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See how verdicts workHouse · NG23 5DN
For saleReduced £15k (−12.5%) on 22 SepListed 131 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated in the highly sought-after village of Long Bennington, this excellent building plot extends to approximately 0.37 acres and presents a fantastic opportunity for either a developer or an individual looking to create a bespoke home in a desirable village setting.
Occupying a prominent corner position on Vicarage Lane, the plot benefits from a pleasant outlook and an enviable location within easy reach of local amenities and transport links.
Planning permission has been approved for the construction of an individual detached dwelling extending to circa 1,268 sqft, offering buyers the opportunity to build a substantial family home tailored to modern living requirements.
Long Bennington is a thriving and well-served village, offering an excellent range of amenities including three public houses, a doctors surgery, primary school, café and village shop, making it an ideal location for families and professionals alike.
The village also provides convenient access to both Newark-on-Trent and Grantham, with further transport connections via the A1 and mainline rail services to London from Grantham.
This is a rare opportunity to acquire a prime residential building plot in an established and popular village location with planning consent already in place. Early enquiries are strongly recommended.
We have included a copy of the skdc Planning Approval S25/1395 which includes full details of the planning permission.
Interested parties will note that there is a requirement to provide a habitat management and monitoring plan in accordance with an approved Bio Diversity Net Gain (bng) Plan, however we understand that this requirement may be removed in July 2026 where bng does not apply to sites of less than 0.49 acres.
Applicants will need to make their own enquires on this and any other planning and legal matters.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About Building Plot adjacent No 38, Vicarage Lane, Newark
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