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Wigsley Road, North Scarle

East Midlands

£575,000

Listed on 29/05/2026

Property Details

Bedrooms
5
Type
Detached
Area
2803 sqft

Description

This extended detached farmhouse, set on approximately 1.74 acres of established grounds, represents a unique opportunity for those looking to invest in Lincolnshire's rural lifestyle. Chestnut House features a blend of period characteristics and generous living areas, making it an ideal canvas for renovation or enhancement. The spacious interior includes over 2,800 sq ft of accommodation, along with garages and outbuildings that offer considerable potential for repurposing or expansion, subject to the necessary permissions. Located in a serene countryside setting, yet conveniently close to Lincoln and Newark, this property is well-suited for buyers seeking privacy and a chance to create their dream home or even explore development options within the extensive grounds. With multiple living spaces including an open-plan kitchen and several adaptable rooms, there is ample scope for modernisation to match your vision—perfect for family life or even multi-generational living. This property stands out as increasingly rare due to its size and future possibilities in a developing community.

Investment Analysis

(LN6 area)

Below Market Value

This property is priced -15.9% below area average per sq ft

-15.9%
Potential saving
This Property
£205/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£233
Avg Yield
4.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£752,325
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
61
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by -1.1% over the last 12 months
3 year growth: +0.7%
5 year growth: +11.1%
Investment Disclaimer: Analysis based on LN6 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

Wigsley Road, North Scarle
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,172
Based on a loan of £431,250 over 30 years at 4.45% 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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