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Plot 5, Tothby Lane, Alford - Image 1
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Plot 5, Tothby Lane, Alford

East Midlands

£165,000
Listed on 04/11/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This spacious plot represents a rare opportunity for those interested in development or investment in the charming town of Alford. Nestled on the edge of town, it offers a unique blend of countryside tranquility while remaining within walking distance to local amenities. The generous 0.28-acre site is part of an exclusive residential development, with full planning permission already in place for a four-bedroom detached home totaling approximately 310 square meters. The proposed design includes ample living areas with an open-plan kitchen and dining space, complemented by three distinct reception rooms. The upper level features two well-appointed double bedrooms, each with dressing areas and en-suite bathrooms, alongside two additional double bedrooms. This thoughtful layout promises comfortable family living or an appealing rental option. Access to this plot is facilitated via a shared private driveway, with maintenance responsibilities divided among all plots in the development. Notably, Plots 1-4 are already under construction and sold to private individuals, indicating strong interest and investment potential in this area. Alford itself is renowned for its community spirit and historic charm. It boasts a selection of essential services including shops, a supermarket, pubs, and good transport links to nearby towns via the A16 trunk road. The picturesque surroundings not only provide scenic views but also allow residents to enjoy nearby outdoor activities in the Lincolnshire Wolds and along the coast. This property is offered freehold with vacant possession upon completion, making it an attractive prospect for builders or investors looking to capitalize on the existing planning permissions while contributing to an evolving neighborhood that values both heritage and modern living. Viewing arrangements can be made easily through the agent, and potential buyers are encouraged to explore all aspects of this exciting development opportunity. This plot is pegged out for convenience during viewings, allowing prospective owners to visualize their future home amidst the tranquil surroundings of Alford.

Investment Analysis

(LN13 area)
Area Average
£226/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
4
Average per month
Market Turnover
3%
Properties sold annually

Local Market Trend (LN13)

Area prices are falling by +10.6% over the last 12 months
3 year growth: -13.4%
5 year growth: 2.0%
Investment Disclaimer: Analysis based on LN13 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

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Location

Plot 5, Tothby Lane, Alford
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