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Main Road, Algarkirk, Boston

East of England

£325,000
Listed on 31/12/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This expansive brownfield site, measuring 3/4 of an acre, presents a rare opportunity for both commercial and residential development. The property features a former cafe and restaurant alongside a five-bedroom house, making it ideal for various business ventures or redevelopment projects, subject to planning permissions. Located prominently on the A17 main road, it benefits from excellent visibility and accessibility, drawing in traffic while offering picturesque countryside views at the rear. The ground floor accommodates a sizable cafe and restaurant area complete with two bars, a kitchen, multiple storage rooms, office space, and restroom facilities. Above, the two-storey residence boasts five bedrooms (or four bedrooms with an additional lounge), along with a bathroom — all situated in an appealing setting that could be transformed to meet modern standards. The extensive car park enhances its appeal for potential businesses or as a communal space for future residents. With mains electricity and water already connected and an oil-fired boiler in place, the groundwork is laid for a variety of redevelopment opportunities. A property like this offers significant potential: whether revitalizing the existing structure into a bustling restaurant or bar, converting it into retail units that capitalize on its roadside positioning, or even transforming the site into new residential homes. The scope of creativity is vast here; investors will find ample room to envision their projects underpinned by first-class exposure along this busy route.

Investment Analysis

(PE20 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
10
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PE20)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -0.6%
5 year growth: 26.7%
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

Main Road, Algarkirk, Boston
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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
£1,191
Based on a loan of £243,750 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