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Development Opportunity, Building Land, Adjacent To 12 Stallingborough Road, Healing - Image 1
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Development Opportunity, Building Land, Adjacent To 12 Stallingborough Road, Healing

Yorkshire

£495,000
Listed on 18/09/2021

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a noteworthy opportunity for developers and builders looking to capitalize on a prime site with significant renovation and investment potential. Spanning approximately 0.58 hectares (1.4 acres), the land is currently integrated into the gardens of an established residence, offering a serene backdrop that enhances its appeal. Previously, outline planning permission was granted for the construction of four detached homes, although this approval has since expired and will require re-application. The site benefits from an advantageous location, situated just 300 meters west of The Healing School and directly across from the esteemed Healing Manor Hotel. This established neighborhood imbues the area with a sense of maturity and desirability, making it ideal for new residential development. The previously approved plots ranged in size from 0.18 to 0.37 acres, allowing for spacious builds that can attract future buyers or tenants. While some features of the landscape, such as areas of woodland and mature trees, are designated for retention, they enhance the privacy and aesthetic value of any new constructions. The indicative layout submitted during the initial planning process suggested two-story detached homes with double garages, which could serve as a solid foundation for future planning proposals that align with community expectations. It's important to note that any prospective buyer will need to navigate the planning renewal process in collaboration with North East Lincolnshire Council. Ensuring compliance with any attached conditions will be essential for moving forward with development plans. An array of services—including mains gas, water, electricity, and drainage—are believed to be available nearby, streamlining future construction efforts. This site represents a promising investment for those willing to engage with local authorities to reinstate planning permissions and realize its full potential in a sought-after location.

Investment Analysis

(DN41 area)
Area Average
£217/sq ft

Renovation Potential

Medium 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
8
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (DN41)

Area prices are falling by +13.9% over the last 12 months
3 year growth: 0.9%
5 year growth: 16.1%
Investment Disclaimer: Analysis based on DN41 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, Building Land, Adjacent To 12 Stallingborough Road, Healing
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,813
Based on a loan of £371,250 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