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Goose Lane, Raithby, Spilsby

East of England

£395,000
Listed on 28/11/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a unique opportunity for developers and investors interested in a project with substantial potential. Situated on approximately 8 acres in the tranquil village of Raithby, this plot benefits from full planning permission for the construction of two detached dwellings along with a garage. The surrounding landscape offers picturesque views, conveniently located on the edge of The Lincolnshire Wolds Area of Outstanding Natural Beauty (AONB) just two miles from Spilsby. Raithby is characterized by its semi-rural charm, providing easy access to essential amenities, schools, and transport links to both Lincoln and Skegness. Local features include a traditional pub and an active community church, enhancing the village’s appeal for potential homeowners or renters. The plot itself can be found off Goose Lane—a no-through road—making it an attractive option for those seeking privacy. It has defined boundaries that are clearly marked onsite, and any inquiries regarding ownership can be addressed to the current vendor. The dimensions for the overall site provide ample space for development, while existing structures will need to be demolished as part of the approved plans. Investors should note that all relevant documentation regarding planning permissions and assessments is readily available through East Lindsey District Council. A Contamination Risk Assessment has been conducted on the property, ensuring transparency during due diligence. Utilities are accessible at Goose Lane's end, with mains water connections identified nearby; however, confirmation of service availability remains under buyer verification. With freehold tenure and vacant possession upon completion, this property invites visionaries ready to cultivate a residential development in a peaceful yet connected setting. Given its location within a desirable community and its development-ready status, this opportunity merits serious consideration for those looking to make impactful investments in real estate.

Investment Analysis

(PE23 area)
Area Average
£223/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £300,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by +7.2% over the last 12 months
3 year growth: -6.5%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on PE23 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

Goose Lane, Raithby, Spilsby
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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
£1,447
Based on a loan of £296,250 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