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See how verdicts work4-bedroom house · LN8 3UB
No longer listedListed 1066 days
Opportunity summary
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About
Formally a poultry house with planning permission to convert into a substantial family home.
This fantastic opportunity would provide the discerning purchaser with an opportunity to create a unique Eco Friendly Family Home!
The current planning consent provides a wonderful family residence situated in an idyllic location surrounded by views cross open fields.
Once converted the accommodation will comprise, entrance lobby, lounge, sitting room/home office/play room, dining room, breakfast kitchen, cloaks/W.C and four bedrooms all with en-suite facilities.
The current owners have also included a Static Caravan for whilst works are being undertaken. Externally the property benefits from large grounds and offers superb views over open countryside.
WLDC planning reference 142886. Planning permission was obtained on 12th May 2022 for change of use from agricultural to residential use and erection of garage/log store.
Water, electricity and telecoms are on site. Foundations and drainage are also in place. Directions - From the agents office turn right and then right again along George Street.
Follow the road past the church and along Caistor Road/A46 At the 'T' junction turn left onto Gallamore Lane, following this road until the property known as Ingledene is found on the right hand side.
The poultry store is to the rear of the property on the right hand side.
Layout - This former poultry house will be converted to a single storey dwelling and will extend to approximately 2400 sq ft/222.96 m2 of living space.
Accommodation - The accommodation will briefly comprise: Entrance Lobby - Breakfast Kitchen - Cloaks/W.C - Sitting Room/Playroom/Office - Lounge - Dining Room - Master Bedroom With Ensuite - Bedroom Two With Ensuite - Bedroom Three With Ensuite - Bedroom Four With Ensuite - Externally - The property sits in a plot of just over a third of an acre with superb outside space, views across open fields and planning for a garage/log store.
Static Caravan Incuded - This will need connecting to services by any buyer. Hall - Radiator. Lounge/Dining Room - 4.55m max x 3.51m (14'11 max x 11'6) - Double glazed bow window. Windows to sides.
Double glazed door. Archway to:- Kitchen Area - 2.77m max x 2.44m (9'1 max x 8'0) - Wall and base units. Roll top work-surfaces with inset one and a half bowl single drainer sink top.
Double glazed window to the side. Bedroom One - 3.56m x 2.26m min (11'8 x 7'5 min) - Double glazed window to the side. Fitted storage. Bedroom Two - 1.60m x 2.44m (5'3 x 8'0) - Wardrobe.
Double glazed window to the side. Shower Room - Step-in shower cubicle. Low level w.c. Wash hand basin in vanity unit. Double glazed window to the side.
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
FAQ
About Gallamore Lane, Middle Rasen
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