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Mill Way, Fulstow LN11

East Midlands

£525,000

Listed on 10/06/2026

Property Details

Bedrooms
4
Type
Detached
Area
1958 sqft

Description

This four-bedroom family residence offers a unique chance for investors and renovators alike, nestled within approximately 3.5 acres of land, complete with a sizable agricultural barn and an old mill at the rear. Situated just outside the desirable village of Fulstow, the property boasts excellent transport connections to both Louth and Grimsby. Inside, the home features three spacious reception rooms, including a notable games room, alongside four bedrooms and a bathroom on the upper level. The characterful property, which dates back to the Victorian era, requires some modernisation yet presents remarkable potential for reimagining into a dream family home or even as a small business venture. The versatile grounds allow for equestrian pursuits or leisure activities (subject to planning permissions). The well-maintained gardens enhance the appeal with stunning views of the Lincolnshire Wolds at the front and coastal vistas at the rear. Renovation possibilities abound especially with the games room, which could be converted into an annexe if required. With ample outdoor space and outbuildings ready for development, this property stands as a canvas for creative visionaries looking to invest in this rural setting.

Investment Analysis

(LN11 area)

Above Market Value

This property is priced +21.2% above area average per sq ft

+21.2%
This Property
£268/sq ft
Area Average
£221/sq ft
Avg Rent (weekly)
£174
Avg Yield
3.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£476,636
10% above area average per sq ft
Potential ROI
-21.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
28
Average per month
Market Turnover
5%
Properties sold annually

Local Market Trend (LN11)

Area prices are falling by -3.8% over the last 12 months
3 year growth: -4.3%
5 year growth: +7.0%
Investment Disclaimer: Analysis based on LN11 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 Way, Fulstow LN11
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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
£1,983
Based on a loan of £393,750 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

Price History

-12.5% since listed
£525,000£25,000(-4.5%)
09/06/2026
Current price
£550,000£30,000(-5.2%)
18/04/2025
£580,000£20,000(-3.3%)
19/02/2025
£600,000Initial listing
19/01/2025

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