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South Reston, Louth LN11 8JQ - Image 1
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South Reston, Louth LN11 8JQ

East Midlands

£160,000
Listed on 29/12/2025

Property Details

Bedrooms
1
Type
Detached house
Area
720 sqft

Description

Nestled in the charming village of South Reston, this one-bedroom cottage, formerly the Women's Institute, offers an intriguing opportunity for investment and enhancement. With planning permission granted for a first-floor and rear extension, you can unlock the full potential of this character property. The interior features an inviting open-plan layout with vaulted ceilings and original beams, creating a bright and airy atmosphere. The generous double bedroom, utility room, and stylish shower room provide essential comforts while underfloor heating adds a modern touch throughout. The property retains many historical elements including a Victorian fireplace that adds to its unique charm. Recent renovations have included comprehensive insulation improvements and a new flat roof on the extension added just three years ago. Although it is already comfortable for living, there is ample scope for further enhancement to maximize space and functionality. Outside, you'll find a secluded garden rich with flora, perfect for relaxation or entertaining. The addition of a garden room or extra bedrooms as per the approved plans could significantly increase the property's appeal in this desirable location—positioned conveniently between Louth and the coastline with local amenities nearby. This cottage not only provides immediate comfort but also represents an exciting opportunity to expand its living space in line with modern needs.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +0.3% above area average per sq ft

+0.3%
This Property
£222/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£175,428
10% above area average per sq ft
Potential ROI
-16.5%
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

South Reston, Louth LN11 8JQ
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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
£577
Based on a loan of £120,000 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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