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Tinkle Street, Grimoldby, LN11

East Midlands

£125,000
Listed on 04/11/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This property presents a distinctive opportunity for renovation and investment in the charming village of Grimoldby. Once a Methodist chapel, this detached building is rich in history and offers substantial potential for transformation into a bespoke residential dwelling. The chapel features an impressive architectural style, characterized by its spacious layout and original details. Currently, it includes two large main rooms, a separate kitchenette area, and a cloakroom with a WC. While the interior requires thorough renovation throughout, this provides a perfect blank canvas for those looking to modernize the space while preserving its unique character. Previously granted planning permission for conversion into residential use has lapsed, but with renewed applications possible, this site holds exciting prospects for imaginative redevelopment. The generous proportions of the chapel allow for creative design solutions to adapt the existing structure to contemporary living needs. Located in the heart of Grimoldby, residents will benefit from the conveniences of village life, including local shops, a post office, and access to primary education facilities. The location strikes a balance between community atmosphere and proximity to Louth, where additional amenities and recreational options are readily available. The property stands out not only for its potential as an investment but also due to its remarkable heritage and striking façade. This former place of worship invites buyers with vision who appreciate historical buildings and wish to create a one-of-a-kind home that honors its past while integrating modern comforts. For more details or to schedule a visit to explore this unique property further, please reach out to our office.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
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

Tinkle Street, Grimoldby, LN11
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