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***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 1
***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 2
***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 3
***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 4
***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 5
***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 6
***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford - Image 7

***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford

East of England

£1,450,000
Listed on 18/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique opportunity to invest in a spacious 0.4-acre lot located in the desirable area of Wothorpe, just a stone's throw from Stamford's vibrant town center. With approved planning permission for the construction of a significant two-storey home, this site offers an ideal canvas for those looking to create a tailored residence that meets their specific needs and vision. The site benefits from two distinct architectural designs that have been approved, allowing you to choose a style that resonates with your personal aesthetic. The location not only affords panoramic views of Stamford’s historic landscape but also embraces the tranquility of its countryside surroundings, making it an attractive option for families and professionals alike. Wothorpe’s proximity to Stamford means that residents will have easy access to a range of amenities, including shops, cafes, and recreational facilities such as leisure centers and golf courses. The area is well-equipped with educational options, notably the renowned Stamford Endowed Schools, ensuring high-quality education for children of all ages. Commuters will appreciate the convenience of high-speed train services from nearby Peterborough—just 15 miles away—which provide direct access to London Kings Cross in approximately 46 minutes. Additionally, major road networks including the A1 are easily accessible within a short distance. Overall, this property offers significant renovation and investment potential in one of Lincolnshire's most sought-after locations. It is an exceptional opportunity not often found in today’s market.

Investment Analysis

(PE9 area)
Area Average
£339/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -4.6%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on PE9 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

***BUILDING PLOT WITH FULL PLANNING***First Drift, Wothorpe, Stamford
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£5,312
Based on a loan of £1,087,500 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