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Raftsund, Cromwell Avenue, Woodhall Spa

East Midlands

£850,000
Listed on 11/05/2025

Property Details

Bedrooms
7
Type
Detached house

Description

This substantial property, situated within the conservation area of a desirable Lincolnshire village, presents a unique opportunity for renovation and investment. Currently serving as a spacious family home, it features seven bedrooms alongside three well-proportioned reception rooms and a breakfast kitchen. The home retains many period characteristics that reflect its historic charm, providing an appealing backdrop for any modernization efforts. The entrance welcomes you through an impressive timber door into a lobby adorned with ceiling cornices and deep skirting boards. This leads to the reception hall, which boasts an easy-rise staircase to the first floor, complemented by elegant moldings and parquet flooring. The ground floor includes a generous living room with a south-facing bay window and French doors leading out to the rear garden, creating an inviting space filled with natural light. The dining room offers dual aspects for further brightness and features another fireplace that serves as a central focal point. A key highlight of this property is its potential for subdivision; planning permission has been granted to separate it into two dwellings. With two existing staircases and separate driveway access at each end of the property, this conversion could be executed relatively smoothly, making it an attractive project for investors or developers looking to capitalize on the local housing market. The layout accommodates ample living space across both floors, including several bedrooms with delightful views and charming original features such as fireplaces. The first floor landing benefits from large leaded windows that add an extra dimension of light. Additional amenities like utility spaces, multiple storage options, and several bathrooms enhance the functionality of this residence. Outside, the property boasts a circular drive providing ample parking alongside a detached garage. The south-facing rear garden is predominantly laid to lawn with established trees and shrubs, offering both privacy and potential landscaping opportunities. With all mains services connected, including gas central heating and UPVC double glazing in place, this property is well-equipped while still allowing room for personal touches or significant upgrades. Its location in Woodhall Spa not only provides aesthetic appeal but also positions it conveniently within reach of local amenities, enhancing its rental or resale value potential in the future.

Investment Analysis

(LN10 area)
Area Average
£281/sq ft

Renovation Potential

Est. Renovation Cost
£85,000 - £212,500
10-25% of property value
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

Raftsund, Cromwell Avenue, Woodhall Spa
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