Worst House on the Street Logo
Sledge Hill, Ludford LN8 - Image 1
Sledge Hill, Ludford LN8 - Image 2
Sledge Hill, Ludford LN8 - Image 3

Sledge Hill, Ludford LN8

East Midlands

£225,000
Listed on 19/11/2025

Property Details

Bedrooms
4
Type
Detached house
Area
2600 sqft

Description

This property presents a unique investment opportunity situated within the picturesque Lincolnshire Wolds village. Spanning approximately 5.86 acres, this expansive plot comes with full planning permission for the demolition of the existing house and the construction of a new four-bedroom residence, offering around 2,600 square feet of adaptable living space designed to accommodate modern family needs. The site is complemented by several old farm buildings, including a brick-built mill and a grain store, which hold potential for conversion (subject to planning). This adds an intriguing layer for investors looking to enhance the property’s value through creative redevelopment. The elevated position of the land ensures privacy, with no close neighbors while still being conveniently located within walking distance to local amenities, such as a well-regarded village pub. Given its generous size and favorable setting, this property is not only suitable for immediate residential development but also represents a compelling canvas for future enhancements. This blend of location and untapped potential makes it an attractive option for those looking to invest in real estate within a vibrant community.

Investment Analysis

(LN8 area)

Below Market Value

This property is priced -61.2% below area average per sq ft

-61.2%
Potential saving
This Property
£87/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£267
Avg Yield
4.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£300,000 - £500,000
Target Value
£638,495
10% above area average per sq ft
Potential ROI
-11.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (LN8)

Area prices are falling by +15.2% over the last 12 months
3 year growth: -7.5%
5 year growth: 7.0%
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.

Get Financing

Partnered with Yellow Brick Mortgages

5.0k+ 5-star reviews
Save £200 with code WHOTS
No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE

Location

Sledge Hill, Ludford LN8
Loading map...