Willsons says ..

Property Oracle says ..

This listing from Willsons presents a development opportunity in the desirable coastal area of Sandilands, Sutton on Sea, Lincolnshire. The property is a plot of land with full planning permission (granted November 24th, 2022) for constructing a holiday cottage. The location is attractive due to its coastal setting, and while precise transportation links aren’t specified, several primary schools are within a reasonable distance, potentially making this appealing to families or those interested in a holiday let business.

The aerial and ground-level photographs illustrate a significant-sized grassy area. The site plan further reinforces this, showcasing the considerable dimensions of the land and its surrounding properties. The planning permission eliminates the risk and time associated with obtaining approval, potentially streamlining the development process for a buyer. The lack of detailed information on the plot’s size (square footage) and the absence of precise price-per-square-foot figures for plots in the immediate vicinity hinder a complete assessment of the price-per-unit value. However, relative to other properties for sale in neighboring streets, this price appears competitive given the already obtained planning permission.

Overall, this is a promising investment opportunity for those wanting to develop a holiday home in an attractive seaside location. However, prospective buyers should conduct thorough due diligence and seek independent professional advice to validate the development plans and ensure the projected return on investment aligns with their expectations. Further investigation into the exact plot size and a comparison with similar plots in the area would enhance this assessment.

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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