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Covenham St Bartholomew LN11 0PF

East Midlands

£350,000
Listed on 22/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a substantial renovation and investment opportunity, previously known as The Plough Inn, a historic building with roots dating back to 1898. The structure currently holds full planning permission for conversion into either a spacious detached family home or two distinct semi-detached residences. Additionally, outline planning permission has been secured for the construction of a further dwelling on the grounds, which span approximately half an acre. The original building is characterized by its two-story design with decorative brick and stucco-rendered external walls, showcasing architectural detailing such as gables and an inviting entrance porch. The west side features a sizable extension that opens up with wood-laminated structural elements, creating versatile internal spaces suitable for modern living. While the interior has been largely stripped in preparation for redevelopment, its layout provides flexibility for both proposed conversion options. Historically functioning as a public house, the property comprises multiple dining and bar areas, along with essential amenities such as kitchen facilities and restrooms. The upper level features manager's quarters with four bedrooms and generous living spaces that can be reimagined to suit contemporary needs. The grounds surrounding the building offer ample outdoor space with existing parking facilities and manicured grass areas bordered by hedgerows, providing potential for landscaping or additional developments. Access to the site is straightforward via open roadways, enhancing its practicality for future residents or tenants. With confirmed planning permissions awaiting execution—including structural groundwork already completed—the property is well-positioned for immediate development. Interested parties are encouraged to explore planning documents available through East Lindsey District Council to assess the various development schemes approved. This unique opportunity combines historical charm with significant potential for flexible residential use in a tranquil setting.

Investment Analysis

(LN11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.0%
Investment Disclaimer: Analysis based on LN11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Covenham St Bartholomew LN11 0PF
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,282
Based on a loan of £262,500 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE