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Chapel Lane, Great Carlton, LN11

East Midlands

£140,000
Listed on 31/01/2026

Property Details

Bedrooms
2
Type
Detached house

Description

This former chapel presents a unique opportunity for transformation in the peaceful village of Great Carlton, just 15 minutes from Louth. With full planning permission secured for conversion into a two-bedroom residence, the layout is designed for modern living, featuring an open plan kitchen and dining area, along with essential amenities like a family bathroom and an en-suite to the master bedroom. Key infrastructure improvements are already underway, including a newly fitted air source heat pump and EV charging point. All main utilities such as drainage, water, and smart metered electricity are connected. This property not only offers a charming location but also boasts substantial potential for creating an inviting home with appealing outdoor spaces in front and rear gardens, complemented by plans for parking accommodations. The ongoing renovation works highlight its readiness for further development.

Investment Analysis

(LN11 area)
Area Average
£222/sq ft
Avg Rent (weekly)
£161
Avg Yield
2.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -1.1%
5 year growth: +13.9%
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

Chapel Lane, Great Carlton, LN11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£505
Based on a loan of £105,000 over 30 years at 4.06% 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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