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See how verdicts work3-bedroom house · LN4 3SW
Listing removedReduced £25k (−11.1%) on 3 JulListed 161 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
● Brick Barn with pp to Extend and Convert into a Three Bedroom Residential Dwelling ● Set in Approx.
1.6 Acres ● Ideal for Equestrian or Smallholding Use ● Barn with Internal Pens / Stables and Field Shelters ● Paddock Grazing ● Mobile Home (Available By Sep Neg) ● Ample Off-Road Parking with Space for Horsebox / Trailer A traditional style barn with planning permission for conversion to a three bedroom dwelling, set in approx.
1.6 acres and ideal for equestrian or smallholding use. The property sits on the edge of the village of Walcott which has a traditional pub and a primary school and offers many countryside walks.
It is close to the very well served village of Billinghay which boasts a range of everyday amenities.
The larger village of Metheringham has a train station connecting the East Coast mainline and the inland resort of Woodhall Spa is just a short drive away.
The detached brick barn has planning permission to extend and convert into a single storey, three bedroom residential dwelling with a rear extension, offering a great opportunity to create a comfortable family home, together with change of use of part of the paddock land to form a domestic garden.
Further details can be found under application number 24/0458/ful North Kesteven District Council. The vendor advises that the barn has been underpinned and the footings are in place.
The property is approached via a shared gravel driveway which provides off road parking for multiple vehicles, including space for trailer, horse box etc.
Additionally, there is a Two Bedroom Mobile Home in situ (available by separate negotiation).
There are a good range of outbuildings, including a Barn 9.3m x 5.7m (30’6 x 18’8) with double doors to front and Two Internal Stables/Pens (used for ponies/ goats) and providing hay/feed storage, and Two Field Shelters and a Lorry Body Back used for additional storage.
The Land is predominantly level paddock grazing, fenced to the boundaries and sub-divided with electric tape fencing. In all approx. 1.6 acres (About 0.65 Hectares)
Value & comps
No previous sales on record.
Returns
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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 BARN, 83 High Street, Lincoln
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