'The site offers significant flexibility' - Five-acre development site with planning consent for new homes in village near Boston to go under the hammer
A five-acre development site in a village near Boston is to be auctioned this month, with a £385,000 guide price.
The land going under the hammer is located off Old Main Road, Old Leake.
BTG Eddisons Property Auctions has been appointed to sell the site in a live stream online auction on Thursday, April 30.
Outline planning permission has been secured for 30-plus residential units on the land. However, auctioneers say the site could also have potential for an alternative development, such as a residential care facility, subject to planning consent.
Under the current plans, seven per cent of the site has been allocated as public space and play areas, and a further 9,000 sq ft has been set aside as a car park for the nearby village primary school.
Christopher Theocharides, senior commercial surveyor at BTG Eddisons Property Auctions, said: “With almost five acres to work with and a very competitive guide price, the site offers significant flexibility.
“Whether a developer chooses to move forward with the approved home scheme or looks at the potential for a care facility, they will be investing in a location that has a strong sense of community and proven track record of demand.”
He added: “Old Leake is a popular village and a desirable place to live, especially for families, with good primary and secondary schools, excellent local amenities and easy access to Boston, eight miles away, and Skegness.”
For more details, visit https://www.btgeddisonspropertyauctions.com/properties/202511031800sq_uazg-300426/for-auction-boston.