Pygott & Crone says ..

Property Oracle says ..

This property is a development opportunity in Frithville, a small village near Boston, Lincolnshire. The listing presents a plot of land with planning permission already granted for the construction of two, two-storey detached houses. The current state of the land is undeveloped, with overgrown vegetation and visible signs of previous structures. The images reveal a need for significant land clearance and preparation before construction can begin. The proximity to Frithville Primary School is positive, but the location limits day-to-day access to shopping and other essential services. While the price of £130,000 might appear attractive, prospective buyers should be aware of the considerable costs associated with the development process, including site preparation, materials, labor, and potential unforeseen expenses. This is a project for an experienced developer or someone prepared for a substantial financial commitment and a hands-on approach. The presence of planning permission reduces some of the uncertainty and risk, but extensive due diligence is necessary before committing to such a venture. The nearby existing properties suggest a potential for significant return once developed, if market conditions remain favourable.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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