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Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 1
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 2
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 3
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 4
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 5
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 6
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 7
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 8
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 9
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 10
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 11
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 12
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 13
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 14
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 15
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 16
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 17
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 18
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 19
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 20
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 21
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 22
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 23
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 24
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 25
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 26
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 27
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 28
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 29
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 30
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 31
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 32
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 33
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 34
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 35
Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4 - Image 36

Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4

East Midlands

£440,000

Listed on 01/06/2026

Property Details

Bedrooms
5
Type
Cottage
Area
2324 sqft

Description

Located on the outskirts of Washingborough, Carnation Cottage presents a unique opportunity for those seeking a substantial five-bedroom residence with significant renovation potential. This expansive 2,324-square-foot home showcases an intriguing blend of 18th-century character and the adaptability required for modern family living. Notably, the property includes an integral annex that enhances possibilities for multi-generational living or rental income potential, offering privacy alongside shared spaces. The interior is rich in rustic features, including exposed timber beams and brickwork that provide a warm atmosphere. The solid-oak farmhouse kitchen serves as a central hub for family gatherings and culinary endeavors, complete with a Rangemaster stove and ample workspace. For those needing to work from home, there’s a dedicated office with garden views, while leisure options include a snug for cozy evenings. The property boasts nearly half an acre of grounds, which are ripe for landscaping improvements or expansion into more functional outdoor spaces such as vegetable gardens or play areas. A large conservatory seamlessly connects indoor living with the outdoor retreat suitable for relaxation or entertaining. In terms of location, this home enjoys immediate access to walking paths along the River Witham and is conveniently located just one mile from essential amenities like shops and highly-rated schools in nearby villages. The property also benefits from excellent transport links to Lincoln city centre, enhancing its appeal as both a family home and investment opportunity. Parking is generously accommodated by a gated driveway leading to a timber double garage, providing versatility for storage or further development options. The ancillary buildings on site present additional opportunities for conversion into usable spaces—subject to planning approval—which could add further value to this promising property.

Investment Analysis

(LN4 area)

Below Market Value

This property is priced -21.5% below area average per sq ft

-21.5%
Potential saving
This Property
£189/sq ft
Area Average
£241/sq ft
Avg Rent (weekly)
£220
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£616,476
10% above area average per sq ft
Potential ROI
+18.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
38
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (LN4)

Area prices are stable by +1.4% over the last 12 months
3 year growth: -0.9%
5 year growth: +6.7%
Investment Disclaimer: Analysis based on LN4 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

Carnation Cottage With Integral Annex, Five Mile Lane, Washingborough, Lincoln LN4
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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
£1,662
Based on a loan of £330,000 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.

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