Fairweather Estate Agency says ..

Property Oracle says ..

This listing presents a development opportunity in Old Leake, Lincolnshire. The property is a plot of land on Church Road with outline planning permission granted for the construction of four new dwellings. This is reflected in the provided architectural drawings showing the proposed layout of the building. The location is described as centrally located within the village, offering easy access to local amenities, including schools like The Giles Academy and The Old Leake Primary and Nursery School (both within a kilometer). The proximity to these schools could make this an attractive prospect for families. The site plan reveals the plot’s size and its position on Church Road. However, crucial information such as the exact square footage of the land, the anticipated size of each of the four properties to be built, and detailed specifications of the planned builds are lacking. This makes a complete evaluation of value challenging. The absence of photographs showing the existing state of the plot also limits the assessment. Whilst the list price of £160,000 is placed in context by comparables (nearby properties for sale), these comparisons are also limited by the missing sqft data. A thorough analysis would require a site visit and detailed building plans to accurately assess the true development cost and potential return on investment. The listing is marketed as a development opportunity; prospective buyers should undertake their own due diligence to confirm the viability of the project before committing to purchase. Specifically, a detailed review of planning permission conditions, build costs, and potential rental yields/sale prices once complete would need to be investigated in detail.

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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