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The Dower House, Lincoln, LN4

East Midlands

£1,500,000
Listed on 30/12/2025

Property Details

Bedrooms
7
Type
Detached house
Area
9814 sqft

Description

Situated just a short train journey from London and conveniently located 1.5 miles from the historic city of Lincoln, The Dower House represents an attractive opportunity in a serene village setting. This property offers a unique mix of tranquil countryside living and access to urban amenities, including boutique shopping and fine dining options in Lincoln.<br><br>Located in the picturesque village of Canwick, known for its strong community spirit and peaceful ambience, The Dower House stands out with its substantial Victorian architecture. Currently configured as six individual apartments, it boasts extensive living space with over 2,300 sq ft dedicated to the owner’s quarters.<br><br>Recently rehabilitated while maintaining its historical elegance—characterized by high ceilings, decorative fireplaces, and intricate woodwork—the property is ready for new owners to explore its investment potential. With existing guest accommodations that have garnered positive reviews on platforms like Booking.com, this residence can function as an income-generating short-term rental from day one or be transformed into a spacious family home suitable for multi-generational living.<br><br>The current layout includes several refurbished apartments that feature inviting decor and modern conveniences. For example, Apartment 4 shines with a contemporary kitchen that complements the building's classic aesthetics. Moreover, Apartment 3 boasts lovely views of Lincoln Cathedral providing ample natural light.<br><br>The beautifully landscaped gardens surrounding the property enhance its appeal further, creating an oasis in close proximity to urban life. Each apartment enjoys access to these outdoor spaces designed for peace and relaxation.<br><br>For those looking for deeper investment opportunities, The Dower House presents exciting possibilities for further development—such as creating an impressive penthouse unit or splitting the expansive owner’s suite into additional living spaces. These enhancements could yield seven high-end apartments catering to upscale short-term rentals or maintain six apartments alongside a distinguished personal residence. Additionally, there's potential for selling individual units separately, making this one of East Midlands' prime residential investments.<br><br>This property invites innovative thinking and offers multiple avenues for growth while celebrating its rich history.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -36.0% below area average per sq ft

-36.0%
Potential saving
This Property
£153/sq ft
Area Average
£239/sq ft
Avg Rent (weekly)
£211
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,577,402
10% above area average per sq ft
Potential ROI
+47.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
16%
Properties sold annually

Local Market Trend (LN4)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 0.4%
5 year growth: 14.2%
Investment Disclaimer: Analysis based on LN4 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

The Dower House, Lincoln, LN4
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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
£5,495
Based on a loan of £1,125,000 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