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Old Grammar School Way, Wragby, LN8

East Midlands

£249,995
Listed on 26/11/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This freehold property, located in the attractive market town of Wragby, offers a wealth of renovation potential. With an EPC rating of D, this home is situated conveniently close to Lincoln and Louth, making it ideal for those looking to invest in a growing community. The property features an entrance hall leading to various spacious rooms including a lounge with double doors that open to the rear garden, a dining room filled with natural light from dual aspect windows, and a kitchen equipped with ample cupboard space and a breakfast bar. The utility room provides additional functional space, while the four bedrooms are well-sized for family living or could be repurposed as office spaces for remote work. The outdoor area boasts a lawn and patio suitable for enhancement, along with a double garage and extensive off-road parking—currently featuring an EV charger. This property holds significant opportunities for modern upgrades or cosmetic improvements that could increase its appeal and value in this desirable area.

Investment Analysis

(LN8 area)
Area Average
£222/sq ft
Avg Rent (weekly)
£222
Avg Yield
4.0%

Renovation Potential

Medium 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
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

Old Grammar School Way, Wragby, LN8
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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
£916
Based on a loan of £187,496 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