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Maud Foster Mill, Willoughby Road

East Midlands

£549,950
Listed on 31/01/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This distinctive property offers a rare opportunity for buyers interested in both historical significance and investment potential. The Maud Foster Windmill, constructed in 1819, is an iconic Grade I listed structure situated along the picturesque banks of the Maud Foster. Not only does this seven-storey windmill serve as a functioning mill, but it also operates as a successful business with a profitable retail and flour milling operation. The versatility of this property is noteworthy. Currently open to the public on select days, the windmill presents an array of possibilities for creative investors. With appropriate planning permissions (STPP), it holds the potential to be transformed into various ventures such as a wedding venue, boutique hotel, vacation rental, or restaurant and shop. The first floor, which previously accommodated a café, could be further developed into a full-time business space. Inside the windmill, a spiral staircase connects multiple levels leading up to an impressive loft-style penthouse that features three character-filled bedrooms. The aesthetic charm throughout adds to the appeal of the living space, making it suitable as either a stylish residence or part of a larger commercial venture. Additionally, two workshops located on the ground level offer ample room for storage or expansion of business operations. The property's rear garden provides a tranquil outdoor setting, while parking facilities at the front enhance convenience for both residents and visitors alike. As an established working mill seeking new stewardship, this landmark holds immense potential for those willing to invest time and creativity into its future. Viewings are available by appointment only; please reach out to arrange your visit and explore this exceptional opportunity further.

Investment Analysis

(PE21 area)
Area Average
£186/sq ft
Avg Rent (weekly)
£179
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£54,995 - £137,488
10-25% of property value
Monthly Sales
35
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PE21)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 3.1%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on PE21 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

Maud Foster Mill, Willoughby Road
Map showing location of Maud Foster Mill, Willoughby Road
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