The folk singer's new album Tales from the Barrel House was recorded entirely inside an old barrel house and is based on his own short stories.
"It represents old artisans of industry, blacksmiths and carpenters, and putting all these subjects into the location of this barrel house in Devon," he told BBC Breakfast.
"I tried to capture the ambience of that room on one mic, it was quite a challenge to record in a location like that.
"It's quite a left-field record."
Lakeman was nominated for the Mercury Prize in 2005 for his album Kitty Jay, but was eventually beaten by I Am a Bird Now from Antony and the Johnsons.
He added that he also had a unique recording process for that LP, saying that he did it all from his kitchen.
"I remember having to turn the fridge off, we couldn't do it at dinner time.
"That was an interesting one, we could just spend the money and go to a conventional recording studio."
Seth Lakeman also revealed plans to tour Australia next week and that he hopes to record with the BBC Concert Orchestra.
Tales from the Barrel House will be released in the UK on Monday, April 2.
Watch the video for Seth Lakeman's new single 'More Than Money' below: