Chance to buy 16.5-acre field in Humberston - trouble is that it will set you back £3-million

 

A price tag of £3-million may be deterring housebuilders from submitting offers for this 16.5-acre field off Humberston Avenue in Humberston. The area has been deemed desirable by land agents Pygott & Crone and there is said to be planning permission for no fewer than 179 houses and/or bungalows. Big companies such as Persimmon (which already has a housing estate further up this road) are always on the look-out for opportunities to build up their landbanks. However, in the current unfavourable economic conditions, most appear to be biding their time.