5 bedroom detached house for sale

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5 bedroom detached house for sale

Poors End, Grainthorpe, Louth LN11
£400,000

Our Summary

  • Old Wheelwrights offers versatile living ideal for merging families and is ideally positioned on the outskirts of a popular coastal village offering great potential for horticultural and equestrian use or further development (STP)
  • Internally the property is ready for a full scheme of modernisation but offers well planned accommodation while externally there are extensive gardens and woodland with a large barn making this a superb buy for keen gardeners and recreational use
  • The property then had a further extension in the 1980s to provide the two-bedroom annexe bungalow, providing a versatile living arrangement
  • Extended Woods The plot extends away from the house, having grassed areas with large steel-framed and timber construction greenhouse in need of repair and refurbishment, making an ideal space for the keen gardener, extending beyond into further grassed area
  • A superb recreation area ideal for equestrian or horticultural use and possible planning potential (subject to planning)
  • (subject to planning)
  • Overage Clause The sale of the property is subject to overage provisions whereby should planning for a separate residential dwelling be granted, then an uplift payment of 50% over a 20 year period will be payable to the current vendors or their beneficiaries upon either the earlier implementation or sale of the building plots

Description

A period three bedroom house with an attached two bedroom bungalow annex set in beautiful private grounds of approximately 1.46 acres, located in a rural village in Lincolnshire. The property has been extended and offers well-planned accommodation, with a versatile living arrangement. The gardens and woodland provide ample space for recreational use, and there is a large barn making it ideal for keen gardeners. The property has uPVC double-glazed windows and is heated by two separate oil-fired boilers, with potential for further development (subject to planning). The annex has timber-framed windows and is heated by electric fire. The property has been affected by subsidence and is currently subject to an ongoing subsidence claim. The sale is also subject to overage provisions, whereby an uplift payment will be payable if planning for a separate residential dwelling is granted.
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