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Main Road, Stickney, PE22 8AG - Image 1
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Main Road, Stickney, PE22 8AG

East of England

£450,000
Listed on 28/11/2024

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a compelling opportunity for residential development, with outline planning permission already in place for 24 units in the sought-after village of Stickney. The village is equipped with essential amenities, including primary and secondary schools, a local shop, a Post Office, and a popular fish and chip shop. Located just off the A16, this prime plot enjoys convenient access to the historic market towns of Boston and Spilsby, as well as the coastal resort of Skegness. Potential investors should consider the local plan stipulating a requirement for 30% affordable housing; this can enhance community value and attract diverse tenants. Documentation about planning conditions and contributions can be accessed via the East Lindsey District Council's website (reference S/169/01669/22). This site is ideal for those looking to make a meaningful impact in residential development while meeting local housing needs.

Investment Analysis

(PE22 area)
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£300,000 - £500,000
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
15%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on PE22 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

Main Road, Stickney, PE22 8AG
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,623
Based on a loan of £337,500 over 30 years at 4.06% 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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