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The Old Plough, North Witham

East Midlands

£275,000

Listed on 24/06/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1375 sqft

Description

This charming three-bedroom stone cottage presents a remarkable opportunity for renovation and investment. Nestled in a quiet lane within a desirable village, the property features a gated courtyard encased by substantial stone outbuildings, including stables that offer considerable potential for conversion into annex accommodation, home offices, or other creative uses—pending necessary planning approvals. While the cottage requires comprehensive renovation throughout, it comes with the advantage of no onward chain. Conveniently positioned near the A1 and just a short distance from local amenities in South Witham and Colsterworth, as well as Grantham railway station providing direct links to London King's Cross in approximately one hour, this property is ideally located for both personal use and future development.

Investment Analysis

(NG33 area)

Below Market Value

This property is priced -23.4% below area average per sq ft

-23.4%
Potential saving
This Property
£200/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£255
Avg Yield
3.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£394,763
10% above area average per sq ft
Potential ROI
+8.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
10
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (NG33)

Area prices are falling by -8.2% over the last 12 months
3 year growth: -9.0%
5 year growth: -6.9%
Investment Disclaimer: Analysis based on NG33 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 Old Plough, North Witham
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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
£1,039
Based on a loan of £206,250 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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