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Masonic Lane, Spilsby

East of England

£79,995
Listed on 29/03/2026

Property Details

Bedrooms
N/A
Type
Plot

Description

This property presents a unique opportunity for investment with full planning permission granted for the construction of a three-bedroom detached home, complete with an en-suite and a single garage. Set on the outskirts of the village of Hundleby, this plot is nestled in a tranquil no-through residential lane that offers picturesque views of the adjacent countryside. The planning approval from East Lindsey District Council allows for immediate commencement of development, providing a strong foundation to create a desirable residence in a serene environment close to the historic market town of Spilsby.

Connectivity is advantageous, as mains electricity and sewerage services are already connected to the plot, while mains water and gas are available at the roadway. Potential buyers should verify service availability during their due diligence process. The plot dimensions offer substantial space for building, with clear markers established through submitted plans.

This site not only includes sporting, timber, and mineral rights but also allows prospective developers to explore various design options once they secure ownership. It’s an ideal canvas for investors looking to establish a modern dwelling tailored to local tastes, ensuring a solid return on investment.

Investment Analysis

(PE23 area)
Area Average
£227/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £110,000
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
10%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -12.9% over the last 12 months
3 year growth: -11.1%
5 year growth: -2.0%
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

Masonic Lane, Spilsby
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£283
Based on a loan of £59,996 over 30 years at 3.91% 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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