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Property
West Auckland, Bishop Auckland, Durham, DL14
Planning
£199,950
Next Steps
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Our Summary
- The land offers flexible potential for a wide range of rural pursuits
- This means that if, at any point within the next 25 years, planning permission is granted for residential use, a payment will become due to the seller or their successors in title
- The clawback applies to the uplift in value created by the granting of planning consent
- In practical terms, the land would be professionally valued immediately before planning permission is secured and then valued again immediately after permission is granted
- The difference between these two figures represents the uplift in value
- Under the terms of this agreement, 25% of that uplift would be payable to the seller or their successors
- This provision does not prevent a future owner from seeking planning permission, nor does it restrict the use of the land for agricultural, equestrian or amenity purposes
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Description
The property is a 22.52 acre (9.11 ha) block of land with a mix of grazing and hay meadows and a natural water supply, including a river running through the centre. The land is well-fenced and offers gated access from behind The Manor House Hotel. The site has flexible potential for a variety of uses, including equestrian interests, livestock grazing, hay production, and hobby or smallholding activities.
There are two public footpaths running through the land, one of which is fenced.