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Freshney Way, Boston, PE21 - Image 1
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Freshney Way, Boston, PE21

East of England

£120,000
Listed on 11/11/2023

Property Details

Bedrooms
N/A
Type
Detached house

Description

This building plot offers an excellent opportunity for development, boasting full planning permission (Application ref B/20/0439) for a three-bedroom detached chalet bungalow with an integral garage. Situated in a well-established residential area off Sleaford Road, the plot measures approximately 56 feet in width and extends 100 feet deep, providing ample space for construction. All essential mains services are readily available, facilitating a smoother development process. This is a unique chance to invest in a prime location with the potential to create a desirable family home.

Investment Analysis

(PE21 area)
Area Average
£187/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE21)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 6.8%
5 year growth: 23.0%
Investment Disclaimer: Analysis based on PE21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. Any renovation cost estimates provided are AI-generated and should be considered indicative only. 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

Freshney Way, Boston, PE21
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£440
Based on a loan of £90,000 over 30 years at 4.19% interest

These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE