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North End, Saltfleetby

East Midlands

£220,000
Listed on 13/02/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2247 sqft

Description

This spacious detached cottage is situated on a generous plot in the tranquil rural village of Saltfleetby. Although it currently requires extensive renovation, this property presents a unique opportunity for anyone looking to invest in a home with significant potential for transformation. The interior consists of four bedrooms and several versatile living spaces, including a large lounge featuring a traditional fireplace and an open entrance to an expansive rear extension. This unfinished area can be tailored to suit various purposes, whether it be additional living space, a playroom, or even an office. The kitchen/diner provides ample room but would benefit from modern updating, allowing you to craft your ideal culinary space. An additional bedroom or possible third reception room on the ground floor adds flexibility for family living. The first-floor landing leads to three generously sized bedrooms, offering options for accommodating family members or guests. Outside, the property is enveloped by mature grounds that require attention but have immense potential for landscaping or gardening projects. There is also gated access leading to the detached garage and workshop—both of which need refurbishment—with plenty of space available for parking multiple vehicles or even accommodating larger vehicles like motorhomes or caravans. Located in a peaceful setting while being within reach of local amenities, this cottage offers an exciting prospect for those willing to put in the work to restore it to its former glory. Internal viewings are essential to fully appreciate the scale and possibilities that this property has to offer amidst its renovation journey.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -55.6% below area average per sq ft

-55.6%
Potential saving
This Property
£98/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£544,639
10% above area average per sq ft
Potential ROI
+70.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.0%
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

North End, Saltfleetby
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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
£806
Based on a loan of £165,000 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