Worst House on the Street Logo
Peters Lane, LN13 - Image 1
Peters Lane, LN13 - Image 2
Peters Lane, LN13 - Image 3
Peters Lane, LN13 - Image 4
Peters Lane, LN13 - Image 5
Peters Lane, LN13 - Image 6
Peters Lane, LN13 - Image 7
Peters Lane, LN13 - Image 8
Peters Lane, LN13 - Image 9
Peters Lane, LN13 - Image 10
Peters Lane, LN13 - Image 11

Peters Lane, LN13

East Midlands

£350,000
Listed on 05/03/2026

Property Details

Bedrooms
4
Type
Detached house
Area
2121 sqft

Description

This four-bedroom detached home in Withern, near Alford, offers a spacious layout on a substantial plot, making it an appealing option for families and investors alike. The property is being sold vacant with no onward chain, presenting an ideal opportunity for those looking to add value through renovations or extensions (subject to planning permission). Upon entering, you are greeted by a functional utility room that leads into the main hallway and provides convenient access to the large kitchen. The ground floor includes a sizable living room perfect for entertaining, alongside a versatile bedroom that can be repurposed as a dining area or additional lounge space. A three-piece shower room adds practicality to this level, while direct access to the rear garden enhances the property's appeal. The ample garage and complementary storage room further increase the usability of the ground floor and offer potential for future enhancements. On the first floor, you will find three generous double bedrooms filled with natural light and a smaller single bedroom that could serve multiple purposes such as an office or guest accommodation. A family bathroom completes this level, providing essential amenities. Set on a large plot with extensive gardens and courtyard space at both sides and rear, there is significant potential for outdoor development or simply enjoying family activities in a private setting. Additionally, off-street parking via a driveway adds further practicality. Located in the tranquil village of Withern yet conveniently close to Mablethorpe’s coastal attractions, this home strikes a balance between peaceful countryside living and easy access to local amenities.

Investment Analysis

(LN13 area)

Below Market Value

This property is priced -24.3% below area average per sq ft

-24.3%
Potential saving
This Property
£165/sq ft
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£508,732
10% above area average per sq ft
Potential ROI
+27.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
46%
Properties sold annually

Local Market Trend (LN13)

Area prices are rising by +2.1% over the last 12 months
3 year growth: -4.8%
5 year growth: +9.0%
Investment Disclaimer: Analysis based on LN13 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

Peters Lane, LN13
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,262
Based on a loan of £262,500 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.

Next Steps

Explore services to help you with this property purchase.

Get help with this property

Financing, surveys and more – choose a service and we’ll connect you with our trusted partners.

Allcott Associates