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Main Street, Greatford, Stamford

East Midlands

£525,000
Listed on 20/07/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot spans approximately 0.38 acres and is situated in the well-established village of Greatford, just 5.5 miles east of Stamford. Greatford is a quaint rural area featuring a village hall, a church, and The Hare & Hounds public house. The surrounding countryside offers a peaceful environment while still providing easy access to nearby towns such as Stamford, Bourne, and Market Deeping, which boast a range of amenities and highly regarded schools including Bourne Grammar School. The plot comes with granted planning permission for a substantial six-bedroom detached home designed over two floors, offering around 350 square meters (approximately 3,767 square feet) of living space, along with additional features like garaging and balconies. This presents an excellent opportunity for investment or personal development in an attractive location. The layout of the proposed dwelling includes modern amenities ideal for family living: a double-height reception hall, multiple living spaces, a kitchen dining area with a walk-in pantry, and a garden room. The first floor is designed to maximize comfort with a master suite complete with an ensuite bathroom and terrace, alongside an additional guest suite featuring its own balcony. There are three more generously sized bedrooms and ample bathrooms ensuring convenience for all residents. Mature trees at the front and eastern boundary of the property not only enhance privacy but also create an established aesthetic that can be further developed with landscaping. The site benefits from direct access from Main Street and includes extensive parking options alongside a double garage. While mains water is connected to the site, interested parties should verify the availability of other essential services required for future development. Additionally, there is an option to negotiate for approximately one acre of adjacent paddock land at the rear of the main plot, which offers potential for further enhancement or leisure activities. This location also benefits from superfast broadband connectivity and promising mobile coverage from major providers. Given its blend of rural charm and accessibility to urban conveniences along with approved planning permissions, this property represents significant renovation potential or investment opportunity in a desirable setting. Viewings can be arranged by appointment to explore what this unique opportunity has to offer.

Investment Analysis

(PE9 area)
Area Average
£343/sq ft
Avg Rent (weekly)
£263
Avg Yield
3.3%

Renovation Potential

Est. Renovation Cost
£52,500 - £131,250
10-25% of property value
Monthly Sales
20
Average per month
Market Turnover
14%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +5.3% over the last 12 months
3 year growth: -2.1%
5 year growth: 10.8%
Investment Disclaimer: Analysis based on PE9 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Main Street, Greatford, Stamford
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