Benington Bridge House, Hobhole Bank, BOSTON, Lincolnshire, PE22 9RX

Description

Fire damaged, detached property Occupying a plot of approximately, 2.61 acres, subject to measured survey Scope for development, subject to necessary permissions & consents Description A detached, fire damaged, property located in popular Old Leake, set within a rural location. Prior to the fire damage, the accommodation comprised an entrance hall, lounge, dining room, kitchen/diner, utility room, WC, downstairs shower room, four bedrooms, a bathroom and a shower room. The property occupies a plot measuring approximately 2.61 acres, subject to measured survey. There is a barn positioned to the side of the main residence and this has previously held planning permission for conversion to a 3/4 bedroom detached dwelling. The property has been extensively damaged due to the fire and no internal inspections of the property are possible. However, viewings of the site can be arranged through William H Brown in Boston. There is scope to redevelop the property/the site, subject to necessary pla

Location

Property located at Benington Bridge House, Hobhole Bank, BOSTON, Lincolnshire, PE22 9RX.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: £30,000–£50,000. This is not a contractor quotation and should be confirmed following inspection and detailed scope.

Rental Analysis

No reliable auctioneer-published current rent was identified in the supplied scrape. Market rent should be independently verified before bidding.

GDV / Resale Analysis

No independent RICS/Land Registry comparable valuation has been inserted solely from the scraped auction data. End value should be confirmed against recent genuinely comparable transactions before bidding.

Properties Sold Within Approx. 5 Miles

No independently verified sold comparables are inserted from the auction scrape alone. Confirm recent Land Registry/RICS comparable evidence before relying on a GDV.

Investor Risks & Due Diligence

• Review the full legal pack and title before bidding

• Confirm all auction administration / contract charges

• Verify property condition and obtain appropriate surveys

• Confirm refurbishment costs with contractor quotations

Recommendation

Preferred strategy: Refurbishment & Resale. This recommendation is an initial appraisal based on the auctioneer's published property information and should be tested against the legal pack, inspection, finance and local market evidence.

Strategy Rating

Flip: ★★★★☆

BRRR: ★★★☆☆

Buy-to-Let: ★★★☆☆