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High Street, Billinghay, Lincoln, Lincolnshire, LN4

East Midlands

£425,000

Listed on 19/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1875 sqft

Description

This distinctive property offers a wealth of possibilities for investors and renovators alike, situated in a central village location that enhances its appeal. Originally constructed in 1868, the residence showcases substantial original features and spacious living areas, including four sizable double bedrooms. The layout presents a significant opportunity for reconfiguration or redevelopment. Behind the house lies a collection of traditional outbuildings (772 sqft), which could be repurposed for various commercial applications or integrated into the main living space. Previously, the property operated as a butcher's shop before transitioning into a fish and chip establishment, which has recently ceased operations due to health reasons. This dual-use capability ensures flexibility for future owners, whether looking to restore the business or adapt it for personal use. The total plot size approaches a quarter of an acre, with potential development plans already drafted by the seller but not submitted, allowing new owners to explore their vision without starting from scratch. An internal viewing is essential to grasp fully the renovation opportunities this property presents.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -6.0% below area average per sq ft

-6.0%
Potential saving
This Property
£227/sq ft
Area Average
£241/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£497,372
10% above area average per sq ft
Potential ROI
-1.5%
After renovation
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 stable by +1.4% over the last 12 months
3 year growth: -0.9%
5 year growth: +6.7%
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, Billinghay, Lincoln, Lincolnshire, LN4
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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
£1,606
Based on a loan of £318,750 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.

Stamp Duty Calculator

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