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High Street, Binbrook, Lincs LN8

East Midlands

£175,000
Listed on 10/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
876 sqft

Description

Nestled in the sought-after Wolds village of Binbrook, this semi-detached cottage presents an opportunity for renovation and investment. With three spacious bedrooms and a flexible layout, the property is ideal for those looking to create a personalized living space or capitalize on its potential rental appeal. The accommodation includes an entrance porch leading into a kitchen dining area that features fitted units and ample natural light from windows overlooking the side and rear gardens. Adjacent to the kitchen is a comfortable lounge, enhanced by a brick fireplace and sliding doors that open to the exterior. Upstairs, you will find three well-proportioned double bedrooms, each benefiting from good-sized windows that provide pleasant views of the surrounding area. The shower room rounds out the interior facilities, offering essential amenities while still allowing for future upgrades. One of the standout features of this property is its expansive outdoor space. Set within large private gardens, the grounds include two substantial brick outbuildings that present exciting possibilities for conversion—whether into additional living areas or workshops. The garden is well-established and offers a degree of privacy, with fencing and hedging creating a secluded atmosphere. With off-road parking available and additional structures such as a wooden summerhouse and greenhouse adding charm, this property not only provides immediate functional benefits but also holds significant potential for value enhancement through modernization efforts. Whether you're looking to make it your own or invest for rental opportunities, this cottage in Binbrook represents a promising project in a desirable location.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -10.1% below area average per sq ft

-10.1%
Potential saving
This Property
£200/sq ft
Area Average
£222/sq ft
Avg Rent (weekly)
£334
Avg Yield
5.4%

Renovation Potential

Est. Renovation Cost
£17,500 - £43,750
10-25% of property value
Target Value
£214,064
10% above area average per sq ft
Potential ROI
-2.1%
After renovation
Monthly Sales
8
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +11.2% over the last 12 months
3 year growth: -1.1%
5 year growth: 11.6%
Investment Disclaimer: Analysis based on LN8 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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, Binbrook, Lincs LN8
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