Land · SR4 9JY
For saleListed 8 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lot 3 of Flinton Hill Farm comprises grazing pastureland in a single enclosure, currently divided into four parcels, with good access extending to approximately 16.46 acres.
Location - Flinton Hill lies just off the A19 between the A183 and the A690, approximately 2 miles north of Houghton-le-Spring and 3 miles west of Sunderland town centre.
The A1(M) is about 10 minutes by car and the A690 provides a fast link between Durham and Sunderland. Durham Station is on the main East Coast line giving regular rail access to Newcastle and London.
Newcastle International Airport is about 22 miles away.
The nearest town is Houghton-le-Spring which offers day to day amenities, schooling, comprehensive leisure facilities and excellent access to the principal agricultural markets and rural professional services of the North East, making it an attractive location for both residential and rural business interests.
Herrington Country Park lies along the western boundary. Description - Lot 3 comprises a block of permanent grassland, currently partitioned into four fields.
The land is let under an annual commercial horse grazing licence. Further details are available from the Selling Agents.
Any buildings or other structures will be removed from Lot 3 prior to completion. General Information - The land and buildings will be available with vacant possession on completion.
Annual commercial horse grazing licences are in place at Lot 1 and Lot 3. Details of the leases and licences are available from the Selling Agents.
The property is sold subject to and with the benefit of all rights of way whether public or private, rights of water, light, support, drainage, electricity and other rights and obligations, easements, quasi-easements, restrictive covenants and all existing and proposed wayleaves whether referred to or not.
Lot 3 is accessed from Foxcover Road. A detailed access plan is available from the Selling Agents. There is a Bridleway that traverses the land.
There are wayleaves in favour of National Grid and an easement in favour of Northern Gas. Further details are available from the Selling Agents. The land lies adjacent to Herrington Country Park.
Sporting Rights and Mineral Rights are excluded from the Property insofar as reserved by historic conveyances. Parts of the Property are also subject to historic National Coal Board rights.
An administrative fee of £37.50 per person will be charged to cover the cost of the necessary Anti-Money Laundering checks.
Viewings - Appointments to view will be through either of the joint Selling Agents only by calling: GSC Grays Farm Agency - T: Strutt & Parker – Estates & Farm Agency - T:
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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 Lot 3 - Flinton Hill Farm, Penshaw, Sunderland
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