The list price of £280,000 for a development plot needs to be assessed in relation to the potential return from building the permitted eleven dwellings. While the price might seem reasonable if the development plans are executed successfully, there are inherent market risks and costs associated with a new-build project that need to be factored in. Therefore, a middling price score is assigned.

The provided photos show a vacant plot of land. While the land appears relatively level and free from significant debris, it is not developed. The existing fencing and some visible ground cover suggest minimal landscaping or prior development. As it’s simply land for development, a low condition score is appropriate.

The property is located in Cleethorpes, a seaside town in North East Lincolnshire. Cleethorpes benefits from its proximity to the coast, offering recreational opportunities. The presence of nearby schools, such as Elliston Primary Academy (Outstanding Ofsted rating) and Reynolds Primary Academy (Good Ofsted rating), adds to the location’s appeal for families. The relatively close distance to Cleethorpes train station also provides convenient access to other areas. However, the specific location on Grimsby Road may be less desirable to some buyers than more central locations within Cleethorpes.

The property consists of a substantial plot of land with planning permission for eleven dwellings, indicating a considerable size. This makes it suitable for a development project, therefore receives a high land score