Pygott & Crone says ..

Property Oracle says ..

This listing presents a building plot in Lincoln city centre, adjacent to 38 Victoria Street, with planning permission already granted for a detached house (Planning ref 2023/0392/CXN). The approved plans reveal a contemporary design, which from the artist impressions, suggests a modern and potentially energy-efficient build. The location is a key strength, placing the future property within easy walking distance of Lincoln’s amenities, including the train station, and various schools with good Ofsted ratings (Westgate Academy, The St Faith & St Martin Church of England Junior School, and Mount Street Academy are all nearby and rated ‘Good’ or ‘Outstanding’). The relatively low list price of £80,000 might reflect the limited size of the plot – it is crucial to examine the plot’s precise dimensions and any potential restrictions on building height or design to fully assess its value. The lack of specific details regarding the plot dimensions, along with the absence of information about aspects such as utility connections and potential ground conditions, makes it challenging to provide a conclusive assessment of the land’s value. The images showcase a modern interior and kitchen design which can be viewed as positive. The absence of existing photos, however, prevents a completely accurate assessment of the proposed build’s quality. Overall, this opportunity may present good value for the right buyer with the knowledge and resources to fully complete the construction, but due diligence will be essential before making a purchase commitment.

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

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