Davids Lane, Benington, PE22
NE

Davids Lane, Benington, PE22

By Newton Fallowell

£ 100,000

Reviews

2 out of 5 stars

Newton Fallowell says ..

** FOR SALE BY UNCONDITIONAL ONLINE AUCTION ** A unique development opportunity to acquire a prime piece of residential development land with planning permission for the conversion of the hall into an impressive three bedroom residence or for the complete demolition of the hall and outline pla...

Property Oracle says ..

This property in Benington, Lincolnshire, is marketed as a development opportunity. The existing structure appears to be an older building in need of significant repair or refurbishment, or possibly demolition. The substantial plot of land offers considerable potential for redevelopment, which is supported by existing planning permission for a three-bedroom residence. The location is semi-rural, offering a peaceful setting but with limited immediate access to amenities. Nearby schools are a positive aspect. The listed price of £100,000 is significantly lower than neighbouring properties, suggesting it could present good value, particularly for those with development experience. However, thorough investigation of potential costs and planning regulations is essential prior to any purchase. The lack of internal images and detailed square footage information limits a thorough assessment. Further investigation is needed to assess both the condition of the current building and also the viability of any proposed renovation, extension, or new build projects, as well as the impact of potential costs and the required time investment. A buyer should also consider market conditions and likely sales prices for the potential finished product. Due to the fact that the property is only being sold via auction this is also important to take into account and the risks that such a sale may present.

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
5
Land
6
Bedrooms
0
Bathrooms
0

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
606,250.00 £
Increased by 40.05 %
from 432,888.00 £
Average area rental value
1,069.00 £/mo
Decreased by 1.29 %
from 1,083.00 £/mo
Est rental Yield
2.12 %
Decreased by 29.33 %
from 3.00 %
Crime Rate
0.00 %
from 0.00 %

Agent Activity

  • Newton Fallowell created the listing.

Nearby Schools

NameTypeOfstedDistance
The Butterwick Pinchbeck'S Endowed Cofe Primary SchoolVoluntary Aided SchoolGood3.10 KM
The Giles AcademyAcademy Sponsor Led3.90 KM
The Old Leake Primary And Nursery SchoolFoundation SchoolGood4.13 KM
Old LeakeChildren's Centre Linked Site4.29 KM
Aspiration House SchoolOther Independent Special School4.85 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
David's Lane £ 240,00000.00 KM
Main Road £ 000.00 KM

Nearby Listings

AddressPriceTypeScoreDistance
Davids Lane, Benington, PE22 £ 100,000BUY5 / 100.00 KM
Davids Lane, Benington, Boston, PE22 £ 169,950BUYUnknown0.22 KM
Bede Crescent, Boston £ 199,950BUY6 / 100.63 KM
Bede Crescent, Benington, PE22 0DZ £ 189,950BUY7 / 100.66 KM
Finkle Street, Benington, PE22 £ 349,950BUY6 / 100.71 KM

Nearby Properties

AddressPriceDistance
Clematis £ 155,0000.12 KM
Post Office Cottage £ 205,0000.12 KM
The Rectory £ 490,0000.12 KM
Roselea £ 102,0000.12 KM
Church View £ 193,0000.12 KM