Blacksmith Lane, Welby, NG32
East Midlands
£695,000
Listed on 03/06/2026
Listed on 03/06/2026
The listing
Property details
Bedrooms
4Type
DetachedArea
3066 sqftFeatures
- Garage
- Garden
- Parking
Description
This impressive Grade II Listed stone farmhouse, steeped in history and believed to date back to the late 17th Century, presents a unique opportunity for renovation and investment. With approximately 3000 square feet of living space, the property is set on a generous plot of 5.12 acres, encompassing beautifully south-facing gardens and ample paddocks. Previously part of a working farm, The Chestnuts features extensive stone outbuildings totaling 2880 square feet, ideal for conversion into additional living spaces or varied uses such as stables or garaging. A charming listed pigeon cote adds character to the grounds. Although requiring significant improvement, this property can be transformed into a desirable family home with equestrian elements, making it an attractive proposition for those looking to invest in rural living while preserving its historical essence.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
55out of 100
Grade DWeak opportunity
Confidence: LOW
At £695,000, this substantial Grade II Listed farmhouse is priced at £227 per sq ft, below the local average of £261 — a genuine acquisition opportunity for someone looking to take on a major project. Its late-17th-century character, 5.12 acres of gardens and paddocks, and extensive outbuildings give the renovation scope real substance, with the potential to shape a distinctive rural home and explore varied uses for the outbuildings, subject to permissions and feasibility.
The visible living spaces need substantial attention, and some roof tiles look weathered or uneven, so a thorough inspection and a carefully planned full-house programme are important. The overall WHOTS score remains weak because renovation economics are insufficiently evidenced, despite the attractive price per square foot and strong fundamentals.
Key opportunities
- A substantial full-house project offers scope to rework the farmhouse into a distinctive family home while preserving its historic stonework and exposed character features.
- The extensive outbuildings, including stables and garaging, provide scope to explore varied uses or conversion, subject to permissions and feasibility.
- Large gardens, paddocks, mature planting and a south-facing setting offer an unusually generous rural canvas.
Key risks
- Worn floor coverings and marked walls in the visible living spaces, alongside the scale of a substantial farmhouse, point to a heavy interior programme; plan for a full-house project rather than a cosmetic refresh.
- Some roof tiles appear weathered or uneven; the photographs do not establish their condition, so the roof and historic buildings need careful inspection.
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Transport
Nearest stations
Ancaster Rail Station
3.8 miles
Train · Ancaster
Grantham Rail Station
4.2 miles
Train · Grantham
Rauceby Rail Station
5.4 miles
Train · South Rauceby
Sleaford Rail Station
7.3 miles
Train · Sleaford
Contains public sector information from NaPTAN (DfT) licensed under the Open Government Licence v3.0.
Finance
Mortgage calculator
Illustrative repayments based on the asking price, not a mortgage offer.
£
£
£
%
%
years
Current average 2-year fixed rate is 5.13%
Current average variable rate is 6.58%
Monthly Repayments
£2,840
Based on a loan of £521,250 over 30 years at 5.13% 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.
Tax
Stamp duty calculator
Indicative tax based on the asking price and the options you select.
Pricing
Price history
-3.5% since listed
£695,000£25,000(-3.5%)
16/09/2026£720,000Initial listing
04/06/2026Services
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