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Far Lane, Coleby, Lincoln, Lincolnshire, LN5 - Image 1
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Far Lane, Coleby, Lincoln, Lincolnshire, LN5

East Midlands

£185,000
Listed on 10/02/2026

Property Details

Bedrooms
2
Type
Semi-detached house
Area
532 sqft

Description

This quaint 2-bedroom cottage presents an excellent opportunity for those looking to invest in a property with renovation potential in the desirable village of Coleby. With no onward chain, this home offers a well-proportioned Lounge/Diner, Kitchen, Family Bathroom, and two Bedrooms, ready for a fresh perspective. The external space includes a generous walled rear garden and outbuildings that could be transformed into functional living areas or studios, subject to obtaining necessary planning permissions. Coleby is rich in history with a community spirit, featuring local amenities such as a village school and the popular Tempest Arms pub known for its stunning views. This property holds great promise for investors wishing to add value through modernization and creative development.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +59.3% above area average per sq ft

+59.3%
This Property
£348/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£127,749
10% above area average per sq ft
Potential ROI
-43.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
26%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +5.5% over the last 12 months
3 year growth: +1.5%
5 year growth: +3.5%
Investment Disclaimer: Analysis based on LN5 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

Far Lane, Coleby, Lincoln, Lincolnshire, LN5
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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
£667
Based on a loan of £138,750 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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