Pygott & Crone says ..

Property Oracle says ..

This property is a redevelopment opportunity located on Cheal Road in Gosberton, Lincolnshire. The listing price is £220,000. The site includes existing farm buildings which are in need of significant repair or demolition. The surrounding area is primarily agricultural land, with a mix of residential properties of varying sizes and styles. There are a number of primary schools within a reasonable distance, with Gosberton House Academy being rated ‘Outstanding’ by Ofsted. The nearest train station is in Spalding, approximately 7.19km away. Given the rural location, access to amenities may be limited, requiring reliance on private transport. The property’s value is heavily dependent on planning permission for redevelopment and the potential for building new homes. The lack of comparable properties with similar land and building characteristics makes it difficult to assess the property’s value definitively. The average house price in the area is significantly higher than the listing price, but this is not directly comparable given the nature of this land sale.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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