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Main Road, Little Carlton, Louth, Lincolnshire, LN11

East Midlands

£450,000

Listed on 17/06/2026

Property Details

Bedrooms
5
Type
Detached
Area
4896 sqft

Description

Nestled in the serene landscape of Little Carlton, this Grade II Listed Old Mill, dating back to the early 1800s, presents a unique opportunity for those looking to invest in a property with significant renovation potential. The generous plot offers expansive rural views and a chance to create a distinguished country residence. With existing planning permission for an extension and foundations already in place, aspiring homeowners can quickly advance their vision for this character-rich property. The principal dwelling boasts five spacious bedrooms, two bathrooms, and three versatile reception rooms, merging historical charm with modern family living needs. In addition to the main accommodation, there is a recently built holiday let that adds immediate income potential or could serve as guest housing. Moreover, the former bakehouse on site enhances the property's historic allure while offering further possibilities for sympathetic restoration. This collection of buildings not only emphasizes its historical significance but also represents an exciting canvas for renovation enthusiasts or investors focused on maximizing future value. Surrounded by idyllic countryside yet conveniently close to local amenities in Louth, The Old Mill stands as a remarkable prospect for anyone keen on blending country lifestyle with investment opportunity.

Investment Analysis

(LN11 area)

Below Market Value

This property is priced -58.5% below area average per sq ft

-58.5%
Potential saving
This Property
£92/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£174
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£1,191,833
10% above area average per sq ft
Potential ROI
+109.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (LN11)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -4.3%
5 year growth: +7.0%
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

Main Road, Little Carlton, Louth, Lincolnshire, LN11
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,700
Based on a loan of £337,500 over 30 years at 4.45% 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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