This calculator provides a guide to the amount of residential stamp duty you may pay and does not guarantee this will be the actual cost. This calculation is based on the Stamp Duty Land Tax Rates for residential properties purchased from 23rd September 2022 and second homes from 31st October 2024. For more information on Stamp Duty Land Tax, click here.
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£148,500
Land/Plot for sale, Victoria Terrace, Pelton, Durham, DH2
Features and Description
- For Sale by Modern Auction – T & C’s apply
- Subject to Reserve Price
- Buyers fees apply
- The Modern Method of Auction
A rare development opportunity, this generous plot of land comes with planning permission for three detached, four bedroom homes, each set on a substantial individual plot.
Positioned to the rear of Victoria Terrace, the site enjoys a semirural feel on the outskirts of the well-regarded villages of Newfield and Pelton Fell, within easy reach of Chester-Le-Street, County Durham. The location offers an attractive balance of village living with convenient access to local amenities, schools, transport links, and wider regional centres.
With planning permission granted under reference DM/23/00859/FPA, the scheme represents an ideal project for a local builder or developer seeking a high quality residential development in a popular area. The sizeable plots and approved designs provide scope for desirable family homes in a strong and established market.
Auctioneer Comments
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. For the most recent
information on the Buyer Information Pack fee, please contact the iamsold team.
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. This Fee is paid to reserve the property to the buyer during the
Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty.
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 £960 inc. VAT. These services are optional.
IMPORTANT NOTE TO POTENTIAL PURCHASERS:
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 travelling some distance to view. Fixtures and fittings other than those mentioned are to be agreed with the seller.
Victoria Terrace, Pelton, Durham, DH2
Additional Information
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Property refCST260069
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Local authorityDurham City Council
Reeds Rains Estate Agents Chester le Street
Do you have a property you need to sell?
Reeds Rains Estate Agents Chester le Street
Reeds Rains Chester le Street
Bridge End Chambers, Front Street, Chester-le-Street, DH3 3QY
Mon - Fri9:00 - 17:30Saturday9:00 - 16:00SundayClosed
Disabled access available
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Borrowing £133,650 and repaying over 25 years with a 2.5% interest rate.
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