WORK on a £40 million renovation project at a historic hospital site in Lincolnshire is well underway as seven new build homes are released for sale.

The former St John’s hospital at Bracebridge Heath is currently being transformed by Mabec into 106 luxury homes and apartments – including 77 new build family homes.

Lincoln-based estate agency Pygott & Crone has been appointed to market the site, now known as St John’s Village, and senior partner Tim Downing has no doubt that this is the perfect time to buy.

He said: “The property market as a whole is waking up and the housing sector is no different. Prices have started to rise across the country, with the latest house price index figures showing a three per cent increase in Lincolnshire during the last quarter.

“This means that now is a great time for house hunters looking to buy – with prices set to keep rising, investing in property is an attractive proposition.

“Compared with the national average, prices in Lincolnshire are still relatively modest and buyers are able to get a great deal for their money.”

The initial seven homes form part of the first phase of development, which also includes 10 luxury apartments, and are due for completion in early autumn.

“We only released the properties this month (July) and have been overwhelmed by the levels of interest being show by house hunters in the area,” added Tim.

“The site is steeped in history and local people are absolutely delighted to see Mabec bringing what had become an unloved corner of Bracebridge Heath back to life.”

Prior to Mabec’s arrival on site, the Victorian hospital site had been vacant for some 24 years and was crying out for redevelopment according to director Mark Elliott.

“This is such an exciting development at a really interesting and historic site, just a stone’s throw from Lincoln. The former hospital building sits amid 18 acres of really interesting grounds, as well as boasting impressive architecture.

“The work we are doing involves a sympathetic refurbishment of the existing property and the construction of a number of beautifully styled homes, which will give people a unique and quirky place to call home.”

St John’s is a limestone faced Grade II listed building and was originally built in 1852. The regeneration element will offer 64 houses and 42 apartments, including some that will sit inside the shell of the former large theatre to the centre of the site.

For more information contact Jennie Holland, Annie Bowden or Isabel Dunmore at Cartwright Communications on 0115 853 2110.

Covered In,, Lincolnshire Echo (property echo) and online.

Mabec was formed to become a regional force in the residential development market. We have started the journey with a number of high profile acquisitions and are making good progress on several larger scale, often challenging, development sites.


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