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Louth Road, South Somercotes, LN11

East Midlands

£299,950

Listed on 11/08/2026

The listing

Property details

Bedrooms
3
Type
Detached
Area
1238 sqft

Features

  • Garage
  • Garden
  • Parking

Description

This three-bedroom detached farmhouse in South Somercotes presents a substantial opportunity for renovation and investment. Set on a spacious 0.35 acre plot, the property boasts generous internal space complemented by extensive outbuildings and picturesque views of open fields at the rear. The home is currently livable but requires some updating to unlock its full potential. The ground floor features a sizable lounge and dining room, each equipped with fireplaces which facilitate versatile living and entertaining arrangements. At the heart of the property lies a kitchen/diner, furnished with farmhouse-style base units and an inglenook fireplace that houses an Aga-style oil cooker. This area provides ample room for a dining table while offering excellent scope for modernisation or reconfiguration. Accessed from the kitchen, an enclosed staircase leads to the first floor which contains three spacious double bedrooms, all benefiting from field views. Each bedroom has potential for built-in storage or en-suite facilities pending necessary permissions. The family bathroom includes a panelled bath with shower, WC, and wash basin, along with additional storage space from a large airing cupboard. Externally, the property occupies an expansive 0.35 acre garden featuring established greenery and outbuildings that offer considerable flexibility for workshops or alternative uses, subject to planning consent. There is ample off-road parking available through two driveways accommodating multiple vehicles or even caravans/motorhomes. With oil-fired central heating and owned solar panels providing potential energy savings, this farmhouse stands as a promising project for buyers looking to enhance their living space in a tranquil village setting while still being close to Louth's amenities and surrounding natural beauty.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

38out of 100
Grade ELow opportunity

Confidence: MEDIUM

This detached farmhouse has a distinctive canvas: two reception rooms with fireplaces, a farmhouse-style kitchen with an Aga-style cooker, open field views and substantial brick outbuildings. The 0.35-acre garden, solar panels and generous practical space add to its character, while the visible interiors and garden offer scope for a substantial, whole-house programme rather than a cosmetic update. One bedroom has pronounced ceiling-finish failure and exposed masonry; the condition should be investigated and made good, and the outbuildings are weathered.

The asking price of £299,950 is around 9% above the local average on a £/sqf basis, so price is not a value advantage here. With a mid-to-substantial works programme, the purchase price and improvement burden leave the overall cost stretched against local benchmarks for this floor area; that comparison is with current local values, not a forecast of the value after renovation.

Key opportunities

  • Use the two fireplace-centred reception rooms and generous farmhouse kitchen as the basis for a more coherent modern layout, retaining distinctive character such as the inglenook and Aga-style cooker if desired.
  • Make the established garden and substantial brick outbuildings work harder for outdoor living, storage or workshop use, subject to checking their condition and any permissions for alternative uses.
  • Create a consistent interior through a substantial programme of making-good, updated finishes and improved use of the generous rooms, while taking advantage of the open field outlook and solar panels.

Key risks

  • The asking price is already above the local £/sqf benchmark, and a substantial programme of improvements makes the overall purchase economics stretched against current local values for this floor area.
  • The failed ceiling finish and exposed masonry in a bedroom need investigation before the scope is settled; weathered outbuilding roofs and neglected garden areas also warrant close inspection.
  • The deteriorated interior finishes, bedroom making-good and neglected external areas make this a heavy, multi-stage programme rather than a cosmetic refresh; allow for a longer and more involved project.
  • Headroom after works looks limited when the asking price sits alongside the indicated works scale — around 22% above what similar-sized stock commands locally today, so margin after refurbishment is unproven.

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Map

Location

Louth Road, South Somercotes, LN11
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Transport

Nearest stations

  • Cleethorpes Rail Station

    11.7 miles

    Train · Cleethorpes

  • New Clee Rail Station

    13.1 miles

    Train · East Marsh

  • Grimsby Town Rail Station

    13.2 miles

    Train · Grimsby

  • Grimsby Docks Rail Station

    13.5 miles

    Train · East Marsh

Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.

Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
%
%
years

Current average 2-year fixed rate is 5.13%

Current average variable rate is 6.58%

Monthly Repayments
£1,226
Based on a loan of £224,962 over 30 years at 5.13% 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.

Tax

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Indicative tax based on the asking price and the options you select.

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