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Freshney Way, Boston, PE21 - Image 1
Freshney Way, Boston, PE21 - Image 2

Freshney Way, Boston, PE21

East Midlands

£120,000
Listed on 10/11/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot offers a prime opportunity for development, complete with full planning permission (Application Ref B/20/0439). Situated in a well-established residential area off Sleaford Road, the location is known for its attractive neighborhood ambiance and convenient access to local amenities. The plot measures approximately 56 feet in width and extends about 100 feet in depth, providing ample space for construction. With all essential mains services readily available, the groundwork for future development is already laid out, making this an appealing prospect for both seasoned investors and first-time developers. Planning permission was granted on January 4, 2021, allowing for the construction of a three-bedroom detached chalet bungalow, which includes an integral garage. This design not only enhances livability but also contributes positively to the surrounding community. Given the current trends in residential demand within this area, this property presents significant renovation potential. The existing permissions provide a solid foundation; however, there may be opportunities to customize or expand upon them to maximize investment returns. Viewing can be arranged by appointment with Sharman Burgess.

Investment Analysis

(PE21 area)
Area Average
£186/sq ft
Avg Rent (weekly)
£179
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£12,000 - £30,000
10-25% of property value
Monthly Sales
35
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PE21)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 3.1%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on PE21 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

Freshney Way, Boston, PE21
Map showing location of Freshney Way, Boston, PE21
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