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Wragholme Road, Grainthorpe, Louth, LN11

East Midlands

£200,000
Listed on 06/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1570 sqft

Description

Nestled on a generous quarter-acre plot in the charming village of Grainthorpe, this three-bedroom detached home presents an attractive prospect for those seeking peaceful village living with great investment potential. With no forward chain, you are positioned to explore various development opportunities (pending planning permission) that could augment the existing structure or utilize the ample outdoor space. The property has been recently updated, featuring a modern kitchen and a stylish family bathroom, while its flexible layout can accommodate diverse living needs. Enter through the utility room with W/C, leading into the newly fitted kitchen that flows seamlessly into a spacious dining room. The inviting lounge showcases a feature bow window, creating a cozy atmosphere, and there's an adaptable office/study that has functioned as a fourth bedroom in the past. Upstairs reveals two double bedrooms and another single bedroom accompanied by a contemporary family bathroom equipped with both a separate shower and double vanity sinks. Outside, the wrap-around garden offers serene views of surrounding fields and includes several outbuildings formerly used as stables—ideal candidates for conversion into workshops or guest accommodation (subject to planning approval). With proximity to Louth's amenities and access to nature walks in Lincolnshire's scenic landscape, this property is not just a home but also a canvas for future growth and personalization.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -42.5% below area average per sq ft

-42.5%
Potential saving
This Property
£127/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£382,531
10% above area average per sq ft
Potential ROI
+62.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +13.9%
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

Wragholme Road, Grainthorpe, Louth, LN11
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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
£721
Based on a loan of £150,000 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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