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Manby Middlegate, Grimoldby, Louth LN11 - Image 1
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Manby Middlegate, Grimoldby, Louth LN11

East Midlands

£320,000
Listed on 20/09/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising residential development opportunity located on a spacious plot of just over one acre in a desirable village in Lincolnshire. Previously, planning permission was granted for four dwellings along with garages, which included the construction of a new garage for Wheelwrights Cottage positioned at the front of the site. The original approval, set to expire in September 2024, allows potential buyers the chance to revive or enhance these plans with new applications. Flexibility is offered as the sellers are open to considering an increase in density should negotiations proceed positively. The sale comes with stipulations regarding existing rights of way and boundary responsibilities, ensuring clarity for interested parties. Prospective buyers are encouraged to submit detailed proposals outlining their intentions regarding financing and timelines, particularly since any further planning applications would be at their own expense. Access to services remains the responsibility of the purchaser, requiring due diligence before proceeding.

Investment Analysis

(LN11 area)
Area Average
£221/sq ft
Avg Rent (weekly)
£161
Avg Yield
3.0%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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
21%
Properties sold annually

Local Market Trend (LN11)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -2.5%
5 year growth: +12.9%
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

Manby Middlegate, Grimoldby, Louth LN11
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Mortgage Calculator

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Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,154
Based on a loan of £240,000 over 30 years at 4.06% 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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