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Chapel Lane, Ludford, Market Rasen LN8 - Image 1
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Chapel Lane, Ludford, Market Rasen LN8 - Image 3

Chapel Lane, Ludford, Market Rasen LN8

East Midlands

£165,000
Listed on 10/12/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1057 sqft

Description

This three-bedroom semi-detached house presents a promising renovation project located on a tranquil lane in the village of Ludford, nestled at the edge of the scenic Lincolnshire Wolds Area of Outstanding Natural Beauty. The property is conveniently situated between Market Rasen and Louth, both of which provide essential services, shops, schools, and other amenities. While the home requires comprehensive refurbishment to restore its full potential, it offers a blank canvas for those looking to create a comfortable family residence. The layout includes an entrance hallway, dining room, lounge with fireplace, kitchen with utility area, and a downstairs shower room. Upstairs, you'll find three bedrooms along with a family bathroom. Out front, there's off-road parking leading to a hardstanding rear garden and garage. With easy access to Lincoln and local facilities nearby, this property is available with no onward chain and represents an ideal investment opportunity for renovators.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£156/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£226
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£258,759
10% above area average per sq ft
Potential ROI
+20.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +9.7% over the last 12 months
3 year growth: -2.8%
5 year growth: 14.3%
Investment Disclaimer: Analysis based on LN8 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

Chapel Lane, Ludford, Market Rasen LN8
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£604
Based on a loan of £123,750 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE