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 %
- Est sale value
- 739,531.60 £Increased by 20.30 %
- Average area rental value
- 1,460.00 £/moIncreased by 10.61 %
- Est letting value
- 1,862.80 £/mo
- Est rental Yield
- 4.63 %Increased by 33.43 %
- Crime Rate
- 17.00 %Unchanged by 0.00 %
Agent Activity
Land & New Homes marked this listing as sold.
Land & New Homes created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| St Mary'S Church Of England Controlled Primary School Boston Spa | Voluntary Controlled School | Good | 0.26 KM |
| St John'S Catholic Specialist School, Boston Spa | Non-maintained Special School | Requires improvement | 0.79 KM |
| Primrose Lane Primary School | Foundation School | Requires improvement | 0.91 KM |
| Lady Elizabeth Hastings' Cofe Va Primary School, Thorp Arch | Voluntary Aided School | Good | 0.92 KM |
| West Oaks School | Community Special School | Outstanding | 0.99 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Grove Terrace | £ 260,000 | 0 | 0.00 KM |
| Grove Court | £ 767,500 | 0 | 0.00 KM |
| Grove Place | £ 310,000 | 0 | 0.00 KM |
| Bridge Close | £ 170,000 | 0 | 0.00 KM |
| St Mary's Street | £ 0 | 0 | 0.00 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Exciting development opportunity in central Boston Spa! | £ 500,000 | BUY | 5 / 10 | 0.00 KM |
| Boston Spa, Hall Mews, LS23 | £ 195,000 | BUY | Unknown | 0.01 KM |
| Boston Spa, Hall Mews, Clifford Road, LS23 | £ 205,000 | BUY | 7 / 10 | 0.01 KM |
| Beeches End, Boston Spa, LS23 | £ 600,000 | BUY | 7 / 10 | 0.11 KM |
| Boston Spa, Beeches End, LS23 | £ 875,000 | BUY | 7 / 10 | 0.11 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 3 Hall Close | £ 296,000 | 0.07 KM |
| 8 Hall Close | £ 268,000 | 0.07 KM |
| 6 Hall Close | £ 245,000 | 0.07 KM |
| 4 Hall Close | £ 320,000 | 0.07 KM |
| 1 Hall Close | £ 421,000 | 0.07 KM |