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See how verdicts work16 × 1-bed bungalow · DH6 3DU
For saleListed 1261 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Description - Freehold - Close to A19 & A1 - Planning for 7 Executive Detached Houses - Residential Development - 7 Miles from Durham City - Circa 1.1 Acres - Elevated Site - Stunning Rural Views - Exciting residential development opportunity.
This fabulous site extends to circa 1.1 acres and currently has detailed planning for 7 executive detached houses. The site has previously had planning for 14 houses.
Additionally nhs England have approached the vendor and a sketch scheme has been prepared for 16 one bedroom bungalows. Occupying an elevated site with stunning rural views.
Thornley is a popular village only 7 miles from Durham, 4 miles to A19 and A1M, 12 miles to Sunderland, 25 miles to Newcastle.
We expect this development site to be in high demand following the success of near by self build site of 'Dunelm Stables'
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Gore Hill Estate, Thornley
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