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Reform Street, Crowland

East of England

£155,000
Listed on 08/06/2024

Property Details

Bedrooms
2
Type
Semi-detached house
Area
797 sqft

Description

Nestled in the vibrant market town of Crowland, this two-storey end-of-terrace home presents a valuable opportunity for renovation enthusiasts and investors alike. Spanning 53 square meters, the property features a well-thought-out layout that connects its living areas seamlessly. Upon entry, you're welcomed into a combined lounge and dining space, where a traditional fireplace adds warmth and character to the atmosphere. The cottage-style kitchen leads into an inner hallway, offering access to a charming bathroom equipped with a three-piece suite. Upstairs, discover a master bedroom designed for relaxation along with an additional versatile bedroom that could serve as an office, gym, or reading space. This property is fitted with gas combi central heating and uPVC double glazing, ensuring comfort throughout the year. The enclosed rear garden and patio area provide a private outdoor retreat perfect for personalisation. While the home requires some modernisation to meet contemporary standards, its inherent charm offers great potential for transformation into a dream residence or rental investment. This property represents an excellent opportunity for first-time buyers or investors seeking a project in a desirable location.

Investment Analysis

(PE6 area)

Below Market Value

This property is priced -29.9% below area average per sq ft

-29.9%
Potential saving
This Property
£194/sq ft
Area Average
£278/sq ft
Avg Rent (weekly)
£256
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£243,372
10% above area average per sq ft
Potential ROI
+35.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PE6)

Area prices are falling by -3.5% over the last 12 months
3 year growth: +1.7%
5 year growth: +16.3%
Investment Disclaimer: Analysis based on PE6 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

Reform Street, Crowland
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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
£559
Based on a loan of £116,250 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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