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Church Road, Old Leake, PE22 - Image 1
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Church Road, Old Leake, PE22

East of England

£150,000
Listed on 08/10/2024

Property Details

Bedrooms
N/A
Type
Plot

Description

This corner plot presents a notable investment opportunity with outline planning permission granted for the development of four residential properties. Situated centrally on Church Road, extending onto Lychgate View, there is generous space available which can accommodate gardens and parking provisions, all conveniently located within walking distance to local amenities including shops and schools. Old Leake offers a charming village atmosphere with valuable facilities such as a doctor's surgery, a Co-op Food Store, and both primary and secondary educational institutions. The area also boasts local pubs adding to the community feel. For prospective developers or investors, detailed planning documentation is accessible via the Boston Borough Council's 'planning and building control' portal under reference B/24/0052. Additionally, it is noted that the vendor will retain a vehicular right-of-way for access to adjacent land, enhancing the practicalities for any future projects. It should be observed that while measurements are approximate and not verified by agents, they provide a rough guide to potential layouts.

Investment Analysis

(PE22 area)
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£150,000 - £250,000
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
15%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +14.4%
Investment Disclaimer: Analysis based on PE22 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

Church Road, Old Leake, PE22
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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
£541
Based on a loan of £112,500 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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