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Lake Street, Mayfield, TN20

South East

£2,000,000
Listed on 01/02/2026

Property Details

Bedrooms
8
Type
Detached house
Area
5541 sqft

Description

This Grade II listed Manor House, known locally for its striking architecture and historical significance, is set within approximately 20 acres of land, comprising lush fields, gardens, and woodland. The property features over 4,000 sq.ft of living space with 8 bedrooms and 3 bathrooms, along with a grand galleried hall, spacious drawing room, dining room, and a kitchen equipped with adjacent larders and utility rooms. While the house has been well cared for over the past forty years, it is now in need of modernisation to unlock its full potential. Character elements such as exposed stonework and expansive fireplaces lend a unique charm that could be enhanced through thoughtful renovations. Significant updates have already been made to certain areas including the swimming pool facility which boasts recent improvements and solar panel installations. The substantial gardens and outbuildings provide exciting opportunities for expansion or alternative uses (subject to necessary consents). A secondary staircase allows easy access to the upper levels where additional bedrooms could potentially be converted into ensuite facilities. This notable residence not only offers a slice of history but also the chance for an astute investor or renovator to create a bespoke family home in a coveted location near Mayfield.

Investment Analysis

(TN20 area)

Below Market Value

This property is priced -13.3% below area average per sq ft

-13.3%
Potential saving
This Property
£361/sq ft
Area Average
£416/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
Target Value
£2,537,390
10% above area average per sq ft
Potential ROI
+12.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
2
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (TN20)

Area prices are falling by -14.0% over the last 12 months
3 year growth: -32.5%
5 year growth: -7.2%
Investment Disclaimer: Analysis based on TN20 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

Lake Street, Mayfield, TN20
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£7,213
Based on a loan of £1,500,000 over 30 years at 4.06% 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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