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Priory Lane, Grimoldby, LN11 - Image 1
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Priory Lane, Grimoldby, LN11

East Midlands

£560,000
Listed on 29/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This detached two-bedroom bungalow presents a unique investment opportunity, set in the tranquil village of Grimoldby. The property sits on a substantial plot with full planning permission granted for the construction of four new dwellings, including a larger house and three bungalows. The current layout features a kitchen diner, living room, two bedrooms, a bathroom, and a loft room, all of which offer potential for modernisation or reconfiguration to enhance functionality. With picturesque views over the expansive grounds and nearby fields, this property invites creative renovation ideas. The village is well-equipped with local amenities such as shops and recreational facilities while maintaining easy access to Louth for broader services. The existing home is equipped with mains drainage, water, and electricity connections, though prospective buyers should verify their condition. This property not only offers immediate living space but also serves as an attractive project for those looking to expand into residential development in an appealing rural location.

Investment Analysis

(LN11 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£161
Avg Yield
3.0%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -2.5%
5 year growth: +12.9%
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

Priory Lane, Grimoldby, LN11
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£2,020
Based on a loan of £420,000 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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