Guide Price £80,000
Front Street, Burnopfield, Newcastle upon Tyne
Recently Sold
    5 bedroom terraced house for sale
     
    **UNCONDITIONAL AUCTION - GUIDE**OFFERS INVITED BETWEEN** £80,000-£110,000k**Development opportunity - Gross Development Value approx. £250k - 270k - Cost of works estimated £60k - 80k.

    !!! CALLING ALL INVESTORS, DEVELOPERS & LOCAL BUILDERS !!!

    Rarely does an opportunity like this come to market...

    FULL PLANNING GRANTED for 2 separate dwellings with a combined Gross Development Value approx £250,000 - £270,000.

    16a - 3 Bed Terrace. Entrance Hall, Living Room, Large Breakfasting Kitchen, Downstairs W.C, Landing to 3 Bedrooms, Bathroom. Garden and Off Street Parking to the Rear.

    16b - 2 Bed Terrace. Entrance Hall, Living Room, Kitchen, Landing to 2 Bedrooms, Bathroom. Garden and Off Street Parking to Rear.

    Planning link: https://publicaccess.durham.gov.uk/online-applications/applicationDetails.do?keyVal=QXXH7GGDHRP00&activeTab=summary

    Panning Ref: DM/21/02902/FPA

    GDV

    16a - 3 bed terrace of that size of will fetch between £135,000 - £145,000.

    16b - 2 bed terrace will be in the region of £115,000 - £125,000.

    From a re-valuation perspective £250,000 - £270,000 is realistically achievable.

    Estimated costs for the work are between £60,000 - £ 80,000.

    **OFFERS INVITED BETWEEN £80,000 - £110,000**
    Ideal Development Opportunity
    Planning in Place for Two First Time Buyer Homes
    One Three Bedroom & One Two Bedroom
    Double Fronted Part Stone Build
    Sizeable Attached Store Room to the Rear
    Central Village Location

    The property is sold by an Iam Sold staff member. Iam Sold provide Auction Services for Jan Mitchell Properties.
    Reference: RS0490

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    To arrange a viewing for this property, please call us on 0191 432 4244, or complete the form below:

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