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Louth Road, Gayton Le Marsh, Alford - Image 1
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Louth Road, Gayton Le Marsh, Alford

East Midlands

£495,000
Listed on 31/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This property presents a unique opportunity for developers and investors seeking a project with substantial potential in the picturesque Lincolnshire countryside. Set on approximately 2.7 acres, this partially completed four-bedroom residence includes a double garage and is ripe for customization according to your vision. The ongoing renovation offers an exciting blank canvas, allowing you to design a high-end home tailored to personal preferences. Significant work remains, including the installation of windows, doors, heating systems, and electrical fixtures – making this an ideal venture for those looking to infuse their own style into the final product. Located on the edge of the sought-after villages of Gayton Le Marsh and Withern, the property enjoys a peaceful and secluded atmosphere while still being conveniently close to local amenities. The nearby market town of Louth and the scenic Lincolnshire coast provide both convenience and leisure opportunities, enhancing the appeal for future residents or holidaymakers. With planning permission already in place through East Lindsey District Council (Ref: N/058/00596/15), there’s also potential to explore additional uses for the land such as equestrian facilities or recreational developments like holiday lodges or fishing lakes. Overall, this property represents not just a home but a versatile investment opportunity in a desirable area known for its stunning landscapes and vibrant community. For those considering an ambitious renovation or development endeavor, early viewings are encouraged to truly appreciate what this site has to offer.

Investment Analysis

(LN13 area)
Area Average
£223/sq ft

Renovation Potential

Heavy 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
6
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (LN13)

Area prices are stable by +1.1% over the last 12 months
3 year growth: -5.1%
5 year growth: 4.7%
Investment Disclaimer: Analysis based on LN13 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

Louth Road, Gayton Le Marsh, Alford
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Mortgage Calculator

£
£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,813
Based on a loan of £371,250 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