Exciting development opportunity in central Boston Spa!
LA

Exciting development opportunity in central Boston Spa!

By Land & New Homes

£ 500,000

Reviews

2 out of 5 stars

Land & New Homes says ..

This is a rare opportunity to acquire a property with significant potential in a fantastic location. Ideal for developers, investors, or those seeking a bespoke residential project...

Property Oracle says ..

This property in Boston Spa presents a unique opportunity for developers or investors seeking a renovation or new build project in a highly desirable location. The current state requires considerable work before it becomes a habitable residential property. The architectural plans hint at the potential for a substantial and attractive home. The strategic location within Boston Spa, alongside its strong schools and amenities and close proximity to Wetherby and Leeds make it an attractive proposition. The absence of precise details regarding plot size, and the lack of clarity on permitted developments and planning permission could introduce uncertainty. Buyers should therefore conduct detailed due diligence and consult with professionals before proceeding with a purchase. The current images show a property that needs substantial work, with a large section that appears to have a lack of exterior facing windows or doors which could pose a significant construction issue for potential developers. While the village is an attractive and desirable place to live, the fact that the property is currently not inhabitable makes it a risky investment, especially given other more immediately habitable properties available in the same area at potentially lower prices. This should be carefully considered given the high price point.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
8
Land
2
Bedrooms
3
Bathrooms
2
Sqft (est)
1,862.80

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
378,747.00 £
Decreased by 17.05 %
from 456,590.00 £
Est sale value
739,531.60 £
Increased by 20.30 %
from 614,724.00 £
Average area rental value
1,460.00 £/mo
Increased by 10.61 %
from 1,320.00 £/mo
Est letting value
1,862.80 £/mo
from 0.00 £/mo
Est rental Yield
4.63 %
Increased by 33.43 %
from 3.47 %
Crime Rate
17.00 %
Unchanged by 0.00 %
from 17.00 %

Agent Activity

  • Land & New Homes marked this listing as sold.

  • Land & New Homes created the listing.

Nearby Schools

NameTypeOfstedDistance
St Mary'S Church Of England Controlled Primary School Boston SpaVoluntary Controlled SchoolGood0.26 KM
St John'S Catholic Specialist School, Boston SpaNon-maintained Special SchoolRequires improvement0.79 KM
Primrose Lane Primary SchoolFoundation SchoolRequires improvement0.91 KM
Lady Elizabeth Hastings' Cofe Va Primary School, Thorp ArchVoluntary Aided SchoolGood0.92 KM
West Oaks SchoolCommunity Special SchoolOutstanding0.99 KM

Images

Screenshot 2024-11-11 111833.jpg DJI_20241104102049_0016_D-HDR.jpg DJI_20241104102144_0022_D-HDR.jpg DJI_20241104101840_0001_D-HDR.jpg DJI_20241104101938_0010_D-HDR.jpg New Barn House, Hall Mews, Boston (1).jpg

Nearby Streets

NameAverage PriceAverage SqftDistance
Grove Terrace £ 260,00000.00 KM
Grove Court £ 767,50000.00 KM
Grove Place £ 310,00000.00 KM
Bridge Close £ 170,00000.00 KM
St Mary's Street £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Exciting development opportunity in central Boston Spa! £ 500,000BUY5 / 100.00 KM
Boston Spa, Hall Mews, LS23 £ 195,000BUYUnknown0.01 KM
Boston Spa, Hall Mews, Clifford Road, LS23 £ 205,000BUY7 / 100.01 KM
Beeches End, Boston Spa, LS23 £ 600,000BUY7 / 100.11 KM
Boston Spa, Beeches End, LS23 £ 875,000BUY7 / 100.11 KM

Nearby Properties

AddressPriceDistance
3 Hall Close £ 296,0000.07 KM
8 Hall Close £ 268,0000.07 KM
6 Hall Close £ 245,0000.07 KM
4 Hall Close £ 320,0000.07 KM
1 Hall Close £ 421,0000.07 KM