Worst House on the Street Logo
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 1
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 2
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 3
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 4
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 5
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 6
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 7
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 8
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 9
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 10
Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4 - Image 11

Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4

East Midlands

£275,000
Listed on 21/10/2025

Property Details

Bedrooms
1
Type
Detached house

Description

This property presents a distinctive opportunity for developers and investors, encompassing approximately 1.3 hectares (3.2 acres) of land that features a combination of paddock space and small lakes. Nestled along the A153 corridor between Billinghay and Tattershall, this site enjoys a semi-rural setting with convenient access to local amenities and surrounding areas. The property comes with Outline Planning Permission for the demolition of an existing bungalow and the construction of a new four-bedroom detached house complete with a double garage. This permission was granted by NKDC on August 4, 2023, under reference 23/0256/OUT, providing a solid foundation for redevelopment in line with contemporary housing needs. Currently, the original bungalow has been demolished, and the site has been cleared, making it well-prepared for new construction. Essential services such as mains electricity and water are believed to still be connected. Additionally, drainage will be managed through a private treatment system. With its diverse potential applications—ranging from residential development to leisure initiatives—this property is poised for significant investment returns, subject to any necessary consents. It’s an appealing option for those looking to capitalize on the growing demand for quality housing or recreational facilities in this serene area.

Investment Analysis

(LN4 area)
Area Average
£239/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£180,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LN4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 0.4%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on LN4 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

Development Opportunity, Tranmar, Tattershall Bridge Road, Billinghay, Lincoln, Lincolnshire, LN4
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,007
Based on a loan of £206,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE