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Roman Bank, Sandilands, Mablethorpe

East Midlands

£59,950

Listed on 21/11/2024

The listing

Property details

Bedrooms
N/A
Type
Chalet

Description

This property presents a unique opportunity for renovation and investment in the desirable area of Sandilands, Sutton on Sea. The site has full planning permission, granted on November 24, 2022, for the construction of a holiday cottage along with necessary vehicular access, allowing you to capitalize on the growing demand for holiday accommodations in this picturesque coastal location. Situated along Roman Bank, the site boasts a well-defined boundary and is easily identifiable through onsite signage. This location benefits from its proximity to both local amenities and the attractive beach areas that draw visitors year-round. Investing here not only allows for the development of a holiday rental but also positions you within a community known for its charm and tranquility. The approved plans stipulate that the cottage will be designated for holiday use only, ensuring that your investment aligns with tourism trends. It is particularly noteworthy that occupancy is limited to between March 15 and October 31, which can streamline management during off-peak months. With dimensions approximately measuring 16 meters at the front and 52 meters deep, there’s ample space to create a comfortable retreat tailored to vacationers seeking relaxation by the sea. Mains electricity, gas, water, and drainage are believed to be accessible from the public highway—prospective buyers should verify these services' availability as part of their due diligence. Additionally, this site offers freehold ownership with vacant possession upon completion. As an investor or developer willing to undertake renovations that align with local demand, this property stands out as a promising venture. Its strategic location combined with existing planning permissions makes it an attractive proposition for those looking to make their mark in Sutton on Sea's hospitality market.

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Map

Location

Roman Bank, Sandilands, Mablethorpe
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Finance

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Illustrative repayments based on the asking price, not a mortgage offer.

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£226
Based on a loan of £44,962 over 30 years at 4.45% 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.

Tax

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Pricing

Price history

-38.8% since listed
£59,950£28,050(-31.9%)
08/06/2026
Current price
£88,000£10,000(-10.2%)
15/07/2025
£98,000Initial listing
21/11/2024

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