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.









30 Comments
View all
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.”
by Agent John, Lincoln
Sunday, September 12 2010, 10:17AM
“Alan, you make several perfectly reasonable points, but I don't think your house, or any others in the area will have fallen from £194,000 in 2004 to £150,000 in 2008, and again to £125,000 in 2009.
These figures are for the same property and taken from www.houseprices.co.uk - you can find many other examples there of steeply falling prices on Burton Waters.
The problem is that people are being sold a lifestyle (the sales people told me that footballers were buying - thinking that would impress!) and the prices are overhyped. Only when you come to try to sell again do you realise that it's a very limited market (mainly boatowners, as you say) and that there are so many houses on the market at any one time that only a very low price will achieve a sale.
The flood risk is very real. The Environment Agency don't show the area as 'at risk' just for fun, and the insurance premiums reflect that.
The new houses being built will further depress the market for the existing ones. Buy one if you like - but be very, very careful about paying more than it's realistically worth. You could get your fingers very badly burned.”
by Alan, Lincoln
Sunday, September 12 2010, 7:57AM
“How many of you who have commented have visited Burton Waters? Yes it is an exclusive development, but the waterfront is open to anyone. Why would anyone want to live near grey water? Well maybe because these people own boats and want to use them, is that not the purpose of a marina? As for the homes built in top of each other with postage stamp gardens, why would a sailor want a big garden? It's the access to the water they want, their interest is in sailing, not gardening! Surely if they have the money to buy the boat, then they can afford the prices of the properies. As for the falling house prices, the price of my house has dropped, it's all relative. As for the ris of flooding, with the recent extreme weather conditions we have had over the last few years, I can recall flooding on the Brayford, flooding along Brant road, but strangely enough cannot recall any stories of flooding at Burton Waters. If you live near any water then you take the risk it may flood, I'm sure the home owners at Burton Waters are aware of this. It is likely that if we ever went to war again, then RAF bases could be bombed, watch out if you live in Waddington! Lo and behold if lightning was to strike the trees by the side of the A46 and start a fire, no doubt Lynne's house and all of those around could be devastated by a forrest fire! For the record, I do not live at Burton Waters, I have neither the funds nor the desire to live there, I am happy with my semi in the city centre. I do however often visit to go for a walk around the marina, or have a drink or bite to eat in Yots the little bistro which is there, and recently visited the chinese restaurant which id located on the water. The whole site is something to be proud of, how many other cities have a development like this? It is a nice relaxing place, is very well kept, and further development will only add to this. In agreement with Jas, the infrastructure of the roads does need to be improved to deal with such developments, but why such the narrow mindedness, bitterness and talk of snob value? Each to their own where they choose to live.”
by Phoebe, Lincoln
Saturday, September 11 2010, 11:57PM
“To: J
I gather you are having a go at me when I posted a comment about "city types". You obviously didn't read my short comment in full and missed the bit about buy to let. You must recall a recent article in The Echo in which Lincoln estate agents commented on how property investors were beating a path up here from London. You have only to look at many of the new-build developments in Lincoln to see this in action, they are frequently for rent, without the owner ever having lived in the property. You are right though about them not wanting to live here. They come, they buy, they leave - putting the property in the hands of a rental agent. Some "city types" are even from or live in Lincoln.”
by lynn, lincoln
Saturday, September 11 2010, 4:46PM
“You're about right MM, I'm a five minute walk to Damon's and a ten minute stagger home, it's all due to those half price cocktails.”
by Missouri Marten, Lincoln
Saturday, September 11 2010, 3:30PM
“Given that I've made no attempt to put up "a very good case for Burton Waters", that comes as no surprise John. What I am making a case for is the fact that many people suffer from the peculiarly English disease where the only thing that brings them more pleasure than hating those who are successful or perceived as successful, is seeing them fail or lose out. The more precipitous the descent, the more pleasure these people derive. Very very sad indeed.
I have no strong opinion on Burton Waters. I wouldn't choose to live there, but nor would I judge or criticise anyone who did.
I stand corrected re jealousness, though it's a little olde worlde for my taste ;-)”