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Residential Development for sale

Stanhope Castle, Stanhope, County Durham


Property Description

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An exclusive opportunity has arisen to acquire a plot of land within this exquisite location. Situated amongst the grounds of Stanhope Castle, there are five individual plots available, which can be purchased together for £475,000 or a single plot of land can be purchased for £100,000. Approved planning permission to build three detached bungalows and two detached houses on this fantastic three-quarter acre plot - however, there are alternative planning permissions that can be discussed with the land owner.

All to be leasehold properties, with a current 999 year lease in place.

This undeveloped opportunity is a great investment, with the land plots having an estimated worth of £1.7m once finished.

Land available now.

Stanhope is a small, historical market town within County Durham. Situated on the River Wear, to the south of Newcastle upon Tyne and to the north of Darlington, whilst also surrounded by moorland in the North Pennines. The eighteenth century Stanhope Castle, can be found in the centre of the town, thought to be situated on a medieval caste site. It has access to major road links as well as highly regarded schooling at all levels.

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