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Old Hall Farm, Pinfold Lane, Great Steeping, Spilsby - Image 1
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Old Hall Farm, Pinfold Lane, Great Steeping, Spilsby

East of England

£595,000
Listed on 20/09/2025

Property Details

Bedrooms
5
Type
Detached house
Area
3013 sqft

Description

This charming farmhouse, believed to have origins dating back around 400 years, presents a unique opportunity for renovation and investment in the serene Lincolnshire countryside. With five spacious bedrooms, the home retains much of its historical character while offering a canvas for modernization to enhance its appeal and functionality. Nestled within approximately 1.9 acres of private grounds, the property features a paddock and stable, making it an excellent prospect for equestrian enthusiasts. Surrounded by additional meadows and grass paddocks, there is potential to acquire further land of up to 18 acres through separate negotiation. This additional space could be utilized for grazing or even expanded equestrian facilities, should planning permissions allow. The adjoining barns are particularly noteworthy; they provide substantial opportunities for development or conversion into additional living space (subject to planning consent). Their existing structure holds potential for various uses that could significantly enhance the property's value. The farmhouse is situated at the end of a picturesque tree-lined driveway, offering both privacy and tranquility. The beautiful countryside views create an idyllic setting while ensuring easy access to local amenities and excellent state schools nearby. Additionally, the coastline with its sandy beaches is just a short drive away, adding to the allure of this location. While the interior has maintained much of its original charm, it does reflect a style that may feel dated to some. However, essential systems such as plumbing and electrics are reported to be in good order. A combination of modern updates alongside respect for its historical details could transform this home into a delightful residence suitable for contemporary family life. The surroundings include mature trees and hedgerows, creating a natural landscape ideal for outdoor activities or gardening. The property also features remnants of historical significance such as signs of an old moat and Roman fish ponds—details that may intrigue history enthusiasts looking to restore and uncover past stories tied to this site. In essence, this farmhouse offers not only a residence but also an investment with profound potential—whether you envision it as a family home filled with new memories or as an equestrian venture in picturesque Lincolnshire countryside.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -11.6% below area average per sq ft

-11.6%
Potential saving
This Property
£197/sq ft
Area Average
£223/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Target Value
£740,415
10% above area average per sq ft
Potential ROI
+3.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by +7.2% over the last 12 months
3 year growth: -6.5%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on PE23 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

Old Hall Farm, Pinfold Lane, Great Steeping, Spilsby
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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
£2,180
Based on a loan of £446,250 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