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Strait Bargate, Boston, Lincolnshire, PE21 6LW - Image 1
Strait Bargate, Boston, Lincolnshire, PE21 6LW - Image 2
Strait Bargate, Boston, Lincolnshire, PE21 6LW - Image 3

Strait Bargate, Boston, Lincolnshire, PE21 6LW

East of England

£150,000
Listed on 19/03/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Boston is an active market town that boasts a robust retail landscape with a catchment area of over 130,000 shoppers and a resident population of approximately 68,000. Conveniently positioned, it lies 115 miles north of London and offers easy access to surrounding cities such as Lincoln (35 miles southeast), Nottingham (40 miles east), and King’s Lynn (35 miles west). The property itself occupies the first and second floors of a prominent building in Boston's central retail district, where foot traffic is consistently high. The immediate area features well-known retailers including Caffè Nero, Next, New Look, and others, contributing to a vibrant commercial environment that enhances its appeal. Currently configured as a mix of spacious storage and ancillary areas, the upper floors present significant renovation potential. With ample square footage—1,535 sqft on the first floor and 999 sqft on the second—there is considerable flexibility in how the space could be utilized. A conversion into residential apartments or even co-living spaces would meet the growing demand for urban living within town centers, subject to obtaining the appropriate planning approvals. The building retains character features alongside high ceilings and plenty of natural light which further support creative redevelopment ideas. The prime location not only facilitates easy access to shops, cafés, and essential services but also ensures excellent transport links for future residents. This urban setting presents an attractive opportunity for professionals and commuters alike. Offering a freehold interest in this sought-after area allows investors to capitalize on Boston's dynamic market trends. The property is available on a leasehold basis with 999 years remaining, and there is potential for negotiation regarding planning offers. For those interested in exploring the possibilities this space holds, viewings can be arranged through the agent upon request.

Investment Analysis

(PE21 area)
Area Average
£187/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE21)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 6.8%
5 year growth: 23.0%
Investment Disclaimer: Analysis based on PE21 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

Strait Bargate, Boston, Lincolnshire, PE21 6LW
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 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