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High Street, Martin

East Midlands

£200,000
Listed on 15/04/2026

Property Details

Bedrooms
2
Type
Detached

Description

This unique property presents a rare chance for investors or those seeking a tranquil rural lifestyle in the village of Martin, Lincoln. Set on a generous plot, this versatile bungalow features extensive gardens overlooking open farmland, creating an idyllic rural setting that combines peace with accessibility to local amenities. The village fosters a friendly community atmosphere, with nearby towns like Woodhall Spa and Horncastle offering additional shopping and recreational options. At present, the property is configured as two separate units, which enhances its potential for multi-generational living or generating supplemental income. The main residence consists of a comfortable 2-bedroom, 2-bathroom layout paired with two spacious reception areas—perfect for everyday living while also accommodating guests or family members. The outdoor space is particularly notable; the rear gardens are expansive and provide a high level of privacy along with stunning views of the surrounding countryside. Additionally, off-road parking adds to the convenience of this home. What truly distinguishes this property is its significant development potential. Plans are already approved for constructing a detached annex, opening up numerous possibilities—whether you wish to create a customized family retreat, set up holiday rentals, or simply invest in an asset with promising value appreciation in the future. Given its blend of flexible accommodation, ample outdoor space, and ongoing development opportunities in this desirable location, this property stands out as an exceptional investment opportunity. With no onward chain involved in the sale, interested parties should consider viewing promptly to fully grasp both the current livability and future prospects available here.

Investment Analysis

(LN4 area)
Area Average
£240/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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
9%
Properties sold annually

Local Market Trend (LN4)

Area prices are rising by +3.5% over the last 12 months
3 year growth: -0.4%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on LN4 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, Martin
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£708
Based on a loan of £150,000 over 30 years at 3.91% 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.

Stamp Duty Calculator

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