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Mill House, Old Wood, Skellingthorpe, Lincoln, LN6

East Midlands

£700,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Detached
Area
3690 sqft

Description

This three-bedroom residence presents an exceptional opportunity for modernization or potential redevelopment, subject to necessary permissions. Nestled within expansive gardens in a serene woodland environment, the property boasts over 2,200 sq ft of versatile living space spread across two levels. Character features such as exposed timber beams enhance its appeal. The main reception area is a spacious sitting room with wooden flooring and a charming stone fireplace, leading to a stunning conservatory that offers panoramic views of the lush gardens. A practical ground-floor study and a well-sized utility room complement the open-plan kitchen and dining area, ideal for entertaining. Upstairs, the galleried landing services three double bedrooms, including a principal suite with substantial built-in wardrobes. The first floor also contains a bathroom equipped with both a bathtub and separate shower. The property's setting on a quiet lane through mature woodland affords it privacy and tranquility. The in/out driveway provides ample parking space alongside a detached garage and carport. Lush gardens feature rolling lawns, meadows, wooded areas, and even a pond attracting local wildlife. Located approximately five miles from Lincoln city center in Skellingthorpe, the village offers essential amenities such as shops and schools while being close to major transport links to London.

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Investment analysis

(LN6 area)

Below Market Value

This property is priced -22.3% below area average per sq ft

-22.3%
Potential saving
This Property
£190/sq ft
Area Average
£244/sq ft
Avg Rent (weekly)
£251
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£991,005
10% above area average per sq ft
Potential ROI
+23.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
63
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (LN6)

Area prices are stable by -1.3% over the last 12 months
3 year growth: +0.6%
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

Mill House, Old Wood, Skellingthorpe, Lincoln, LN6
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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
£2,645
Based on a loan of £525,000 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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