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Chapel Lane, Great Carlton, LN11

East Midlands

£140,000
Listed on 20/03/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This former chapel, nestled in the peaceful village of Great Carlton, presents a unique opportunity for conversion into a two-bedroom residence. Just a short drive from Louth, this property comes with full planning permission for transformation, allowing for an open-plan living kitchen/diner alongside two bathrooms. The structure has already seen some initial work towards its renovation, including the installation of a brand-new Air Source Heat Pump and provisions for an electric vehicle charger. Essential services such as mains drainage, water, and smart metered electricity are connected and operational. With additional scope to create gardens and two parking spaces on a spacious plot surrounded by scenic fields, this property offers significant investment potential in a tranquil location.

Investment Analysis

(LN11 area)
Area Average
£222/sq ft
Avg Rent (weekly)
£172
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 0.6%
5 year growth: 15.9%
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

Chapel Lane, Great Carlton, LN11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£513
Based on a loan of £105,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE