Raithby, Spilsby

East of England

£295,000

Listed on 22/08/2026

Property details

Bedrooms

N/A

Type

Plot

Description

This property presents a distinctive development opportunity featuring two generous building plots, each encompassing approximately 8 acres of picturesque countryside with stunning views of the Lincolnshire Wolds. Positioned in an elevated semi-rural location on the outskirts of the village, these plots provide extensive grassland that offers numerous potential uses for amenities. With full planning permission granted for single-storey detached homes of varied architectural styles, this site is ripe for investment and holds significant potential for bespoke residential development.

Investment analysis

(PE23 area)

Area Average

£226/sq ft

Renovation Potential

Heavy Refurb

Est. Renovation Cost

£300,000 - £500,000

Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.

Monthly Sales

Average per month

Market Turnover

Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -7.9% over the last 12 months

3 year growth: -1.1%

5 year growth: -1.2%

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.

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Location

Raithby, Spilsby

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Mortgage calculator

Property Price

Household Income

Deposit

Deposit %

Interest Rate

Repayment Period

years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments

£1,114

Based on a loan of £221,250 over 30 years at 4.45% 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.

Stamp duty calculator

This calculation uses non-residential (land/commercial) tax rates.

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Raithby, Spilsby

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