House · DL15 9EE
For saleListed 274 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Bradley Hall are excited to market a unique opportunity for the development of Gladstone House. The site is situated in Crook, a town located around 9 miles south-west of Durham City Centre.
It offers strong transport connections, with easy access to both the A1(M) and A68.
The site is located within the Crook Conservation Area and nearby both residential dwellings and the commercial Market Place.
The site extends to approximately 0.08 acres of land and benefits from full planning permission for 2no. two storey dwellings and 2no. apartments.
The property also presents a buyer an opportunity to create a substantial house subject to obtaining the relevant permissions.
The site benefits from approved full planning permission for the conversion of offices to 4no.
Dwellings including the removal of an existing single storey extension and the installation of windows and doors. Further information can be found at Durham County Council’s Planning Portal.
Reference: DM/23/01327/FPA.
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 Gladstone House, 1 Gladstone Street, Crook, DL15
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