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Mill Lane, Woodhall Spa, Lincolnshire, LN10 - Image 1
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Mill Lane, Woodhall Spa, Lincolnshire, LN10 - Image 5

Mill Lane, Woodhall Spa, Lincolnshire, LN10

East Midlands

£350,000
Listed on 15/08/2024

Property Details

Bedrooms
4
Type
Detached house
Area
1270 sqft

Description

This detached family home presents an opportunity for renovation and customization, catering to buyers looking to invest in a property in a sought-after village setting. While the home has been well-maintained over the years, it offers a blank canvas for those who wish to update its features and design according to personal preferences. Situated on a non-estate plot at the edge of a vibrant village, this property benefits from proximity to local amenities, including shops, schools, and communal spaces that contribute to an engaging community atmosphere. The surrounding area is known for its picturesque charm and accessibility, making it a desirable location for families and individuals alike. Spanning approximately 1,286 square feet, the interior layout includes a welcoming hallway, convenient cloakroom, and spacious dual-aspect lounge featuring a coal effect gas fire. The adjacent dining room opens via French doors to the garden, providing seamless indoor-outdoor living. The kitchen and utility room offer functional spaces that can be reimagined with modern updates. Upstairs, four generously sized double bedrooms share access to a house bathroom equipped with both a bathtub and separate shower enclosure. Outside, the property boasts ample parking thanks to driveways at the front and side leading to a detached double garage. The expansive rear garden is inviting and offers considerable potential for landscaping or expansion of outdoor living space. With established trees and shrubs alongside an ornamental pond, this backyard oasis provides privacy due to its high leylandi hedge along the rear boundary. Given its location, structural potential, and generous plot size, this home is ideal for those interested in investing in renovations that could significantly enhance both value and comfort.

Investment Analysis

(LN10 area)

Below Market Value

This property is priced -1.8% below area average per sq ft

-1.8%
Potential saving
This Property
£276/sq ft
Area Average
£281/sq ft

Renovation Potential

Est. Renovation Cost
£35,000 - £87,500
10-25% of property value
Target Value
£391,928
10% above area average per sq ft
Potential ROI
-10.4%
After renovation
Monthly Sales
6
Average per month
Market Turnover
13%
Properties sold annually

Local Market Trend (LN10)

Area prices are stable by +1.5% over the last 12 months
3 year growth: 22.3%
5 year growth: 22.9%
Investment Disclaimer: Analysis based on LN10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Renovation costs vary significantly based on property condition and scope of work. Always conduct professional surveys and get multiple quotes before making investment decisions.

Location

Mill Lane, Woodhall Spa, Lincolnshire, LN10
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