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Louth Road, Fotherby, LN11

East Midlands

£250,000
Listed on 19/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached house, built in 1912, presents a valuable opportunity for those looking to invest in a property with significant renovation potential. Nestled in a quaint village setting, the home sits on a generous 0.2-acre plot, providing ample space for outdoor activities and landscaping possibilities. The property welcomes you with ample parking, accommodating both residents and guests easily. The expansive garden is not only inviting but also offers a canvas for gardening enthusiasts or families looking for an outdoor space where children can play. With some thoughtful planning or expansion (subject to necessary permissions), this area could be transformed into your ideal outdoor retreat. Inside, the layout features two spacious reception rooms that maintain distinct character while offering flexibility in use. One room features a traditional open fireplace, contributing to the property's charm and serving as an inviting gathering space. The second reception room includes an electric fire, making it suitable for various purposes—whether as a formal dining area, family lounge, or a quiet study away from daily bustle. The kitchen provides essential amenities with an electric cooker point and plumbing options for laundry facilities. It stands ready for modernization to better suit contemporary living needs, and the additional pantry/utility area enhances practicality. On the first floor, three generously sized double bedrooms each showcase unique period features such as cast iron fire surrounds—elements that echo the home's Edwardian roots. These rooms offer flexible accommodation options for families or can serve as home offices or creative spaces if desired. Practicality continues with ground-floor facilities that include a shower room fitted with an electric shower and an additional cloakroom WC. These features lend themselves well to busy households and entertaining guests. While modernizing is required throughout the home, its solid foundation—character-rich details, spacious interiors, and prime village location—offers excellent potential for those wishing to customize their living space. The tranquil setting provides easy access to local amenities while retaining the peaceful atmosphere of village life. Overall, this property represents not just a home but also a smart investment opportunity with genuine character and endless potential waiting to be realized.

Investment Analysis

(LN11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£163
Avg Yield
3.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.0%
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.

Location

Louth Road, Fotherby, LN11
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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
£916
Based on a loan of £187,500 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