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The Hollies Northgate Lane Grimoldby Louth LN11 8TG - Image 1
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The Hollies Northgate Lane Grimoldby Louth LN11 8TG

East Midlands

£725,000

Listed on 20/06/2026

Property Details

Bedrooms
3
Type
Detached
Area
1323 sqft

Description

Nestled on the fringes of a desirable village, this detached former farmhouse exudes potential, set within approximately 14 acres of picturesque grounds. The property boasts an appealing array of traditional agricultural buildings which could serve various purposes, including rural initiatives or equestrian activities. A noteworthy aspect is the full planning permission already granted for converting one of these traditional structures into a self-contained granny annex, adding significant value and versatility to the property. Furthermore, there is substantial opportunity for additional development; a recent pre-application response from the local authority suggests positive feedback for further conversions and new housing, pending detailed planning submissions. This home not only offers character but also remarkable scope for investment enhancement in a sought-after area. The location benefits from proximity to Grimoldby village's amenities like a primary school and convenience store, while the market town of Louth is just a short drive away, known for its vibrant independent shops and Georgian architecture. The region's natural beauty, particularly the Lincolnshire Wolds and stunning coastal areas such as Mablethorpe, enhances its appeal. Inside, the property retains some charming period features alongside practical spaces that may require modernization but are generally functional. This includes several reception areas with fireplaces and solid fuel stoves that can be refreshed to create inviting living environments. The kitchen has modern fitted units but would benefit from contemporary updates to maximize usability.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +147.6% above area average per sq ft

+147.6%
This Property
£548/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£174
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£322,058
10% above area average per sq ft
Potential ROI
-60.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

The Hollies Northgate Lane Grimoldby Louth LN11 8TG
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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
£2,739
Based on a loan of £543,750 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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