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Grange Lane, Keddington, LN11 7HF

East Midlands

£200,000
Listed on 17/05/2023

Property Details

Bedrooms
4
Type
Not Specified

Description

This property presents an exceptional development opportunity in the tranquil village of Keddington. The site features partially constructed stable buildings that have been granted full planning permission to be converted into two holiday cottages, each designed with open-plan living spaces, one ground-floor bedroom, and a mezzanine bedroom. With recent upgrades including new double-glazed sash windows and doors installed throughout, the foundation for these projects is solid. Located just a short drive from the amenities of Louth and surrounded by picturesque countryside views, this project has significant potential for successful holiday rental income. Currently lacking services which are within close proximity, this investment offers a chance to complete the work on these cottages according to your specifications.

Investment Analysis

(LN11 area)
Area Average
£222/sq ft
Avg Rent (weekly)
£160
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -0.5%
5 year growth: +13.0%
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

Grange Lane, Keddington, LN11 7HF
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£708
Based on a loan of £150,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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