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Commercial Unit · 11 units
Figures provided by the sourcer · listed 9 Oct 2026
What you would need in the bank to complete, depending on how you buy.
An estimate from typical costs, not a quote, an offer of finance or financial advice. Purchase tax is at the rates for an additional property where the postcode area is, as at October 2026; a lender may lend less than shown. Check the figures with your broker and solicitor before you commit.
EXCITING DEVELOPMENT OPPORTUNITY – STANLEY, COUNTY DURHAM Potential £250,000 - £320,000 Gross Profit ROI: 39.7% - 50.8% An exciting opportunity for developers and investors to acquire a substantial former care home with significant residential conversion potential. The property extends to approximately - 715m², currently classified as C2 use, with initial architectural drawings prepared by Pyramid Architecture for a proposed conversion into 11 self-contained apartments. THE NUMBERS - Purchase Price: £180,000 - Estimated Development Costs: £450,000 - Total Investment: £630,000 - Estimated GDV: £880,000-£950,000 - Potential Gross Profit: £250,000-£320,000 - Gross ROI: 39.7%-50.8% TWO POTENTIAL EXIT STRATEGIES Develop & Sell: Convert into 11 apartments and sell individually, targeting the projected £880k GDV. Develop & Hold: Potential rental income of £66,000–£72,600 annually, based on £500–£550 pcm per apartment, representing a 10.5%–11.5% gross yield on the stated budget. KEY HIGHLIGHTS ✔ Substantial existing building ✔ Attractive purchase price ✔ Architectural drawings prepared ✔ Significant capital uplift potential ✔ Multiple investment exit strategies Full details and drawings available on request. Register interest to discuss! Subject to planning, valuations and due diligence. Returns exclude additional fees, finance, contingency and tax.
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