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Croft Lane, Croft, Skegness

East of England

£100,000
Listed on 25/04/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity to acquire two semi-detached homes that are in the early stages of construction, located on the outskirts of a sought-after market town, approximately five miles from the coastal attractions of Skegness. The structures have been built up to window height on the first floor and await completion, offering a blank canvas for future development. Both residences have received full planning permission from East Lindsey District Council for three-bedroom configurations, granted in December 2015. Notably, one of the homes is designated for affordable housing under the planning guidelines. Detailed plans and elevations are available through reputable channels, providing insight into the envisioned layout and potential. Utilities such as mains electricity, water, and foul drainage are understood to be accessible nearby; however, it will be the purchaser’s responsibility to establish these connections. Prospective buyers should also note that there is currently no natural gas supply in Wainfleet. The property's boundaries are clearly marked on the accompanying plans, with wooden posts indicating the rear corners of each plot. Access will need to be arranged by the buyer at their expense through a dropped kerb from Croft Lane, which also facilitates right-of-way access for agricultural vehicles into adjacent farmland. In terms of local infrastructure, East Lindsey District Council serves the area and can provide additional information as needed for prospective developers. This site not only offers significant renovation potential but also reflects regional demand for new housing solutions within a vibrant community setting. Viewing is available strictly by appointment, allowing serious investors to explore this promising venture further while adhering to safety protocols during site visits.

Investment Analysis

(PE24 area)
Area Average
£228/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +7.7% over the last 12 months
3 year growth: -1.1%
5 year growth: 35.2%
Investment Disclaimer: Analysis based on PE24 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

Croft Lane, Croft, Skegness
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£366
Based on a loan of £75,000 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