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Midgelow, Low Road, Wainfleet St Mary, Skegness - Image 1
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Midgelow, Low Road, Wainfleet St Mary, Skegness

East of England

£550,000
Listed on 11/01/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This unique 12-acre smallholding offers a three-bedroom detached house accompanied by two outbuildings, extensive fields, and woodland located on the outskirts of Wainfleet St Mary. The residence features a kitchen with a pantry, a sitting/dining area, a bathroom, and an office space, all of which are in need of modernization. This presents a significant opportunity for improvement and customisation to create a desirable family home. Additionally, the property includes a paddock and substantial brick outbuilding that could be transformed for various uses, along with an open barn/car port. With the possibility of permitted development rights for conversion (subject to necessary permissions), this property stands out as an investment prospect in a rural setting. The land is sold freehold with vacant possession upon completion but note that the arable land is subject to a Farm Business Tenancy. Located just six miles from Skegness and well-connected via the A52, this smallholding combines rural charm with potential for growth.

Investment Analysis

(PE24 area)
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
14
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +6.7% over the last 12 months
3 year growth: -1.5%
5 year growth: 32.0%
Investment Disclaimer: Analysis based on PE24 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

Midgelow, Low Road, Wainfleet St Mary, Skegness
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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
£2,015
Based on a loan of £412,500 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.

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