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Donington-on-Bain, LN11 9TJ

East Midlands

£450,000
Listed on 19/09/2024

Property Details

Bedrooms
4
Type
Detached house

Description

This detached four-bedroom period home is situated in a vibrant village community, surrounded by the scenic Lincolnshire Wolds Area of Outstanding Natural Beauty. Currently operating as the Post and Pantry, a successful post office and café, this property not only serves as a residence but also presents an exceptional opportunity for investment and further development. The existing business has established itself as an essential service for locals and visitors alike, attracting foot traffic from hikers on the nearby Viking Way and tourists exploring the area. The building, believed to date back to Victorian times, features classic brick construction beneath pitched roofs, with uPVC double-glazed windows providing both light and insulation. The current owners have made thoughtful renovations to create a welcoming home that includes a cosy dining-lounge complete with a log-burning stove, a bright kitchen, and an attractive garden space. With oil central heating ensuring comfort throughout the year, the property occupies a generous plot that holds significant potential for expansion or reconfiguration (subject to planning permission). The layout includes an inviting entrance porch leading to an expansive dining-lounge that offers views of St. Andrew’s Church, alongside well-appointed kitchen facilities that facilitate both cooking and entertaining. The practical rear utility room serves as a boot room—ideal after days spent exploring the local countryside. Upstairs, you will find four comfortable bedrooms, including two generously sized doubles with pleasant views over the village. The accommodation also benefits from modern bathroom facilities alongside a separate shower room. Located approximately eight miles from Louth and equidistant from Market Rasen and Horncastle—both known for their markets and unique shops—this property is well-placed for accessing local amenities while also being within reach of beautiful coastal areas roughly 21 miles away. Donington-on-Bain offers several conveniences including another shop, local pub with food services, sports facilities, and community events at the village hall. For those looking to invest or operate a business in this picturesque setting, options abound; whether expanding the current offerings of the Post and Pantry or converting sections of the property into additional accommodation suited for holiday rentals—a highly sought-after option in this area due to its appealing rural lifestyle. In addition to providing essential services to locals and tourists alike, this property harnesses significant investment potential through its dual-use as both residence and business hub. The charming surroundings enhance its appeal while presenting various avenues for future growth or diversification within the local market landscape.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
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

Donington-on-Bain, LN11 9TJ
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,648
Based on a loan of £337,500 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