High Street, Binbrook, LN8
East Midlands
£75,000Guide Price
Listed on 25/10/2026
Listed on 25/10/2026
The listing
Property details
Bedrooms
3Type
PlotFeatures
- Garden
Description
Offered at auction, this substantial former chapel in a Wolds village is presented as a conversion project with the potential to create a distinctive detached home. The listing describes three bedrooms and notes the building's generous proportions and original character. Temporary kitchen and shower-room facilities are in place, with the shower not connected to drainage.
The property has mains water and drainage, three-phase electricity, fibre broadband and a log burner, according to the listing. Gardens and on-street parking are also noted, and the property is offered with no onward chain. The sale is through the Modern Method of Auction, with a 56-day reservation period and a buyer information pack and reservation fee payable under the stated terms. Conversion feasibility, services and the auction conditions should be checked before bidding.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
37out of 100
Grade ELow opportunity
Confidence: LOW
This former chapel has a striking brick exterior, arched windows and a large open interior volume, giving the project a distinctive starting point for creating a characterful detached home. Inside, it is an unfinished shell with exposed brick, bare concrete, visible roof structure and staining to lower wall sections; the garden is also heavily overgrown. The £75,000 asking price cannot yet be judged against local £/sqf because the floor area is missing, and the low overall score reflects the limited information available on value and renovation economics alongside the scale of the work. The listing describes a conversion opportunity, but feasibility and approvals are not established.
Key opportunities
- Rework the large open internal volume and raised platform into a layout suited to a spacious detached home.
- Retain and build around the chapel’s brick exterior, arched windows and visible character features.
- Clear and reshape the overgrown garden to complement the distinctive building.
Key risks
- The stripped interior, unfinished facilities and overgrown garden make this a substantial conversion programme, with budget and timescale well beyond a cosmetic refresh.
- Staining is visible across lower wall sections; its cause and extent need checking.
- Roof and masonry condition cannot be confirmed from the supplied photographs.
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Finance
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£283
Based on a loan of £56,250 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.
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