4 Bed Flat, Planning Permission, Ulceby, DN39 6YS, £150,000

20 East End, Ulceby, North Lincolnshire, DN39 6YS - 104 views - 6 months ago

Planning
Negative Equity
159 m²
+4 photos

Valuation

Sold PricesNo enough data locally

 

 

Square Metres

159 m²

 

 

End Value (After Refurb)

£343,519

Uplift in Value

+129%

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£37,500

Stamp Duty & Legal Fees

£5,700

Refurb Costs

£64,458

Bridging Loan Interest

£3,938

Total Cash In

£113,345

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Estimated Sale Price

£343,519

Agent Fees (1%)

£3,435

Bridging Loan

£112,500

Bridging Loan Interest

£3,938

Flip Profit

£114,238

Local Sold Prices

Not enough data

Local Rents

6 rents from £700/mo to £1.5K/mo, average is £1.1K/mo.

RentDateDistanceAddressBeds 
£1,50012/240.03 mi-4
£75001/250.13 mi-3
£1,50012/240.17 miWellington Grove, Kirmington4
£78009/241.15 mi-3
£70012/242.16 miBrocklesby Road, Ulceby 2
£1,50011/242.25 mi-4

Local Area Statistics

Population in DN39

2,781

Town centre distance

2.52 miles away

Nearest school

0.20 miles away

Nearest train station

2.64 miles away

 

 

Rental growth (12m)

-4%

Sales demand

Buyer's market

Capital growth (5yrs)

+45%

Property History

Listed for £150,000

-74%

November 5, 2024

Sold for £425,000

2022

Sold for £219,950

2003

Description

A rare opportunity to undertake an exciting conversion of a characterful barn to create a wonderful, unique dwelling which will form part of a development scheme located in the heart of the popular village of Kirmington.
The permission already granted authorises the resulting residence to include: Reception Hall, Cloakroom, Study/Office, stunning Lounge with vaulted roof above, Dining Kitchen, Utility Room, two downstairs Bedrooms with adjacent bathroom and two first floor Bedrooms each with their own ensuite Shower Rooms. A double car port will adjoin the property and the rear views will be across undulating paddocks. A chance not to miss!

LOCATION
The site is positioned on the corner of East End Post Office Lane in the village of Kirmington. The major conurbations of Grimsby, Scunthorpe and Hull are within driving distance and Humberside International Airport is only a couple of minuets away with the nearby A180/M180 interchange giving access to the country's motorway network.

THE EXISITING BARN
The existing structure dates from the early 19th century and is formed by a constitution of two storey and single storey buildings with construction being in rustic brick and pantile.

THE PROPOSED PROPERTY
Planning permission for the conversion was approved in November 2021 as part of a wider permission to redevelop the site including offer conversions and new build. All documentation regarding the planning application and approved can be seen by visiting the North Lincolnshire planning website utilising application reference: PA/2019/2025 and later varied under PA/2022/1089. The overall development has commenced in accordance with the time scales determined by the planning approval. The Section 106 agreement referred to within the approval is the responsibility of the vendor. A layout plan relating to the conversion forms part of this structure and clearly identifies the scale of accommodation which will be provided by the new dwelling. It will be the purchasers responsibility to obtain and meet the cost of Building Regulation approved. Please note the remainder of the site may not necessarily be developed in accordance with the current planning approved.

LOCAL PLANNING AUTHORITY
North Lincolnshire Council, Church Square House 30-40 High Street, Scunthorpe DN15 6NL. Tel: .

SERVICING AND INFRASTRUCTURE
The barn conversion opportunity is offered for sale with a private shared road laid, foul water connection available for agreed drainage strategy and service media, pipes, ducting etc for provision of water, BT and electric. Surface water disposal will be by way of soakaways as per agreed drainage strategy. Cost of all utility connections will be borne by the purchaser.

TENURE
The property is Freehold subject to solicitors verification.

EASEMENTS, WAYLEAVES AND RIGHTS OF WAY
The property is sold subject to, and with the benefit of, all rights of way whether public or private, light support, drainage, water and electricity and all other rights and obligations, easements, quasi rights, licences, privileges and restrictive and restrictive covenants and all existing and proposed wayleaves for electricity, drainage, water and other pipes whether referred to in these particulars or not. The property will be sold with such necessary rights and reservations to facilitate the development of the property itself and other neighbouring development properties.

VIEWING
By arrangement through the agents on Grimsby 311000. Please note visitors to the site do so at their own risk and should take great care when viewing the barn and its grounds.

Agent Details

Martin Maslin, Grimsby

01472 404338

Next Steps?

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