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Saltfleet, LN11 7RL

East Midlands

£300,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1292 sqft

Description

This distinctive detached bungalow, built in the early 1990s, is nestled in a peaceful area of the coastal village of Saltfleet. Set on approximately 0.46 acres, the property boasts an extensive mature garden and a former farmyard that presents significant redevelopment opportunities. The outbuildings to the east are in various stages of disrepair, offering potential for renovation or complete removal to make way for new structures, subject to planning permissions. With no ongoing chain, this property is primed for buyers looking to invest in a tranquil setting with ample outdoor space. The bungalow itself spans nearly 1300 square feet and features spacious rooms typical of three-bedroom homes, providing a strong foundation for modernization. Recent improvements include new facias, soffits, and gutters installed as of December 2024. The garden areas are well established and could be cultivated further or used for additional structures like stables or workshops. Saltfleet offers a rich historical backdrop along with essential village amenities, adding to the appeal of this location for year-round living or as a holiday retreat. Given its size and potential uses—ranging from horticultural activities to creating ancillary accommodations—this property represents an attractive investment opportunity.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +4.8% above area average per sq ft

+4.8%
This Property
£232/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£314,796
10% above area average per sq ft
Potential ROI
-19.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +13.9%
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

Saltfleet, LN11 7RL
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,082
Based on a loan of £225,000 over 30 years at 4.06% 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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