Chapel Lane, Addlethorpe, PE24
By Newton Fallowell
£ 125,000
Reviews
2 out of 5 stars
Newton Fallowell says ..
A Freehold BUILDING PLOT in a lovely semi rural village location just a short drive from Addlethorpe Golf Course and the coast. With Full Planning Permission for a 4 Bedroom Detached House. The plot currently occupies a detached bungalow which is to be demolished.
Property Oracle says ..
This property is a plot of land located in Addlethorpe, Lincolnshire. The location is relatively close to a few schools, with Ingoldmells Academy being the closest at approximately 1.60 KM. The nearest train station is Skegness, approximately 5.91 KM away. The property itself is a plot of land with an existing bungalow that appears to be in need of significant renovation. The land size is not specified, but aerial imagery suggests a relatively small plot. Considering the average house price in the area is significantly higher (around £304,324) and the condition of the existing structure, the list price of £125,000 may seem reasonable for the land alone, provided the plot size is sufficient and planning permission is obtainable for redevelopment. However, the cost of renovation of the existing structure would need to be factored in to determine overall value.
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
- 3
- Location
- 6
- Land
- 4
- Bedrooms
- 0
- Bathrooms
- 0
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Metrics Year-on-Year
- Average area value
- 282,222.00 £Decreased by 4.78 %
- Average area rental value
- 1,223.00 £/moIncreased by 4.80 %
- Est rental Yield
- 5.20 %Increased by 10.17 %
- Crime Rate
- 0.00 %
Agent Activity
Newton Fallowell created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| Ingoldmells Academy | Academy Sponsor Led | Good | 1.60 KM |
| Chapel St Leonards Primary School | Academy Sponsor Led | 3.75 KM | |
| Hogsthorpe Primary Academy | Academy Converter | Good | 4.23 KM |
| Skegness And Alford Children'S Centre | Children's Centre | 4.61 KM | |
| Seathorne Primary Academy | Academy Converter | 4.62 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Rectory Lane | £ 0 | 0 | 0.00 KM |
| St Nicholas Close | £ 295,000 | 0 | 0.00 KM |
| Mill Road | £ 0 | 0 | 0.00 KM |
| Chapel Road | £ 0 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Skegness | 6265 | SKG | 5.91 KM |
| Havenhouse | 6260 | HVN | 9.91 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Chapel Lane, Addlethorpe, PE24 | £ 125,000 | BUY | 5 / 10 | 0.00 KM |
| Chapel Lane, Addlethorpe, Skegness | £ 270,000 | BUY | 6 / 10 | 0.00 KM |
| Chapel Lane, Addlethorpe, Skegness | £ 200,000 | BUY | 6 / 10 | 0.21 KM |
| Chapel Lane, Addlethorpe, Skegness | £ 315,000 | BUY | 5 / 10 | 0.24 KM |
| Chapel Lane, Addlethorpe, Skegness | £ 280,000 | BUY | 6 / 10 | 0.24 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| Country Fair | £ 263,000 | 0.00 KM |
| Millstone | £ 188,500 | 0.00 KM |
| Linby Lodge | £ 244,950 | 0.00 KM |
| Abbey Lodge | £ 247,500 | 0.00 KM |
| East View | £ 66,000 | 0.00 KM |