Property · PE24 5HD
Listing removedListed 256 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious individual building plot with full planning permission granted to erect a 3 bedroom dwelling and detached garage.
Situated in the centre of the popular market town of Burgh Le Marsh, being 5 miles inland from the coastal resort of Skegness. Extending to approx.
0.18 of an acre (STS) and occupying a flat level site.
Planning Permission - Planning Permission for the erection of a detached dwelling with detached garage and associated landscaping on site of existing builders workshop which is to be demolished.
Permission was granted on 20th December 2024, application number S/023/01628/24. The development hereby permitted shall not begin no later than three years from the date of this decision.
A copy of the outline planning permission and plans can be obtained by visiting the East Lindsey District Council website or inspected at the agent's Skegness office.
Mains Services - We understand that mains services of electricity are already on site however the mains water, gas and sewerage are available nearby in the public highway it will be the responsibility of the purchaser to connect to the appropriate services.
Situation And Access - The plot, outlined in red on the site plans, is situated off Ingoldmells Road, (adjacent to The Old Foundry No; 37), Burgh-le-Marsh. Access is gained via the gravelled driveway.
Viewings - Viewing is strictly accompanied and only by appointment through the Skegness office at the address shown below.
Local Authorities - East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs. LN9 6PH. Tel: . Lincolnshire County Council, Newlands, Lincoln. LN1 1YW. Tel: .
What 3 Words - prude.commented.reinstate Directions - Leave Skegness on the A158 towards Lincoln for approximately 4 miles.
Turn left on the roundabout signed posted for Burgh-le-Marsh, continue along Skegness Road taking the first right hand turn on to Ingoldmells Road.
The plot can be found on the left before The Old Foundry (no;37).
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
FAQ
About Ingoldmells Road, Burgh-le-Marsh, Skegness
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