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Main Road, Saltfleetby, LN11

East Midlands

£745,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Equestrian Facility
Area
2399 sqft

Description

This former farmhouse presents a compelling opportunity for investors and families alike, set on more than eight acres in the picturesque village of Saltfleetby, near the Lincolnshire coast. Previously functioning as a caravan park with up to 48 pitches, this property offers significant potential for various uses including leisure and equestrian facilities. The spacious four-bedroom farmhouse is currently in habitable condition but requires a comprehensive modernization to fully realize its potential. Inside, the layout comprises several generous reception rooms, each featuring charming traditional fireplaces, alongside a snug with a wood-burning stove that invites cozy gatherings. The kitchen provides ample space for dining and connects to a utility room with WC—perfect for handling daily chores. Upstairs are three well-sized double bedrooms surrounding a central landing, complemented by a family bathroom; while they are comfortable now, there's considerable scope for updating and personalizing these spaces to suit modern tastes. The extensive grounds include valuable outbuildings such as a large barn capable of agricultural or commercial use and generating income from activities like vehicle storage. Equestrian setups with stables, paddocks, and menage offer opportunities for private use or livery operations. Additionally, the professionally designed fishing lake enhances the charm of the property while contributing potential income streams. Accessed via a gated driveway, the property is surrounded by lush gardens leading into diverse outdoor areas including paddocks and recreational sites. This unique smallholding combines residential living with multiple income-generating prospects, making it an attractive investment opportunity.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +40.2% above area average per sq ft

+40.2%
This Property
£311/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£160
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£584,648
10% above area average per sq ft
Potential ROI
-30.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (LN11)

Area prices are rising by +3.9% over the last 12 months
3 year growth: -0.5%
5 year growth: +13.0%
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

Main Road, Saltfleetby, LN11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£2,639
Based on a loan of £558,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

This calculation uses non-residential (land/commercial) tax rates.

Price History

-12.4% since listed
£745,000£55,000(-6.9%)
27/03/2026
Current price
£800,000£50,000(-5.9%)
21/03/2026
£850,000Initial listing
05/12/2025

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