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Chapel Street, Crowland, Peterborough

East of England

£215,000
Listed on 16/01/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This self-build opportunity presents a unique chance to develop a spacious plot within an exclusive gated community in the charming town of Crowland, Lincolnshire. The site, previously utilized as a school playing field, is situated in an established residential neighborhood and benefits from full planning permission for five detached homes (Ref- H02/0217/18). Each plot offers ample space to design and construct impressive individual residences tailored to personal preferences. The proposed layout for the units includes practical and inviting living spaces. On the ground floor, you'll find an entrance hall leading to various functional areas such as a bedroom with an en suite shower room, a study or office space, and an open-plan kitchen/dining area that flows seamlessly into the lounge. Additionally, a utility room enhances everyday convenience. Moving up to the first floor, the plans encompass three well-sized bedrooms, including a master suite equipped with both an en suite shower room and a walk-in wardrobe. Two further bedrooms are also designed with built-in wardrobes, alongside a family bathroom. All essential services—water, electricity, and sewerage—are ready to be connected at the site, along with road access already established. A significant advantage of this development is that there are no Section 106 contributions required from the developer and no BDNG conditions attached. With its strategic location in Crowland—a rural town known for its community feel and local amenities—this property holds considerable investment potential for those looking to create bespoke homes that cater to modern living. This project not only promises an appealing lifestyle but also represents a sound investment in an area poised for growth. For further details about this exclusive opportunity, please reach out to our Crowland office.

Investment Analysis

(PE6 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£253
Avg Yield
4.1%

Renovation Potential

Medium 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
35
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE6)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on PE6 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

Chapel Street, Crowland, Peterborough
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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
£788
Based on a loan of £161,250 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