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Chapel Lane, Harmston

East Midlands

£300,000
Listed on 14/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1227 sqft

Description

The Olde Barne presents a unique opportunity for those looking to invest in a traditional cottage nestled in the desirable village of Harmston. This spacious four-bedroom property is ripe for renovation and offers a blank canvas for modernisation while retaining its original charm and character. The ample room sizes and period details reflect the essence of a classic village home, providing a solid foundation for restoration or redesign to suit contemporary living. Externally, the property features generous outdoor space that could be transformed into an inviting garden or used for additional storage, all set within the tranquil surroundings that Harmston offers. With existing tenants to be vacated upon sale, new owners can look forward to a seamless transition. This is an excellent chance for buyers keen on undertaking a project that embraces both historic value and future potential as it enjoys good access to Lincoln and nearby amenities.

Investment Analysis

(LN5 area)

Above Market Value

This property is priced +14.9% above area average per sq ft

+14.9%
This Property
£244/sq ft
Area Average
£213/sq ft
Avg Rent (weekly)
£184
Avg Yield
4.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£287,284
10% above area average per sq ft
Potential ROI
-26.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
18%
Properties sold annually

Local Market Trend (LN5)

Area prices are rising by +7.5% over the last 12 months
3 year growth: 3.5%
5 year growth: 9.7%
Investment Disclaimer: Analysis based on LN5 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, Harmston
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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
£1,099
Based on a loan of £225,000 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