Land for Sale in Winterton, Lincolnshire
Investment Land for Sale in Winterton
Guide Price: £15,000
Size: 300sqm
Land Type: Investment
Planning Permission: Allocated in Local Plan
Land Designation: Greenfield
Seller Last Active: Within the last month
Summary: The site is currently being promoted for residential and/or employment development on the North Lincolnshire Council website as part of its housing and employment land allocations to be included in its Local Development Framework.
Additional Information: The site is currently being promoted for residential and/or employment development on the North Lincolnshire Council website as part of its housing and employment land allocations to be included in its Local Development Framework with the plan adoption being scheduled for 2009/10. The site has been granted Local Development Framework number 44-1 The village has grown substantially within recent years into a burgeoning market town. The current land owner has recently profited from the development of a large acreage site adjoining to the above referenced site. This area was specifically designed with feeder roads leading to the Winterton site to accommodate future development. The Council has given this site an accessibility score of 86 which is greater than any other identified potential site due to its good range of local amenities including access to public transport. Detailed information is available to those interested. Investment Opportunity: 1 plot at 300 sqm is currently available at £15,000. 1 acre consisting of 14.6 plots would equate to £219,000. Multi plot purchase is available at a highly discounted rate of £125,000 per acre. Therefore each plot is purchased at £8,500 ROI Potential: For example say the land is valued at a market price of £620,000 per acre “with planning” (please note there is potential for this site to be valued far higher depending on the end development) Therefore each plot would be valued at £42,465 For an investment of purchasing a single plot for £15,000 would result in a profit of £27,465 giving the investor a return on investment of 1.8. For an investment of purchasing an acre of land consisting of 14.6 plots for £125,000, would result in profit of £33,965 per plot. Therefore the profit per acre equates to £495,889 resulting in a 3.9 return on the initial investment.
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These particulars have been produced in good faith but total accuracy cannot be guaranteed. Sizes are approximate. Purchasers should verify availability and any detail of importance prior to viewing and purchase. These particulars are not an offer or contract.
