We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · DN38 6AP
Sold STCListed 237 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Introduction This is an outstanding opportunity to purchase a residential site in the desirable Lincolnshire village of Grasby, which has the benefit of full planning permission for two large detached dwellings.
Location The picturesque village of Grasby is located within the West Lindsey District of Lincolnshire in the Lincolnshire Wolds. The site is accessed via Station Road.
The village offers an excellent primary school, village hall and public house and falls within the catchment area for the renowned Caistor Grammar Secondary School.
Grasby is ideally placed for local and distance travel to the Humber and towns of Brigg, Grimsby and Immingham, plus Humberside International Airport and the cathedral city of Lincoln.
Access The access way from Station Road into the site has been built by the Vendor up to the point where the plots split.
Easements, Wayleaves and Rights of Way The land is offered subject to, and with the benefit of, all other existing rights of way, wayleaves and easements, whether or not specifically referred to in these particulars.
Services Prospective purchaser(s) are advised to make their own enquiries with the relevant service providers to satisfy themselves that there are sufficient services available for their proposed use and that connections can be achieved.
Tenure & Possession The land is offered for sale freehold with vacant possession upon completion.
Residential Development Opportunity - Two New Build Dwellings Planning The site received outline planning consent on 30 January 2020 (application reference no.
140515), for the erection of two dwellings with appearance, landscaping, layout and scale reserved for subsequent consideration.
The Reserved Matters application was given consent on 20 February 2023 (application reference no.
146028), subject to various conditions detailed in the decision notice, a copy of which can be downloaded from the West Lindsey District Council website, or by e-mail from the Selling Agents, upon request.
Local Authority Interested parties should make their own enquiries with West Lindsey District Council Planning Department.
Value Added Tax The sale price is agreed on a VAT exclusive basis and the Purchaser(s) shall indemnify the Vendors for any VAT which may subsequently be payable.
Viewing The land can be viewed at any time during daylight hours when in possession of a set of sale particulars. Method of Sale The property is offered for sale by Private Treaty.
Interested parties are invited to speak to Tom Norman of the Selling Agents to discuss their interest.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
FAQ
About GRASBY, Station Road, DN38
Explore nearby
