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Mill Lane, Sutterton, Boston, Lincolnshire, PE20

East of England

£385,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Detached
Area
2461 sqft

Description

Nestled in the sought-after village of Sutterton, this charming detached former granary, dating back to the 1800s, is set on an expansive plot of approximately 0.33 acres (sts), surrounded by scenic open fields that enhance its private setting. The property features a wealth of original character elements, which provide a unique backdrop for modern living. Accessed through an electric gate, it offers generous off-road parking spaces alongside a double garage and a versatile timber outbuilding within its meticulously maintained grounds. Inside, the layout is both spacious and functional, blending traditional charm with practical design. The ground floor welcomes you with an entrance hall leading to a substantial lounge and an inviting kitchen/dining area perfect for gatherings, complemented by a utility room and cloakroom. Upstairs, the galleried landing connects three well-sized double bedrooms and a family bathroom. An exciting aspect of this property is its adjoining Grade II listed mill, which previously had planning permission (now expired) for conversion into a two-bedroom annexe or holiday accommodation. This presents considerable potential for redevelopment aimed at multi-generational living or generating rental income upon reapplication for necessary consents. With no onward chain, this distinctive residence offers not only immediate living comfort but also vast possibilities for enhancement and customization.

Investment Analysis

(PE20 area)

Below Market Value

This property is priced -28.9% below area average per sq ft

-28.9%
Potential saving
This Property
£156/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£190
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£595,562
10% above area average per sq ft
Potential ROI
+25.4%
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
6%
Properties sold annually

Local Market Trend (PE20)

Area prices are stable by +0.6% over the last 12 months
3 year growth: -3.6%
5 year growth: +22.8%
Investment Disclaimer: Analysis based on PE20 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, Sutterton, Boston, Lincolnshire, PE20
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,364
Based on a loan of £288,750 over 30 years at 3.91% 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.

Stamp Duty Calculator

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