Auction

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Auction

1/19

Character property for sale Mill Lane, Addlethorpe, PE24

Guide Price

£185,000

Added on 16/09/2026

For sale by auction

Type: Character property
Bedrooms: Studio
Bathrooms: 0
Size: £72 per sq ft
Tenure: Freehold

Key features

Grade II listed Mill, including a range of commercial buildings
Offered with vacant possession
Previously operated as a country store with a manufacturing area
Located close to Skegness, Ingoldmells & Chapel St Leonards

About this property

A unique opportunity to acquire this commercial premises which consists of warehouses, stores, office, shop/retail space, parking/yard area and the Mill. Historically, the property ran as a country store, with its own manufacturing area producing their own feeds. More recently the buildings have been utilised as storage for the owner's business.

Floorplan

Council tax

Ask agent

Per year

Band A

£1,517
Band B

£1,770
Band C

£2,023
Band D

£2,276
Band E

£2,782
Band F

£3,287
Band G

£3,793
Band H

£4,552

The agent hasn't said which band this home is in; you can look it up on GOV.UK. In East Lindsey, 2026/27 bills run from £1,517 a year in band A to £4,552 in band H.

Figures from MHCLG (Open Government Licence v3): the average bill for each band across East Lindsey, including the typical parish precept, so a parish's own bill can differ a little. Discounts lower the bill, such as 25% off for an adult living alone.

Price guide

This home

£72 / sq ft

Area average (sold)

£234 / sq ft

Price per area, sold homes nearby

£146 / sq ft

£72 / sq ft

£313 / sq ft

Lowest

This home

Highest

£72 per sq ft, below almost all recent sales in PE24 (£146–£313, 10th–90th percentile, 242 sales over 24 months).

Lowest and highest are the 10th and 90th percentiles of 242 homes sold in PE24 over the last 24 months. This home's figure uses its asking price. All sold £/sq ft in PE24 →

Location

Mill Lane, Addlethorpe, PE24

Open map Street View

Mortgage and stamp duty

Property price £185,000

£92k £278k

Deposit10% £19,000

£0 £185k

Interest rate 4.5%

0.5% 15%

Repayment period 25 years

5 years 40 years

A £166,000 mortgage. Most lenders would want a household income of about £37,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Properties sold nearby

HM Land Registry sales nearby. Floor areas from Energy Performance Certificates where matched.

Address	Type	Sold	Size	Size	£/sq ft	Price
Mill Cottage, Mill Lane Detached	Detached	Aug 2024	n/a	n/a	n/a	£194,500
Mill House, Mill Lane Detached	Detached	Oct 2019	n/a	n/a	n/a	£203,158
Beverley Lodge, Mill Lane Detached	Detached	Dec 2013	n/a	n/a	n/a	£225,000
Marhof, Mill Lane Detached	Detached	Apr 2012	n/a	n/a	n/a	£156,000
Millstead, Mill Lane Detached	Detached	Jul 2005	n/a	n/a	n/a	£165,000
The Willows, Mill Lane Detached	Detached	Aug 2002	n/a	n/a	n/a	£80,000
Millcroft, Mill Lane Detached	Detached	Nov 1999	n/a	n/a	n/a	£100,000
Valetta Farm Cottage, Mill Lane Detached	Detached	Oct 1998	n/a	n/a	n/a	£59,000