5 Bed Detached House, Planning Permission, Louth, LN11 0TX, £950,000

Ings Lane, Fotherby, Louth, LN11 0TX - 9 days ago

Cash
Planning
ROI: 1%
~178 m²
+45 photos

ValuationOvervalued

Sold Prices£115K - £600K
Sold Prices/m²£1.4K/m² - £3.6K/m²

 

 

Square Metres

~178.28 m²
Price/m²£5.3K/m²

Value Estimate

£376,079

 

 

End Value (After Refurb)

£420,000

Investment Opportunity

Cash In

 

Purchase Finance

Bridging Loan

Deposit (25%)

£237,500

Stamp Duty & Legal Fees

£87,450

Refurb Costs

£72,275

Bridging Loan Interest

£24,938

Total Cash In

£423,912

 

 

Cash Out

 

Monetisation

FlipRefinance & Rent

Revaluation

£420,000

Mortgage (After Refinance)

£315,000

Mortgage LTV

75%

Cash Left In

£423,912

Equity

£105,000

Rent Range

£895 - £2,500

Rent Estimate

£1,965

Running Costs/mo

£1,726

Cashflow/mo

£240

Cashflow/yr

£2,874

ROI

1%

Gross Yield

2%

Local Sold Prices

20 sold prices from £115K to £600K, average is £345K. £1.4K/m² to £3.6K/m², average is £2.1K/m².

PriceDateDistanceAddressBeds 
£400K02/230.86 miWoodbine Cottage, Grange Lane, Utterby, Louth, Lincolnshire LN11 0TS4
£203K11/230.86 mi6, Queens Close, Utterby, Louth, Lincolnshire LN11 0TT4
£350K02/230.93 mi2, Jacobs Close, Utterby, Louth, Lincolnshire LN11 0GJ4
£442K11/200.94 miLittle Gables, Church Lane, Fotherby, Louth, Lincolnshire LN11 0UH4
£470K06/210.97 miField House, Church Lane, Utterby, Louth, Lincolnshire LN11 0TH4
£240K03/211.23 miThe Posthouse, Main Road, Utterby, Louth, Lincolnshire LN11 0TP4
£130K01/211.32 miThe Bungalow, Little Grimsby Lane, Fotherby, Louth, Lincolnshire LN11 0UT4
£425K12/201.4 mi2, Dickens Beck Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PU4
£383.5K01/211.46 miNewbridge House, Newbridge Lane, Covenham St Mary, Louth, Lincolnshire LN11 0PQ4
£435K04/232.14 miBirches, Ludborough Park, Ludborough, Grimsby, Lincolnshire DN36 5SN4
£600K11/232.26 miAsh Tree House, Livesey Road, Ludborough, Grimsby, Lincolnshire DN36 5SF4
£390K01/212.59 miKingfisher Lodge, Northway, Fulstow, Louth, Lincolnshire LN11 0XH4
£275K11/202.59 miThe Orchards, Northway, Fulstow, Louth, Lincolnshire LN11 0XH4
£310K06/212.6 mi19, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ4
£320K03/232.6 mi17, Casswell Crescent, Fulstow, Louth, Lincolnshire LN11 0XJ4
£460K10/212.75 miByatts Lodge, High Bridge Road, Alvingham, Louth, Lincolnshire LN11 0QB4
£191K01/212.79 mi22, Amanda Drive, Louth, Lincolnshire LN11 0AZ4
£275K05/232.83 mi3, Anthony Crescent, Louth, Lincolnshire LN11 0AY4
£115K10/202.92 mi1, Jubilee Crescent, Louth, Lincolnshire LN11 0AL4
£340K06/232.98 mi11, Davey Close, Louth, Lincolnshire LN11 0AB4

Local Rents

3 rents from £895/mo to £2.5K/mo, average is £2.5K/mo.

RentDateDistanceAddressBeds 
£89512/240.75 mi-2
£2,50005/242.01 miBrakenborough, Louth4
£2,50005/242.01 miBrakenborough, Louth4

Local Area Statistics

Population in LN11

28,179

Population in Louth

28,197

Town centre distance

3.38 miles away

Nearest school

2.10 miles away

Nearest train station

9.97 miles away

 

 

Rental demand

Landlord's market

Rental growth (12m)

+12%

Sales demand

Buyer's market

Capital growth (5yrs)

+9%

Property History

Listed for £950,000

March 27, 2025

Floor Plans

Description

  • Bespoke Executive Home +
  • Five double bedrooms (two with en-suites) +
  • Several impressive reception rooms +
  • Stunning open plan kitchen/breakfast room +
  • Extensive plot of approximately 5 acres STS +
  • Detached double garage & further detached garage +
  • Large stable block with paddocks +
  • 2 Driveways providing parking for ample vehicles +
  • High specification finish throughout +
  • Sought after location +

Choice Properties are delighted to bring to the market this most exquisite and expansive property located in the sought-after village of Fotherby, Louth. This stunning home is truly a gem, boasting 4 reception rooms, 5 bedrooms, and 3 bathrooms, making it the perfect space for a growing family or those who love to entertain guests.

This stunning detached house is set in an impressive 5 acres of land sts, complete with stables, paddocks, and outbuildings, offering endless possibilities for equestrian enthusiasts or those seeking a tranquil countryside lifestyle. It also benefits from planning permission for a full size manege and a 40' x 30' timber barn.

From the moment you step inside, you'll be captivated by the high-specification finishes and attention to detail that run throughout the property.

Whether you're enjoying a peaceful morning in the landscaped gardens or taking in the picturesque views of the surrounding countryside, this property offers a truly idyllic setting for you to call home.

Don't miss out on the opportunity to own this impressive and luxurious property. Book a viewing today and experience the epitome of countryside living in this stunning home.

Entrance Hall - With Front Entrance Door. Staircase to landing. Under stairs cupboard. Open plan area which leads through to the:-

Kitchen/Breakfast Room - 10.26m'' x 7.29m'' (33'8'' x 23'11'') - With recently fitted kitchen featuring wall and base units and centre island with twin sinks with mixer taps and attractive resin counter tops over. Twin stainless steel sink units with mixer taps. Twin double ovens. Gas Hob. Velux windows. Bay window. Tiled floor. French doors leading on to the patio area.

Utility Room - Large walk in cupboard. Plumbing for automatic washing machine. LPG Gas Heat Line Boiler. Velux window.

Boot Room - Fitted Cupboards. Rear access door leading to side yard area.

Dining Room - 5.87m'' x 3.86m'' (19'3'' x 12'8'') - With vaulted ceiling. Velux window

Sitting Room - 7.82m'' x 6.60m'' (25'8'' x 21'8'') - With vaulted and beamed ceiling. French doors leading on to the rear patio.

Lounge - 5.23m'' x 4.88m'' (17'2'' x 16'00'') - With bay window. Attractive feature fireplace. French doors leading on to the rear patio.

First Floor Landing -

Bedroom 1 - 5.23m'' x3.89m'' (17'2'' x12'9'') - Beautiful large master bedroom with dressing area benefitting from a range of fitted wardrobes.

En-Suite Bathroom - With twin sinks with mixer taps set in vanity units with mirrors over. Walk in shower cubicle. Enclosed jacuzzi bath and shower with lighting. Push button flush w.c. Sparkle shower boarding to walls. Heated towel radiator. Velux window.

Bedroom 2 - 6.07m'' x3.84m'' (19'11'' x12'7'') - Good sized room with door to en suite.

Bedroom 2 En Suite - With Jacuzzi power shower. Wash hand basin with mixer tap set in vanity unit. Back to wall push button flush w.c. Sparkle shower boarding to walls. Heated towel radiator.

Second Floor Landing -

Bedroom 3 - 4.52m'' x 3.86m'' (14'10'' x 12'8'') - Interlinked to Bedroom 5 these two rooms provide a stunning bedroom and dressing room or alternatively could be used as a bedroom/sitting room for teenager or grandparents - these rooms are a great multi functional spaces.

Bedroom 4 - 4.52m'' x 3.84m'' (14'10'' x 12'7'') - Good sized bedroom.

Bedroom 5 - 5.51m'' x 3.35m'' (18'1'' x 11'00'') - Interlinks with Bedroom 3

Family Bathroom - With panelled bath with shower over. Wash hand basin with mixer taps set in vanity unit. Back to wall push button flush w.c.

Driveway - The property benefits from two driveways with separate accesses. The first driveway gives access to the large block paved courtyard and the twin garage and single garage. The second driveway leads on to an expansive large yard area which provides ample standing for a plethora of vehicles.

Grounds - This stunning home stands proudly in approx 5 acres of grounds with uninterrupted views of some of Lincolnshire's finest countryside. This super home benefits from two entrances, the first main entrance opens on to a large block paved courtyard providing parking for many vehicles and gives access to the twin height double garages both with power and lighting and the single garage. Wrought iron gates lead through to the rear wrap around garden which features an attractive and extensive patio area on which stands a bespoke built raised Japanese style pergola on which to enjoy drinks and admire the view through the lollipop trees across to Louth's famous St. James Church in the distance. The patio area opens up on the large, well maintained lawn, made most private with hedging around and to the side of the property is the large yard providing further parking space and the second entrance to the property, here there is access to the stable block, tack room and beyond the stables the grounds continue.

Detached Double Garage - 6.96m'' x 5.74m'' (22'10'' x 18'10'') - Double height garage with power and lighting

Detached Garage - 6.20m'' x 3.61m'' (20'4'' x 11'10'') - With power and lighting

Stable Block - With 7 stables and a tack room. All the stables have individual lighting both inside and out and drinkers and feeders.

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.

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.

Opening Hours - Monday to Friday 9.00 a.m. to 5.00 p.m.
Saturday 9.00 a.m. to 3.00 p.m.

Viewing Arrangements - By appointment through Choice Properties on .

Planning Permissions - The vendors inform us that planning permission has been granted for a full size manege behind the stable block and also for a 40' x 30' timber barn in the yard area.

Agent Details

Choice Properties, Louth

01507 308529

Next Steps?

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