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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 03/08/2025

Property Details

Bedrooms
2
Type
Semi-detached house
Area
532 sqft

Description

This quaint 2-bedroom cottage is situated in the charming village of Coleby, an area known for its rich history and character. The property is available with no onward chain, making it a potential hassle-free investment opportunity. Inside, the layout features a Lounge/Diner that serves as a welcoming space for relaxation and entertaining. The kitchen is functional and offers scope for modernization to suit contemporary preferences. Upstairs, you’ll find two bedrooms that provide ample natural light and space. The family bathroom is also present on the first floor, offering essential amenities. One of the standout features of this property is the expansive walled rear garden, which provides an excellent canvas for landscaping or gardening endeavors. Additionally, there are outbuildings on the premises with promising potential for conversion into additional living spaces or workshops, subject to necessary planning permissions. Coleby itself boasts a vibrant community atmosphere enriched by historical significance, showcasing influences from Roman, Saxon, and Norman eras. Residents benefit from local amenities, including a village school and The Tempest Arms pub—known for its picturesque views across the valley—contributing to a wholesome village lifestyle. This property not only presents an inviting living space but also offers considerable renovation potential and investment prospects in a desirable location steeped in history.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +63.4% above area average per sq ft

+63.4%
This Property
£348/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £20,000
Target Value
£124,560
10% above area average per sq ft
Potential ROI
-39.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£678
Based on a loan of £138,750 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