We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work4-bedroom detached house · LN11 7BG
Listing removedListed 264 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Choice Properties proudly presents this charming cottage, which offers huge potential for buyers looking for a full renovation project, providing the chance to restore and redesign into a beautiful home tailored to your own style and needs.
This exciting full renovation opportunity, offers generous accommodation throughout.
The property includes four bedrooms, one en-suite, a spacious entrance, multiple living areas, and a separate utility, making it an ideal project for those looking to create a substantial home to their own specification.
**A RECENT SURVEY ON THIS PROPERTY HAS BROUGHT UP SUBSTANTIAL STRUCTURAL ISSUE, ONLY CASH BUYER ADVISED TO VIEW** Entrance - 3.15m x 3.66m (10'4" x 12') - This spacious, bright entrance hall offers access to the living room, kitchen/dining area, and Bedroom 3, with stairs leading to the first floor.
It also features under-stairs storage, a radiator, and a tiled fireplace.
Living Room - 4.52m x 5.77m (14'10" x 18'11") - The living room is filled with natural light, featuring double PVC doors opening to the garden and an additional window.
It also benefits from two radiators, a marble-base fireplace, and a TV aerial.
Kitchen / Dining Area - 4.04m x 5.89m (13'3" x 19'4") - The kitchen diner offers ample cabinet space and includes an electric cooker, two radiators, and a fireplace.
The fuse box is also conveniently located within this room. Utility - 3.35m x 2.08m (11' x 6'10") - The utility room is accessed via the kitchen and provides an external door for entry and exit.
It houses the oil-fired Potterton boiler and includes a sink with space for a washer/dryer.
Landing - 4.78m x 0.89m (15'8" x 2'11") - The landing is accessed via the stairs and provides access to Bedrooms 1, 2 and 4, as well as the main bathroom and loft.
A window allows in plenty of natural light.
Bedroom 1 - 4.55m x 4.17m (14'11" x 13'8") - The master bedroom features two large windows, a large radiator, and ample space for a king-size bed and fitted wardrobes.
Bedroom 2 - 4.11m x 3.68m (13'6" x 12'1") - Bedroom 2 features two fitted wardrobes, a radiator, and a window.
Bedroom 3 - 4.39m x 3.12m (14'5" x 10'3") - Bedroom 3, accessed from the ground-floor entrance, includes a radiator, a window, and an open-plan en-suite.
Ensuite - The en-suite features a three-piece suite, including a bath, WC, wash hand basin, along with a heated towel rail. It also has a window and tiled floors and walls.
Bedroom 4 - 2.57m x 2.64m (8'5" x 8'8") - Bedroom 4 includes a window, radiator, and above-stair storage, with enough space for a single bed and additional furniture.
Bathroom - 4.50m x 1.45m (14'9" x 4'9") - The family bathroom houses the hot water tank within a linen cupboard and features a three-piece suite, including a bath with overhead shower, WC and wash hand basin.
It also includes a window and a radiator.
Gardens - Spacious gardens surround the front and sides of the property, offering plenty of potential for gardening enthusiasts or those needing ample parking, with all boundaries fully secured by fencing.
Driveway - The driveway, accessible via wooden front gates, provides space for three cars with ease and could potentially accommodate even more with the garden cleared.
Structural Issues - A recent survey has shown that this property has serious structural issues hence the price it is marketed at.
Due to these issue the property will be unmortgagable so only cash buyers are advised to view. Tenure - Freehold.
Council Tax Band - Local Authority - East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincolnshire, LN9 6PH Tel. No.
Website: Council Tax Band - According to the Valuation Office Agency Website the property is currently in Council Tax Band C.
Amount payable 2025/26 - £1899.56 Viewing Arrangements - By appointment through Choice Properties on . Opening Hours - Monday to Friday 9.00 a.m to 5.00 p.m. Saturday 9.00 a.m. to 3.00 p.m.
Making An Offer - If you are interested in making an offer on this property please have a chat with us and we will be happy to start the negotiations for you.
Under money laundering regulation we will ask you to provide us with formal photographic ID by way of either a passport or driving licence.
If you are travelling from afar we would advise bringing this documentation with you just in case this home is perfect for you.
We would also like to make you aware that we will require details of your estate agents, proof of funds should you be a cash buyer and solicitors details, as this helps us to start the transaction quickly for you.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 Main Road, Grainthorpe, Louth
Explore nearby