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Raftsund, Cromwell Avenue, Woodhall Spa

East Midlands

£799,950
Listed on 02/10/2025

Property Details

Bedrooms
7
Type
Detached house
Area
3831 sqft

Description

This remarkable property, nestled in a desirable conservation area of Woodhall Spa, presents a unique opportunity for renovation or investment. Currently functioning as a spacious family residence, it boasts seven bedrooms, three reception rooms, and a breakfast kitchen. With numerous period features preserved throughout, the property carries a sense of historic charm that further enhances its appeal. One of the standout aspects of this home is its versatility. Planning permission has already been granted to convert the property into two separate dwellings, which can be executed with relative ease given the existing layout that includes two staircases and dual driveway access. This potential for subdivision makes it an attractive proposition for investors or those looking to create multi-generational living spaces. Entering through a solid timber door, you are welcomed into an elegant entrance lobby featuring ceiling cornices and deep skirting boards. The reception hall showcases a broad staircase with storage underneath, accompanied by intricate moldings and parquet flooring. This level encompasses a variety of inviting rooms: The living room features south-facing bay windows leading to the rear garden and includes an open fireplace framed by an elegant tiled surround. Meanwhile, the dining room benefits from dual aspects and direct access to the garden via French doors. A home office also offers pleasant views over the outdoor space and could easily serve as an additional bedroom if needed. The breakfast kitchen features fitted units with ample space for modern appliances and has direct access to a charming garden room that complements outdoor entertaining or relaxation. On the first floor, you will find a well-lit landing leading to multiple bedrooms, each characterized by original features. The main bedroom includes an en-suite bathroom while others feature period fireplaces and distinct character elements. A sizeable family bathroom completes this level along with additional bedrooms offering potential for personalization. Outside, the property boasts extensive grounds with both parking options at the front as well as a detached garage. The predominantly lawned rear garden is bordered by mature trees and shrubs, providing privacy while being conducive to family activities or future landscaping projects. With all mains services in place including gas central heating and UPVC double glazing, this property does not just promise comfortable living but also exciting prospects for enhancement or redevelopment in a highly sought-after location within Lincolnshire.

Investment Analysis

(LN10 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£209/sq ft
Area Average
£285/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Target Value
£1,201,440
10% above area average per sq ft
Potential ROI
+30.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (LN10)

Area prices are falling by +3.3% over the last 12 months
3 year growth: 11.1%
5 year growth: 16.7%
Investment Disclaimer: Analysis based on LN10 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,930
Based on a loan of £599,962 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE