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Ferry Lodge, Blankney Dales, Woodhall Spa

East Midlands

£225,000

Listed on 16/09/2024

Property Details

Bedrooms
2
Type
Lodge

Description

Nestled in the tranquil East Midlands countryside, this bungalow lodge presents an exciting investment opportunity for cash buyers seeking a project with residential potential. Set on an expansive 2.96-acre plot, Ferry Lodge features a distinctive log cabin design that harmonizes beautifully with its natural surroundings. The property includes a wooden lodge structure, outbuilding, and remnants of a former campsite, making it a versatile canvas for renovation or development. The lodge comprises two bedrooms, a kitchen diner, and a bathroom, all situated on the ground floor. Notably, it has been granted a Certificate of Lawful Use for residential occupation, enhancing its appeal to those looking to establish a permanent residence or weekend retreat. With convenient access to the River Witham nearby, outdoor enthusiasts can enjoy fishing and the surrounding wildlife. The property holds considerable potential for generating income through leisure use or by enhancing existing amenities. The included outbuilding offers additional storage or workshop space and is equipped with electricity connections. Recent upgrades include a new roof and an improved drainage system connected to mains services. Despite its idyllic location near Woodhall Spa and the Lincolnshire Wolds, prospective purchasers should be aware of its classification within Flood Zone 3 and Nitrate Vulnerable Zone (NVZ) status. This presents both considerations and opportunities for further development in line with local regulations.

Investment Analysis

(LN10 area)
Area Average
£282/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN10)

Area prices are falling by -6.2% over the last 12 months
3 year growth: +0.1%
5 year growth: +14.6%
Investment Disclaimer: Analysis based on LN10 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

Ferry Lodge, Blankney Dales, Woodhall Spa
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£803
Based on a loan of £168,750 over 30 years at 3.97% 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

Price History

+12.5% since listed
£225,000+£25,000(+12.5%)
14/10/2025
Current price
£200,000Initial listing
17/09/2024

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