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High Street, Binbrook, LN8

East Midlands

£125,000
Listed on 04/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This former chapel presents a unique opportunity to transform a historic building into a spacious and character-rich residence, located in the picturesque village of Binbrook. With its generous layout and original architectural features, this property is primed for a thoughtful conversion into a high-quality home. The property is equipped with essential temporary amenities including a kitchen and shower room, enabling practical living during the renovation phase. Full planning permission has already been granted for residential conversion, paving the way for prospective buyers to move forward with development. The approved plans include an inviting rear garden and an appealing side terrace, enhancing outdoor living spaces. Key infrastructure elements such as mains water, drainage, three-phase electrics, fibre broadband, and a log burner are in place, providing a solid foundation for renovation while also helping to mitigate initial setup costs. Proposed accommodation comprises: - Ground Floor: Kitchen/Dining Room, Hallway, Utility Room, WC/Cloakroom, Lounge - Mezzanine Level: Lounge - First Floor: Landing, Three Bedrooms, Bathroom - Exterior: Rear Garden, Side Terrace, Bin Storage Situated within Binbrook village—less than 10 miles from Market Rasen and Louth—the property benefits from local amenities including schools, healthcare services, and leisure facilities. This compelling opportunity is ideal for those looking to invest in a distinctive home in the East Midlands region.

Investment Analysis

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

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
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

High Street, Binbrook, LN8
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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
£458
Based on a loan of £93,750 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