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Stone Close, Bourne, PE10

East of England

£290,000
Listed on 17/05/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1354 sqft

Description

This four-bedroom detached property is situated in a tranquil cul-de-sac, conveniently located near the town center of Bourne. While the home is currently in good condition, it presents a prime opportunity for renovation and personal customization, making it an appealing option for those looking to invest in property that can be enhanced over time. The layout offers generous living space, featuring two reception rooms along with a well-equipped kitchen. The main accommodation includes a welcoming porch, hallway, cloakroom, and a spacious lounge with wood laminate flooring that enhances its brightness. The separate dining room creates an inviting area for family gatherings, while the kitchen is fitted with base and eye-level units, solid wood work surfaces, and tiled splashbacks—perfect for those who may wish to update or redesign this area to suit their tastes. The property consists of four bedrooms in total, with the master bedroom benefiting from its own en-suite bathroom. This layout is particularly suited for families or those looking for extra space. Additional amenities include a family bathroom and utility room that add to the home's functionality. Externally, the property features off-street parking along with a detached double garage. The enclosed garden at the rear offers privacy and potential for landscaping or outdoor enhancements—an ideal setting for families or gardening enthusiasts. Given its favorable location close to public transport links, schools, local shops, and parks, this home offers significant investment potential. While it meets current living standards, it requires some updating. Hence, new owners have the flexibility to renovate according to their preferences and make improvements that could increase overall value. With an Energy Performance Certificate (EPC) rating of 'D' and falling into council tax band 'D', this property stands as an excellent opportunity for buyers interested in creating a personalized family residence in a desirable neighborhood. Viewing is highly recommended to fully appreciate both the existing features and future possibilities this home has to offer.

Investment Analysis

(PE10 area)

Below Market Value

This property is priced -15.0% below area average per sq ft

-15.0%
Potential saving
This Property
£214/sq ft
Area Average
£252/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £40,000
Target Value
£375,329
10% above area average per sq ft
Potential ROI
+13.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE10)

Area prices are rising by +2.1% over the last 12 months
3 year growth: 1.5%
5 year growth: 15.6%
Investment Disclaimer: Analysis based on PE10 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

Stone Close, Bourne, PE10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,062
Based on a loan of £217,500 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