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10.02 acres, 1 and 2 Lea Lane, County Durham
For Sale - Guide Price £350,000

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General Description

1 & 2 Lea Lane represents an opportunity to add value by modernising both properties. With the added benefit of 10.02 acres of adjoining grassland, the property would be ideal for the creation of a smallholding or equestrian property. The properties have scope for conversion into one larger home or to be extended, subject to the necessary planning consents. Both properties have views over the surrounding countryside.

10.02 Acres of Land
The 10.02 acres of land is to the south of 1 & 2 Lea Lane and is accessed from two points along Sunderland Road. It could also be accessed on foot from the rear gardens of both properties by simply installing a gate. Currently laid to grass, the boundaries are mainly hedges with some post and rail. The land is currently not stock proof.

Services/Additional Information
1 & 2 Lea Lane are connected to mains water, mains electricity, mains gas and a private drainage system which is located to the north of 1 Lea Lane. The system and maintenance cost is shared between the eight households of Lea Lane. The land is not currently connected to any services.

In the event that the Buyer or their successors in title obtain planning consent to carry out any form of development (other than for agricultural or equestrian use) they will pay 50% of the net uplift in value to the Seller, or their successors. This provision will run for 30 years from the date of purchase and the trigger will be the granting of planning permission, or a sale with its benefit. For the avoidance of doubt, this overage provision will be applicable to all lots.