

Location

Situated on Hundens Lane in Darlington, close to local amenities, supermarkets, schools and recreational facilities. Darlington town centre is a short distance away. The property has transport links via the A66 and A1(M), and Darlington mainline railway station provides direct services to Newcastle, York and London.

Tenure / Property Information

Investment Analysis

The supplied completed sales on Hundens Lane range from £76,000 to £95,000, with the most recent sale at £90,000 in November 2024 and a simple average of £84,200. A base existing-property value of £90,000 is supportable by the most recent comparable, with low and high scenarios of £82,500 and £95,000. The comparables do not state bedroom count, condition or whether they included development land, so no reliable value uplift can be attributed to the adjoining plot or planning permission.

Investment Snapshot

Strategy Recommendation

Proceed only after verifying the planning permission, development viability, condition and full acquisition costs. Do not underwrite the site on development uplift without a supported residual valuation.

Works Required

Refurbishment and modernisation of the existing three-bedroom accommodation, subject to inspection. Planning, design and development works for the adjoining permitted three-bedroom dwelling require separate review; no detailed scope or cost evidence is supplied.

Rental & Market Context

Sold Comparables

The following completed sales were identified within approximately 5 miles:

Potential BRRR Position

A BRRR assessment cannot be reliably completed. The base existing-property value implies a 75% refinance figure of £67,500, but total acquisition, refurbishment, development and finance costs are unknown. The value contribution of the adjoining permitted development land is also unsupported.

Buy-to-Let Analysis

BTL analysis cannot be established because no sufficiently specific rental evidence or auctioneer rent estimate is supplied. Refurbishment costs, buyer premium and other acquisition charges are also not quantified.

Flip Analysis

A flip assessment cannot be reliably completed. The existing-property comparable range is £82,500–£95,000, but refurbishment costs, development costs, selling costs and the value of the permitted new dwelling are not supplied.

Investor Risks & Due Diligence

• The supplied comparables do not confirm bedroom count, condition or inclusion of development land.

• The value and viability of the adjoining land and stated planning permission cannot be assessed without the planning details and development information.

• Refurbishment scope and cost are not quantified.

• No reliable rental evidence is available.

• The buyer premium is unspecified and a £3,600 including VAT non-refundable admin charge applies on exchange.

• Additional search, seller-cost reimbursement, legal, transfer and other disbursement charges may apply.

Recommendation

Proceed only after verifying the planning permission, development viability, condition and full acquisition costs. Do not underwrite the site on development uplift without a supported residual valuation.

Strategy Rating

Analysis Confidence

There are several relevant completed sales on the same road, but bedroom mix, condition and development-land inclusions are unknown. Rental evidence, refurbishment costs, planning details, buyer premium and other transaction costs are missing.