Lynn Road, Wisbech
MA

Lynn Road, Wisbech

By Maxey Grounds

£ 575,000

Reviews

3 out of 5 stars

Maxey Grounds says ..

A Residential Development Site with Outline Planning Consent for three dwellings, together with existing Commercial premises, located within the Fenland Market Town of Wisbech and extending in total to approximately 0.33 Hectare (0.81 Acre). The site is offered For Sale as a Whole. 

Property Oracle says ..

This property in Wisbech, Cambridgeshire, is a residential development site with outline planning permission for three dwellings, along with existing commercial premises. The site occupies a sizable area of approximately 0.81 acres, which represents a significant asset. The location on Lynn Road offers proximity to several schools, though the educational quality varies according to Ofsted ratings. The site’s accessibility to local amenities needs further clarification. The aerial image shows the existing buildings may require substantial work, potentially even demolition, before the development can commence. The price of £575,000 requires further analysis, particularly regarding the cost of demolition and the potential value of the finished three dwellings. Nearby property prices show considerable variation, making direct comparison challenging. Overall, the property presents a development opportunity but requires careful consideration of potential renovation costs and the market demand for new builds in the area. Buyers should carefully assess the detailed planning permission, obtain professional surveys and valuations before making any investment decision.

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

Price
7
Condition
3
Location
6
Land
8
Bedrooms
0
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
257,476.00 £
Increased by 20.60 %
from 213,489.00 £
Average area rental value
1,276.00 £/mo
Increased by 2.82 %
from 1,241.00 £/mo
Est rental Yield
5.95 %
Decreased by 14.76 %
from 6.98 %
Crime Rate
3.00 %
Unchanged by 0.00 %
from 3.00 %

Agent Activity

  • Maxey Grounds created the listing.

Nearby Schools

NameTypeOfstedDistance
Clarkson Infants SchoolCommunity SchoolGood0.29 KM
St Peter'S Cofe Aided Junior SchoolAcademy Sponsor LedRequires improvement0.34 KM
The Oasis Child And Family CentreChildren's Centre0.85 KM
Orchards Church Of England AcademyAcademy Sponsor Led1.00 KM
Ramnoth Junior SchoolAcademy Sponsor LedSpecial Measures1.35 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Nelson Gardens £ 260,00000.00 KM
Turnpike Close £ 220,00000.00 KM
Beechwood Road £ 000.00 KM
Norwich Road £ 121,66700.00 KM
Colvile Road £ 216,00000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Lynn Road, Wisbech £ 575,000BUY6 / 100.00 KM
Lynn Road, Wisbech, Cambridgeshire, PE13 3EE £ 400,000BUY5 / 100.03 KM
Fenland Road, Wisbech, Cambridgeshire, PE13 3QD £ 260,000BUY7 / 100.12 KM
Waterlees Road, Wisbech, Cambridgeshire £ 195,000BUY6 / 100.14 KM
Apeldoorn Walk, Wisbech £ 250,000BUY7 / 100.16 KM

Nearby Properties

AddressPriceDistance
234 Lynn Road £ 185,0000.04 KM
226 Lynn Road £ 247,5000.04 KM
7 Waterlees Road £ 92,5000.14 KM
22 Waterlees Road £ 148,0000.14 KM
34 Waterlees Road £ 167,5000.14 KM