Land to the South of St. Peters Church, Langrick Road, LINCOLN, Lincolnshire, LN4 4XH

Description

Freehold land Measuring approximately 9.75 acres, subject to measured survey Road fronting Description A freehold piece of land located in New York, Lincolnshire, which is positioned approximately 8 miles from the centre of Boston. The classification of the land is Grade 2 agricultural, meaning that it is classed as ‘very good quality agricultural land’ (definition taken from the government website). Agricultural Land Classification: Grade 2: Land with minor limitations that affect crop yield, cultivations or harvesting. A wide range of agricultural and horticultural crops can usually be grown. On some land in the grade there may be reduced flexibility due to difficulties with the production of the more demanding crops, such as winter harvested vegetables and arable root crops. The level of yield is generally high but may be lower or more variable than grade 1. The seller has advised the following: corral at the front containing a stable and touring caravan. A horse lorry, a corral at

Location

Property located at Land to the South of St. Peters Church, Langrick Road, LINCOLN, Lincolnshire, LN4 4XH.

Investment Analysis

Investment Snapshot

Property & Refurbishment

Initial feasibility allowance: Development costs require site-specific appraisal. 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

• Verify planning status, access, services and development constraints

Recommendation

Preferred strategy: Development. 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

Development: ★★★★☆

Buy-to-Let: ★★☆☆☆

Flip: ★★★☆☆