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Boston Road, Wainfleet St. Mary, Skegness

East Midlands

£275,000
Listed on 19/06/2025

Property Details

Bedrooms
3
Type
Detached house
Area
721 sqft

Description

This traditional detached family home is set within mature gardens on a spacious 0.25-acre plot, presenting an appealing opportunity for renovation and investment. Located on the outskirts of the popular market town of Wainfleet, this property combines a tranquil countryside setting with convenient access to local amenities, making it an attractive option for those seeking both space and accessibility. The house features three bedrooms and two reception rooms, providing a solid foundation for a family-oriented lifestyle or potential rental income. While the property would benefit from some updating, many essential features are already in place, including uPVC windows and doors, oil-fired central heating, and a practical layout that enhances functionality. The ground floor comprises a welcoming entrance hall leading to a cozy lounge with bay windows that fill the space with natural light. The separate dining room also boasts ample light through its own bay window, presenting opportunities for entertaining or family gatherings. The kitchen is equipped with base units and includes a breakfast bar, allowing for casual dining. A rear porch connects to the conservatory, which offers additional living space with views of the garden. Upstairs, you'll find three well-proportioned bedrooms, each benefiting from built-in wardrobes and abundant light. The layout also includes a bathroom fitted with both a bath and shower as well as a separate WC—facilitating ease of use for families. Outside, the property showcases an expansive driveway leading to a garage, along with landscaped gardens that include various fruit trees and vegetable patches. The outdoor space presents possibilities for further enhancement or landscaping projects. This residence not only offers immediate living comfort but also holds significant potential for future improvements or resale value. With no onward chain and vacant possession upon completion, interested buyers have the flexibility to plan renovations according to their preferences. The property's location benefits from connections to main services while maintaining an inviting rural atmosphere—making it ideal for long-term investment or creating your dream home.

Investment Analysis

(PE24 area)

Above Market Value

This property is priced +60.6% above area average per sq ft

+60.6%
This Property
£381/sq ft
Area Average
£237/sq ft

Renovation Potential

Est. Renovation Cost
£27,500 - £68,750
10-25% of property value
Target Value
£188,322
10% above area average per sq ft
Potential ROI
-45.2%
After renovation
Monthly Sales
11
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +8.7% over the last 12 months
3 year growth: -3.3%
5 year growth: 37.7%
Investment Disclaimer: Analysis based on PE24 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Boston Road, Wainfleet St. Mary, Skegness
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