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Millstone Poplars Lane Legbourne Louth LN11 8LY - Image 1
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Millstone Poplars Lane Legbourne Louth LN11 8LY

East Midlands

£385,000
Listed on 13/01/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1539 sqft

Description

This detached residence is situated in a sought-after village location, set on an expansive plot measuring approximately 0.38 acres. The property presents a promising opportunity for those looking to modernise and improve a family home while enjoying views over the village from the first floor. A shortcut footpath enhances accessibility to nearby amenities on Mill Lane. Currently in need of refurbishment, this house can be transformed into a desirable living space that meets contemporary standards. With no onward chain, it stands as an excellent investment for buyers eager to add value in this attractive area. The EPC rating is D.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +12.5% above area average per sq ft

+12.5%
This Property
£250/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£172
Avg Yield
3.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £65,000
Target Value
£376,416
10% above area average per sq ft
Potential ROI
-16.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
23%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +1.8% over the last 12 months
3 year growth: 0.6%
5 year growth: 15.9%
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

Millstone Poplars Lane Legbourne Louth LN11 8LY
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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
£1,410
Based on a loan of £288,750 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