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Front Street, Normanby-By-Spital

East Midlands

£525,000
Listed on 30/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2917 sqft

Description

This period property, a five-bedroom detached residence dating back to 1774, offers significant renovation and development potential. Situated on approximately half an acre, the property includes a sizable barn/workshop that was formerly a local joinery, featuring distinctive tree trunk beams and rustic charm. The residence itself has been predominantly modernized while carefully preserving original elements such as exposed timber beams and the fascinating stonework in the dining room. The layout consists of multiple living spaces including a lounge with garden access, a snug with an open fireplace, and a kitchen equipped for contemporary living. Upstairs, there are four large double bedrooms and a single bedroom along with a family bathroom that still retains some historical character. The extensive grounds boast several outbuildings and an established garden with mature apple trees, providing ample opportunity for outdoor enhancements or further extensions pending planning permissions. Given its rich history and unique features, this property represents not just a home but also an exciting investment project for those looking to add value through renovations.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -19.8% below area average per sq ft

-19.8%
Potential saving
This Property
£180/sq ft
Area Average
£224/sq ft
Avg Rent (weekly)
£201
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£720,193
10% above area average per sq ft
Potential ROI
+17.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
17
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by -9.2% over the last 12 months
3 year growth: -3.7%
5 year growth: +13.9%
Investment Disclaimer: Analysis based on LN8 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

Front Street, Normanby-By-Spital
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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
£1,893
Based on a loan of £393,750 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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