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97 and 99, London Road, Kirton, PE20 1JH

East of England

£375,000
Listed on 31/10/2022

Property Details

Bedrooms
8
Type
Detached
Area
1221 sqft

Description

Situated in the desirable village of Kirton, this unique offering comprises two detached properties on London Road, both of which present significant renovation prospects. The first property, a four-bedroom bungalow, requires a comprehensive update, including the kitchen and family bathroom, as well as landscaping of the overgrown gardens. The spacious lounge and ancillary rooms provide a solid foundation for modernisation. The second property is a former two-apartment house with four bedrooms. Its configuration allows for creative redesign after renovation, making it ideal for family living or rental potential. While this home includes essential features like basic kitchen fittings and ample reception space, it also demands an overhaul to realise its full potential. The total site area spans approximately 0.19 hectares with additional land that enhances the property's appeal. With council tax rated Band C and varying EPC ratings (F for the bungalow and E for the house), these properties will benefit from energy improvements post-renovation. This investment opportunity beckons buyers looking to restore and enhance value in a growing community.

Investment Analysis

(PE20 area)

Above Market Value

This property is priced +41.2% above area average per sq ft

+41.2%
This Property
£307/sq ft
Area Average
£218/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£292,191
10% above area average per sq ft
Potential ROI
-41.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
25%
Properties sold annually

Local Market Trend (PE20)

Area prices are stable by +1.6% over the last 12 months
3 year growth: -3.3%
5 year growth: +25.3%
Investment Disclaimer: Analysis based on PE20 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

97 and 99, London Road, Kirton, PE20 1JH
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,352
Based on a loan of £281,250 over 30 years at 4.06% 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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