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Davids Lane, Benington PE22

East of England

£90,000

Listed on 31/05/2026

Property Details

Bedrooms
N/A
Type
Land

Description

This property offers a compelling investment opportunity in the heart of Benington, featuring a former Village Hall situated on approximately 0.3 acres of prime residential development land. The site, measuring around 30 meters in width and 75 meters in depth, enjoys a scenic backdrop of open fields. Although previous planning permissions for converting the hall into a dwelling and constructing a new home have lapsed, the potential remains for future development. Mains electricity, water, and drainage services are already connected to the site. Given its desirable location along Davids Lane, this plot holds significant promise for those looking to create a new residential space or explore redevelopment options within a sought-after village setting.

Investment Analysis

(PE22 area)
Area Average
£215/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£80,000 - £150,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE22)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -8.2%
5 year growth: +9.6%
Investment Disclaimer: Analysis based on PE22 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

Davids Lane, Benington PE22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£340
Based on a loan of £67,500 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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