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Newbridge Lane, Covenham St Mary, Louth

East Midlands

£155,000
Listed on 15/10/2025

Property Details

Bedrooms
5
Type
Detached house

Description

This property presents a rare opportunity for renovation and investment in the desirable village of Covenham St Mary, situated at the fringe of the picturesque Lincolnshire Wolds. Offering a unique combination of residential potential and agricultural charm, the site features three connected barns set within established grounds. Currently, outline planning permission has been granted for the conversion of these barns into two separate residential units—a spacious two-storey barn capable of accommodating three bedrooms and a single-storey barn designed for two bedrooms. There is also potential to create a larger single residence with an accompanying self-contained annex, enhancing its versatility for various living arrangements or rental opportunities. Nestled within a former farmyard that forms a quaint open courtyard, this property benefits from full access via an existing driveway on Newbridge Road, ensuring convenience for vehicles during renovations. The site is also equipped with accessible services nearby, making it easier to implement any upgrades. Furthermore, the owner retains rights to maintain the boundary walls, which supports ongoing property preservation. With its tranquil village location and proximity to natural landscapes, this property not only offers a blank canvas for creative redevelopment but also represents significant investment potential in an area known for its beauty and slow-paced lifestyle.

Investment Analysis

(LN11 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
29
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.0% over the last 12 months
3 year growth: 3.6%
5 year growth: 16.0%
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.

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Location

Newbridge Lane, Covenham St Mary, Louth
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