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See how verdicts work2-bedroom bungalow · LN11 8JR
For saleListed 636 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Lovelle Estate Agency are delighted to bring to the market this rare opportunity to acquire a former chapel located in the quiet village of Great Carlton.
Located just a 15 minute drive from the market town of Louth.
The former chapel benefits from full planning permission to be converted into a two bedroom home with open plan living kitchen diner, a family bathroom and en-suite bathroom to the master bedroom.
EPC rating: Exempt.
Tenure: Freehold, Planning Permission Full information on the proposed conversion can be found by heading to the East Lindsey District Council Planning Portal and quoting the reference number N/063/00931/21.
A building regulations conditional approval is also in place as well as planning conditions that have been discharged. Certain works have been started to implement the planning approval.
The current owners have had an ashp fitted (brand new) ready for connection for a new heating system aswell as the installation of an EV charger.
All mains drainage, water and electricity (smart metered) are connected and working. Entrance Hall 7'4" x 16'9" (2.24m x 5.11m) Hardwood entrance door to the front elevation.
UPVC double glazed window to the side elevation. Wall mounted electric consumer unit and meter. Doors leading to the front room, rear room and kitchen area.
Front Room 18'7" x 28'9" (5.66m x 8.76m) With three windows to the side elevation, an additional two windows to the opposite elevation and a one to the front.
Bi folding door leading to the rear room which opens the space through.
Rear Room 17'0" x 19'11" (5.18m x 6.07m) Three windows to the rear elevation and three uPVC double glazed windows to the side elevation. Access to the loft space.
Kitchen Area 11'6" x 8'5" (3.51m x 2.57m) UPVC double glazed window to the side elevation. White ceramic butler sink unit and plumbing.
Outside The chapel sits on a plot with open fields to the rear and side with potential gardens to the front side and rear with the planning in place to create two parking spaces. EPC Rating: G
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
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FAQ
About The Old Chapel Chapel Lane, Louth
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