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See how verdicts work5-bedroom detached house · PE23 5LZ
For saleReduced £100k (−12.6%) on 26 OctListed 509 days
Opportunity summary
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About
The Old Mill House is an attractive Grade II-listed period family home set in the heart of the tranquil village of Hundleby.
Believed to date from the early 17th century, this unique property has been thoughtfully arranged and maintained to an exceptional standard throughout.
It retains many period details – from exposed beams and original brickwork to elegant sash windows.
The spacious and flexible layout includes four generously sized bedrooms and a range of inviting, character-filled living spaces.
A true highlight is the secluded, landscaped garden that features the most glorious flowering plants, trees, shrubs and hedges: a peaceful haven for relaxing, outdoor dining and social gatherings.
Beyond the main house, a range of impressive outbuildings – including a garage/workshop, stable, sauna, and a self-contained annexe – offer significant scope for further development.
Whether you're seeking space for a granny annexe, holiday let or simply room to grow, this property offers fantastic versatility.
Located just a mile from the bustling market town of Spilsby, The Old Mill House enjoys the rare combination of village serenity and convenient access to shops, schools, and amenities.
This is a truly special home offering the best of all worlds. Seller insight “We believe the house dates back over 400 years and it is something of a historic landmark within the village.
It’s been lovingly maintained and sensitively updated over the years, preserving all the original charm and character but with contemporary features and touches.” “The house has some lovely period details, such as the elegant sash windows and exposed beams, which add character throughout.
The cellar, once fully functional, hints at the property's fascinating past – there was even a windmill in the garden at one time.
The stable also has delightful original touches.” “It’s an unusually spacious house for a property of its age. The layout would work beautifully for family life, with excellent storage throughout.
We installed a new kitchen about 18 months ago, but there’s still plenty of scope for the new owners to personalise the space and make it their own.” “The coach house annexe in particular has so much potential – whether as accommodation for older children, extended family, or even as a holiday let or Airbnb, subject to the relevant permissions.” “The garden really is the jewel of the property.
It’s peaceful, private, and full of character. We’ve spent a lot of time nurturing it back to life.
There are so many interesting mature trees, flowering shrubs, and perennial plants in the garden, including a beautiful rhododendron and a historic magnolia tree that we have photos of dating back to the 1800s.” “The swim spa is fantastic.
It’s tucked away on a private, decked area screened by hedging. The sauna is a real treat too – ideal for relaxing at the end of a long day.” “It’s a quintessential English country garden.
The garden is completely private and arranged across three distinct areas: a sweeping lawn beside the house, a woodland section beyond, and an additional garden space that could easily become a productive vegetable patch or house a greenhouse.” “The location couldn’t be better.
We’re keen walkers, and the countryside here is stunning. You can step out of the front door and immediately be on scenic trails through the Lincolnshire Wolds.
In the other direction, you have the town of Spilsby, which has everything you could want in terms of amenities – from independent shops to supermarkets.” “Some of the best-kept secrets around here are the nearby beaches.
Mablethorpe, Sutton-on-Sea, and Anderby Creek are all a short drive away – and they’re stunning, often beautifully quiet, and totally unspoiled.” “There are some great attractions in the local area.
Gunby Hall and Gardens, which is owned by the National Trust, is just down the road.
Meanwhile, the Lincolnshire Aviation Heritage Centre at East Kirkby is home to numerous interesting exhibits, as well as a Lancaster and a Mosquito aircraft.
Larger towns like Boston and Lincoln are within easy reach by road too.” Location Hundleby is a tranquil village nestled in the heart of the Lincolnshire Wolds, a designated Area of Outstanding Natural Beauty.
Steeped in charm, the village is home to the Grade II-listed St Mary’s Church, a village hall hosting regular events, and a tennis club.
Despite its tranquil setting, Hundleby is within walking distance (1 mile) of the historic market town of Spilsby, offering a range of amenities, including schools, supermarkets, a medical centre, a pharmacy, independent shops and a weekly farmers’ market.
Nearby Horncastle, famed for its antique shops, is another popular place to visit. Outdoor enthusiasts will find endless opportunities for walking, cycling, and exploring the local area.
The unspoilt Lincolnshire coastline – with spectacular beaches and seaside towns like Sutton-on-Sea (15 miles) – is just a 25-minute drive away.
Further afield, the larger towns of Boston (17.3 miles) and Lincoln (31.6 miles) offer a wealth of attractions.
Lincoln is renowned for its stunning cathedral, historic castle, cobbled streets, vibrant cultural scene, and independent shops. Schools The area is blessed with superb state schools.
Local primary schools include Halton Holegate Church of England Primary School in Spilsby and Partney Church of England Aided Primary School, both rated ‘Good’ by Ofsted and located around two miles from Hundleby.
Secondary school options include the King Edward VI Academy in Spilsby (0.9 miles) and Queen Elizabeth’s Grammar School in Alford (8.2 miles), both of which are rated Good by Ofsted.
Further options include Queen Elizabeth’s Grammar School and Banovallum School in Horncastle (9.1 miles) and Skegness Grammar School (12.5 miles) – which are all rated ‘Good’ by Ofsted.
For independent education, there are highly regarded schools in Stamford and Lincoln.
Services: Mains water, electricity and drainage; gas central heating Local Authority: East Lindsey District Council Council Tax Band: F EPC: D Tenure: Freehold
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
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Area
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FAQ
About Main Road, Hundleby, Spilsby, Lincolnshire, PE23
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