Will Barker & Co Limited says ..

Property Oracle says ..

This listing presents a development opportunity for a substantial residential project. The site, located on Spendluffe Avenue in Alford, Lincolnshire, comprises 1.40ha (3.46 acres) of undeveloped land with outline planning permission granted. Its position on the edge of town suggests a balance between rural serenity and proximity to the amenities of Alford. Nearby schools, including Alford Primary School and John Spendluffe Technology College, enhance the location’s appeal for families. While the exact condition of the land is not described in detail, it appears suitable for development. The photos show a relatively flat and clear site, lacking significant obstacles. However, the list price of £675,000 is crucial; this represents significant investment. Determining the actual value requires detailed cost-benefit analysis that includes development costs, potential sale prices of the built units, and consideration of market demand and construction timelines in the Alford region. The lack of precise details on average price per square foot for land of this type in Alford limits accurate price-per-unit assessment. Potential buyers should conduct thorough due diligence including obtaining independent valuations and engaging specialists in the development of similar projects to fully assess the feasibility of this project and the overall investment value before committing to a purchase.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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