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Templefield Road, Willoughton, Gainsborough - Image 1
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Templefield Road, Willoughton, Gainsborough

Yorkshire

£30,000
Listed on 09/11/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This former blacksmith's workshop presents a distinctive opportunity for imaginative investors or renovators seeking a project in a quaint village setting. The property boasts historical significance, having previously served as a stable and garage, and still features authentic elements such as its original bellows. The structure comprises three main areas: a single garage that once functioned as a stable, an expansive workshop with an inspection pit, and an additional storeroom which could be transformed into another workspace. Given its versatile nature and potential for restoration—including conversion to residential use subject to the necessary permissions—this property invites creative vision to unlock its full capabilities.

Investment Analysis

(DN21 area)
Area Average
£182/sq ft
Avg Rent (weekly)
£156
Avg Yield
4.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£25,000 - £40,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
45
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (DN21)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 3.2%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on DN21 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

Templefield Road, Willoughton, Gainsborough
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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
£110
Based on a loan of £22,500 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