Developers to go ahead with £15 million, 47-home plan despite economy concerns
DEVELOPERS say they are pressing ahead with a £15m housing development near Lincoln, despite economic uncertainty.
Beal Homes wants to build 47 new homes and 12 retail and leisure units at Burton Waters, west of the city on the A57.
Richard Costall, the firm's land director, said the area was continuing to buck the national economic trend towards large-scale developments being scrapped or put on hold indefinitely.
He said: "Sales of our current phase of homes in Burton Waters have continued steadily through the economic downturn.
"This indicates demand is there for distinctive new homes in good locations."
Marketing for the properties will start in the new year, but Beal Homes said it already had enquiries from more than 100 prospective buyers for the new homes.
A separate business park scheme of offices ranging from 1,500 to 16,000 square feet will be added early next year.
The project already has full planning approval from West Lindsey District Council and Beal Homes is in the final stages of discharging the planning conditions imposed on it by the district authority.
Construction work is due to begin during the first quarter of next year.
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by Mrtruepost
Saturday, September 17 2011, 9:34PM
“As a property owner on Burton Waters, the only advice I would offer is Do Not Buy A Property here. It's has been a big mistake, and don't worry about falling prices on Burton Waters as you will not be able to sell your home anyway !!!
Don't be fooled this is not the idyllic place the developers would like you to believe it is.”
by Agent John, Lincoln
Tuesday, September 14 2010, 9:52AM
“You don't believe my figures, Aaron? Take a look at the prices for 24 Marine Point Apartments on houseprices.co.uk. and you'll find that my figures are taken from there.
That's by no means the only example of steeply falling prices. Take a look also at 48 Park Lane:
09/01/2009 £110,000
21/02/2003 £210,000
Not all prices have fallen, of course, but any rises are way below the rises that would have been expected from the market in the area generally.
Anybody buying in Burton Waters needs to take very great care that they're not paying over the odds. It was over-hyped, and sellers are now paying the price.”
by Michael, Lincoln
Monday, September 13 2010, 3:43PM
“Re - House prices at Burton Waters. I was interested in some of the comments about the price of property, so a quick check on then internet reveals the cheapest property I can find is £179,000 whilst the most expensive is £389,000. I appreciate these are asking prices, but they are not indicative of some of the comments being made. My view is live and let live and it's nobody's business where a person buys a house or chooses to live.”
by Aaron, Lincoln
Monday, September 13 2010, 2:04PM
“Agent John, I've checked www.houseprices.co.uk and the figures you quote don't appear to be true.”
by J, Lincoln
Sunday, September 12 2010, 6:57PM
“Phoebe, I wasn't 'having a go', just disagreeing, it'll happen in our lives throughout, deal with it. City types tend to invest in London where a regular supply of customers can be assured.
As for my comment of grey water, it was more a statement on the illustration rather than the actual colour of water.
MM, as usual, very good point on this. If people want to live there, good on them. That it is a flood plain will be known before hand, so they make their choice. I don't want to live in certain areas but if anyone does want to I am not going to come on slating the place and to an extent the people who buy places.”