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Old Ash Barns, Chapel Lane, High Hameringham - Image 1
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Old Ash Barns, Chapel Lane, High Hameringham

East Midlands

£375,000
Listed on 15/10/2025

Property Details

Bedrooms
4
Type
Detached house
Area
940 sqft

Description

This detached traditional farmhouse presents a compelling opportunity for renovation and investment, set on an elevated hillside with approximately 0.93 acres of grounds. The property benefits from a serene location surrounded by open countryside, offering picturesque views that include notable landmarks such as Lincoln Cathedral and Boston Stump. Significantly, the current owners have secured Full Planning Permission for a comprehensive redevelopment of the site. Proposed plans outline the construction of a contemporary 'L'-shaped residence designed by the award-winning interior architect Marta Nowicka. This new layout envisions a spacious main house featuring an inviting hallway, an expansive living kitchen, storage areas, two ground floor bedrooms—one with an ensuite bathroom—and another with a shared 'Jack and Jill' bathroom. The first floor is planned to include a landing area, an additional study, a bedroom with its own ensuite, and a glazed link leading to an annex. This annex will encompass another living kitchen, two further ground floor bedrooms (one with an ensuite), and an upper level bedroom also with ensuite facilities. Currently, existing outbuildings made of brick and pantile offer additional potential uses or could be integrated into future designs. The fully fenced grounds provide both privacy and security, featuring hand and vehicle access gates. This property is not only attractive for those looking to create their own bespoke home but also serves as a notable investment opportunity in a tranquil setting that remains well-connected to nearby amenities. With careful attention to its renovation potential and the implementation of approved plans, this farmhouse could transform into a modern haven while preserving its distinct charm.

Investment Analysis

(LN9 area)

Above Market Value

This property is priced +75.5% above area average per sq ft

+75.5%
This Property
£399/sq ft
Area Average
£227/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£200,000 - £350,000
Target Value
£234,977
10% above area average per sq ft
Potential ROI
-67.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN9)

Area prices are stable by +1.7% over the last 12 months
3 year growth: -1.5%
5 year growth: 13.7%
Investment Disclaimer: Analysis based on LN9 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

Old Ash Barns, Chapel Lane, High Hameringham
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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
£1,374
Based on a loan of £281,250 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