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See how verdicts work3-bedroom detached house · LN11 8TG
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Situated on the outskirts of a sought-after village, this detached period former farmhouse occupies an exceptional rural setting with an approximately 14 acres of grounds and offers a rare combination of character, land, and development opportunity.
The property includes an attractive range of traditional farm buildings together with productive paddocks extending beyond, making it suitable for a variety of rural, equestrian, or smallholding pursuits.
One of the traditional buildings benefits from full planning permission for conversion into a self-contained granny annex, providing excellent ancillary accommodation.
In addition, the property offers considerable scope for further development, with a favourable pre-application response from the local authority indicating some support for additional separate dwellings and conversion of outbuildings , subject to providing detailed application planning.
EPC rating D. Location The property occupies a pleasant position onNorthgate Lane, on the edge of the well regarded Lincolnshire Village of Grimoldby.
The village offers a range of everyday amenities including a primary school, village hall, and convenience store, while a wider range of shopping, leisure and educational means can be found in the nearby market town of Louth, renowned for its independent shops, restaurants and Georgian streetscape.
The surrounding area is characterised by attractive open countryside, offering excellent opportunities for walking, cycling and equestrian pursuits.
The Lincolnshire Wolds , an area of outstanding natural beauty, are within easy reach, while the county's unspoilt coastline, including the beaches at Mablethorpe and Sutton on Sea, is also conveniently accessible.
Front Entrance Lobby With uPVC double glazed front door and staircase to first floor landing.
Lounge 4.22m x 3.9m With brick fireplace housing solid fuel stove, uPVC double glazed window, radiator and under the stairs cupboard. Maximum width measurement.
Dining room 4.17m x 2.74m With brick fireplace housing double sided solid fuel stove, uPVC double glazed window to front and rear elevations, radiator and under stairs cupboard.
Minimum width measurement. Pantry 3.82m x 2.11m Having low ceiling, uPVC double glazed window. Minimum width measurement.
Kitchen 4.16m x 3.36m With modern fitted kitchen units comprising of wall and base cupboards, wood block effect worktops, stainless steel sink and drainer board, space for washing machine, cooker and fridge, tiled splash backs, uPVC double glazed windows to front and side elevations, fireplace opening with double sided solid fuel stove, built-in in pantry cupboard, uPVC double glazed side access door, and staircase leading to: Box room/Office 2.62m x 2.23m With uPVC double glazed window, radiator and fitted wardrobe.
Maximum width measurement.
Stairs To First Floor Landing With radiator, uPVC double glazed window, built-in laundry cupboard housing Viessmann gas fired central heating boiler and access to roof space.
Bedroom 1 4.22m x 3.95m With fireplace grate and timber surround, uPVC double window, radiator and built in cupboard. Maximum width measurement.
Bedroom 2 4.17m x 3.43m With bedroom grate and timber surround, uPVC double glazed windows to front and side elevations, radiator.
Bedroom 3 3.28m x 2.86m With uPVC double glazed window, radiator, and built in cupboard.
Bathroom 2.2m x 1.9m With steps leading down and having a panelled bath with electric shower over, wash basin, close coupled toilet, radiator, part tiled walls, shaverpoint.
Maximum width.
Outside The attractive cottage style gardens include a pond, vegetable garden, lawns, flower shrub & beds and gravel driveway, providing ample off street parking, raised brick and a timber decked patio area housing timber summer house.
To the rear of the house the former farm yard includes a number of traditional brick built farm buildings, including a barn with planning permission for conversion to a granny annex, brick stables, former milking parlours, double garage and cart sheds as well as a portal frame steel pole barn all providing potential for business use, holiday/ Air BnB , equestrian or conversion subject to local authority consents.
The grazing land beyond provides a delightful rural setting for equestrian pursuits or as a glamping/ camp site again subject to local authority consents.
Planning The brick built barn situated behind the house obtained permission for a change of use, conversion of, extension and alterations to provide a granny annex on the 25th of April 2024 subject to conditions.
The planning decision and associated documents can be viewed on EastLindsey District Council's planning portal with a reference N/067/02461/23 or alternatively copies are available at our office for inspection.
In addition the owners have obtained a pre-application advice letter from the local authority for further conversions of existing farm buildings and a new build to the east of the house.
A copy of the pre advice letter is available from our office. Full planning applications would be required by the planning authority.
Services The property is understood to have mains water, electricity, gas and drainage. Gas central heating.
Mobile We understand from the Ofcom website there is 74% coverage from EE, 71% from 02, 68% from Vodaphone and 67% from Three.
Broadband We understand from the Ofcom website that standard broadband is available at this property with a standard download speed of 16Mbps and an upload speed of 1Mbps.
Superfast broadband is available with a download speed of 80Mbps and upload speed of 20Mbps. Openreach is the available network. Tenure The property is understood to be freehold.
Council Tax Band According to the government online portal, the property is currently in Council Tax Band D.
Mandatory Buyer Anti-Money Laundering Check Should a purchaser(s) have an offer accepted on a property marketed by John Taylors, they will need to undertake an identification check and asked to provide information on the source and proof of funds.
This is done to meet our obligation under Anti Money Laundering Regulations (AML) and is a legal requirement. We use a specialist third party service together to verify your information.
The cost of these checks is £45 inc VAT per person, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued.
This charge is non-refundable under any circumstances.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
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
FAQ
About The Hollies Northgate Lane Grimoldby Louth LN11 8TG
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