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See how verdicts workHouse · LN4 1AT
For saleListed 182 days
Opportunity summary
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About
Land adjacent to Sainsbury’s, Lincoln Road, Washingborough, Lincolnshire LN4 1AT Attractive infill plot of land, approx.
2 acres, fronting the busy Lincoln Road adjacent to the recently built Sainsbury Store at Washingborough.
This well shaped, decent sized field, already has an implemented planning permission for the site access.
a dropped kerb and reconfigured pathway onto the B1190, a significant distributor road connecting the A57 at Tom Otter’s Bridge and the Lincoln bypass, A46.
The land represents a rare opportunity to purchase a spacious potential roadside development site adjacent to the late opening, popular local supermarket and Argos collection point, in an affluent location.
The site is also within walking distance of large residential developments. Asking Price £895,000 Location - Washingborough is a popular and affluent suburb of the City of Lincoln.
It is highly accessible, located 3 miles (5km) east of the City and 18 miles (29km) from Sleaford.
Just 1 mile from the site, Lincoln Road leads directly to the roundabout providing access to the A15 Lincoln Eastern Bypass and also Washingborough Road, heading towards the City Centre.
Washingborough is popular with families, having good bus routes, a successful primary school, Washingborough Academy, and forms a tight knit community with the neighbouring villages of Heighington and Branston.
The site lies 3 miles north of Lincoln Railway Station which provides regular services to Newark On Trent and Peterborough. London is accessed via rail from Newark North Gate.
From Lincoln itself, the A1 and M1 motorways are 11 miles and 35 miles west of the City respectively.
Situation - The site is prominently situated to the north of Washingborough centre on Lincoln Road, directly in front of the large residential area comprising Church Hill, Drake Avenue, Nelson Drive, Gildesburgh Road, Granson Way, Raynton Close et al.
Immediately to the west of the Sainsbury’s supermarket is Ferry Lane which leads to the River Witham Walk which is popular with recreational and leisure users.
Description - The 2 acre site (sts) is directly adjacent to the Sainsbury’s supermarket (North Kesteven planning reference 22/0362/FUL)now open, to the west and the Methodist Church and Medivet Practice to the east having the aforementioned Residential neighbourhood directly to the south and the B1190 immediately to the frontage.
The land has ranch style fencing to the front and left hand side with hedging to the eastern and northern boundaries.
The front fencing currently has gated access by the dropped kerb by the Lincoln Road. The depth of the site, off centre, is approx. 138 metres with a width, again off centre, of circa 55 metres.
The vendor’s solicitor has informed us Sainsbury’s have not put a restrictive covenant on the site preventing further supermarkets. Tenure - Freehold. Vat - VAT is not applicable.
Viewing - Through the Commercial Agent Tel Email
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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Area
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FAQ
About Lincoln Road, Wahingborough
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