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Land Off, Southgate, Sleaford, Lincolnshire, NG34

East Midlands

£600,000
Listed on 06/12/2022

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising opportunity for those looking to invest in a mixed-use development in the heart of the town. The site has received full planning permission from NKDC (reference 10/0855/FULEXT) for the construction of six retail units, three office spaces, and eight residential flats, allowing for a versatile project that can cater to various market needs. Located centrally, this site benefits from high foot traffic and proximity to local amenities, making it an attractive option for businesses and potential residents alike. The surrounding area is well-served by public transport and offers a vibrant community atmosphere, enhancing its appeal as both a commercial hub and residential living space. With the local economy showing signs of growth and development, this property holds significant investment potential. Renovating the existing structures or starting anew presents a unique chance to contribute to the area’s revitalization while capitalizing on current market trends. Whether you are considering a long-term investment or looking to develop a dynamic mixed-use space, this opportunity warrants serious consideration.

Investment Analysis

(NG34 area)
Area Average
£235/sq ft
Avg Rent (weekly)
£212
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£600,000 - £950,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
46
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (NG34)

Area prices are rising by +5.8% over the last 12 months
3 year growth: 3.3%
5 year growth: 19.8%
Investment Disclaimer: Analysis based on NG34 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.

Location

Land Off, Southgate, Sleaford, Lincolnshire, NG34
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,198
Based on a loan of £450,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE