Worst House on the Street Logo
Mill Lane, PE22 - Image 1
Mill Lane, PE22 - Image 2
Mill Lane, PE22 - Image 3
Mill Lane, PE22 - Image 4

Mill Lane, PE22

East of England

£170,000
Listed on 01/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1168 sqft

Description

This traditional three-bedroom detached home offers significant renovation potential and is situated in a tranquil rural village setting, near the charming Grade II listed 'Toft Mill'. The property features a garage, extensive gardens, and outbuildings, making it an attractive opportunity for those looking to modernize and elevate the living space. Currently arranged with an entrance porch, reception hall, lounge, dining room, kitchen, cloakroom, and washroom on the ground floor, along with three bedrooms and a shower room upstairs. The home is equipped with oil-fired central heating and boasts pleasant farmland views from the front. Modernization is needed throughout, providing a blank canvas for new owners to create their ideal family residence. There is no onward chain, facilitating a smooth purchase process. Set on approximately 0.19 acres with established gardens filled with trees and shrubs, this property also includes useful amenities such as a tarmac driveway leading to the garage and additional storage solutions like timber sheds and greenhouses. Located conveniently within Wrangle village—only a short drive from Boston and Skegness—this home is well-positioned for access to local services including schools and healthcare.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -34.5% below area average per sq ft

-34.5%
Potential saving
This Property
£146/sq ft
Area Average
£222/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£285,290
10% above area average per sq ft
Potential ROI
+35.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +9.9% over the last 12 months
3 year growth: -0.6%
5 year growth: 24.4%
Investment Disclaimer: Analysis based on PE22 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

Mill Lane, PE22
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£623
Based on a loan of £127,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

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