Modern Method of Auction
Auction date not yet published
Land · DH9 8AW
For saleListed 44 days
Opportunity summary
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About
Residential development opportunity – full planning permission granted Land at Shield Row House, Sunny Terrace, Stanley, County Durham, DH9 8AW A rare opportunity to acquire a residential development site with full planning permission for the demolition of the existing detached dwelling and garage and the construction of two detached residential properties with a detached triple garage.
The site occupies an established residential position on Sunny Terrace, Stanley, within an existing residential setting and offers an excellent opportunity for a developer, builder or investor seeking a consented development project in County Durham.
Planning permission was granted under County Durham Council application reference DM/22/02394/fpa for: “Demolition of existing detached dwelling and garage and construction of two detached dwellings and detached triple garage.” The permission provides for the creation of two new detached homes, together with a substantial detached triple garage, subject to the approved plans and conditions.
A subsequent application, DM/23/02492/drc, was approved in August 2024 for the discharge of specified planning conditions relating to materials, site investigation and coal mining matters.
The site is situated in Stanley, a well-established County Durham town offering a range of local amenities, schools, shops and transport links.
The surrounding area is predominantly residential, providing an attractive setting for new-build family homes.
Interested parties are advised to make their own enquiries with County Durham Council and satisfy themselves as to the planning permission, approved drawings, conditions, site boundaries, services and development potential.
Planning application number DM/23/02492/drc This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 day Reservation Period.
Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee.
The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT.
Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £500 inc. VAT.
These services are optional.
Important Note to Potential Purchasers & Tenants: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact.
The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given.
All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed.
If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view.
Potential purchasers: Fixtures and fittings other than those mentioned are to be agreed with the seller.
Potential tenants: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details.
A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions.
Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases. STA260336/8
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
Archie refurb estimate: a Pro feature
0.0% below starting price
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
Deal
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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
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FAQ
About Land At Shield Row House,, Sunny Terrace, Durham
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