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Chapel Lane, Ludford, Market Rasen

East Midlands

£165,000
Listed on 28/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1057 sqft

Description

This three-bedroom semi-detached house presents a significant renovation opportunity in the tranquil village of Ludford, located at the edge of the picturesque Lincolnshire Wolds Area of Outstanding Natural Beauty. Nestled between Market Rasen and Louth, both of which offer various shops, schools, and amenities, this property benefits from a rural setting while remaining conveniently accessible to urban facilities in Lincoln. The residence requires a comprehensive refurbishment, allowing for customization according to personal taste and modern standards. The layout includes an Entrance Hallway that connects to a Dining Room and Lounge, creating potential for an open-concept living space. The kitchen has existing fittings but awaits reimagining to enhance functionality and style. Additionally, a utility room provides further convenience along with a downstairs shower room. Upstairs, the landing leads to three bedrooms, each offering ample natural light through UPVC double-glazed windows and built-in wardrobes. The family bathroom also presents opportunities for improvement. Externally, the property features a driveway that accommodates off-road parking, along with a hardstanding area in the rear garden where a garage is positioned. With no onward chain attached to the sale, this home is well-suited for investors or buyers looking for a project that can significantly increase value in an attractive location. Ludford itself is characterized by its rural charm, featuring local amenities such as a church and public house. The proximity to Market Rasen and Louth ensures residents have access to more extensive shopping options and community services. This combination of location and potential makes it an appealing choice for those interested in creating their ideal living space amidst the scenic backdrop of the Lincolnshire Wolds.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -29.7% below area average per sq ft

-29.7%
Potential saving
This Property
£156/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£258,003
10% above area average per sq ft
Potential ROI
+5.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
15
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +13.8% over the last 12 months
3 year growth: -4.3%
5 year growth: 11.1%
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

Chapel Lane, Ludford, Market Rasen
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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
£604
Based on a loan of £123,750 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