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Flaggrass Hill Road, March PE15 - Image 1
Flaggrass Hill Road, March PE15 - Image 2
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Flaggrass Hill Road, March PE15

East of England

£250,000
Listed on 11/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This parcel of development land is located on the fringes of March, roughly two miles from the town center, presenting a unique opportunity for investment. With planning permission secured (Ref: F/YR22/0755/O) for the construction of four single-storey bungalows, this site is primed for development. Each proposed dwelling includes designated parking, adding to its appeal for potential homeowners. The land benefits from access along a private drive, which enhances its residential charm while offering a degree of seclusion despite its proximity to local amenities. Given the current demand for housing in the area, this property represents a promising investment avenue with substantial renovation potential. Although there is an accepted offer subject to contract, viewings are still encouraged to explore this opportunity firsthand. It is important to note that the property is not yet registered at the Land Registry — a common situation with land across England and Wales — so prospective buyers should consult their conveyancer about necessary steps. Investors should also be aware that while every effort has been made to provide accurate details regarding this offering, it’s advisable to conduct due diligence and obtain independent surveys or service reports before proceeding with any offers. This development presents not only immediate prospects but also long-term value in a growing community.

Investment Analysis

(PE15 area)
Area Average
£252/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£400,000 - £600,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE15)

Area prices are falling by +2.7% over the last 12 months
3 year growth: -2.9%
5 year growth: 9.2%
Investment Disclaimer: Analysis based on PE15 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

Flaggrass Hill Road, March PE15
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£916
Based on a loan of £187,500 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