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Watery Lane, Mareham-le-Fen, Boston, Lincolnshire, PE22 - Image 1
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Watery Lane, Mareham-le-Fen, Boston, Lincolnshire, PE22 - Image 3
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Watery Lane, Mareham-le-Fen, Boston, Lincolnshire, PE22

East of England

£275,000

Listed on 25/06/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1332 sqft

Description

This three-bedroom detached bungalow, situated in the sought-after village of Mareham-Le-Fen, presents a unique and appealing opportunity for renovation enthusiasts. Nestled on a generous plot, the property ensures privacy while offering substantial potential for enhancement. The spacious lounge/diner features an L-shaped configuration that allows for versatile use, filled with natural light. A separate conservatory provides a delightful vantage point overlooking the garden, making it a wonderful space to unwind throughout the year. The breakfast kitchen is functional and could benefit from a modern update, complemented by a practical utility room. The accommodation includes three well-sized bedrooms along with a family bathroom and a separate W/C for added convenience. Outside, the property boasts a detached garage and ample driveway space for off-road parking. The rear garden, with its mature plantings, is an inviting retreat that enhances the overall appeal. While well maintained over time, this bungalow offers significant scope for modernisation, allowing new owners to personalize and revitalise the interior to suit contemporary tastes. Conveniently located near local amenities yet enjoying the tranquility of village life, this property is an excellent investment opportunity that warrants early viewing.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -4.1% below area average per sq ft

-4.1%
Potential saving
This Property
£206/sq ft
Area Average
£215/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
Target Value
£315,458
10% above area average per sq ft
Potential ROI
-1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
16
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE22)

Area prices are stable by -1.2% over the last 12 months
3 year growth: -8.2%
5 year growth: +9.6%
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

Watery Lane, Mareham-le-Fen, Boston, Lincolnshire, PE22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,039
Based on a loan of £206,250 over 30 years at 4.45% 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.

Stamp Duty Calculator

Price History

-21.4% since listed
£275,000£15,000(-5.2%)
30/03/2026
Current price
£290,000£10,000(-3.3%)
04/02/2026
£300,000£25,000(-7.7%)
25/07/2025
£325,000£25,000(-7.1%)
08/05/2025
£350,000Initial listing
02/04/2025

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