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Chapel Lane, Great Carlton LN11 - Image 1
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Chapel Lane, Great Carlton LN11

East Midlands

£140,000
Listed on 28/01/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This unique property presents an exciting opportunity for those looking to invest in a renovation project. Nestled in the tranquil village of Great Carlton, this former chapel offers a distinctive canvas for transformation. Situated just a short 15-minute drive from the bustling market town of Louth, the location combines rural charm with easy access to local amenities. With full planning permission already secured, the property has been approved for conversion into a contemporary two-bedroom residence. The proposed layout includes an inviting open-plan living space that integrates the kitchen and dining area, making it ideal for modern living. Additionally, plans feature a family bathroom as well as an en-suite bathroom connected to the master bedroom, enhancing the property's appeal for future occupants or renters. The potential for this property extends beyond its current state; it invites creative vision and can be tailored to suit personal tastes or investment strategies. Given its unique character and prime location, this chapel conversion represents not just a home but an opportunity to create lasting value in a picturesque setting.

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

Chapel Lane, Great Carlton LN11
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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
£513
Based on a loan of £105,000 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