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Bolker Cottage

East of England

£225,000
Listed on 04/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

Bolker Cottage presents an exceptional opportunity for renovation and investment in a tranquil setting. Situated just off Thorney Dyke, north of the village of Thorney, this property combines rural character with modern accessibility. Thorney itself is steeped in history, dating back to its origins as a Saxon settlement in approximately 500 AD, and features notable landmarks such as the historic Thorney Abbey. This location offers both serenity and convenience, being approximately nine miles from Peterborough. The A47 nearby ensures efficient transport links to Peterborough and Wisbech, making it practical for commuters. Peterborough's extensive amenities include retail options at the Peterborough One Retail Park and various leisure facilities, along with direct train services to London King's Cross that can take as little as 47 minutes. The property holds detailed planning permission (REF22/00757/FUL) for the construction of a two-storey dwelling that will encompass 2,789 sq ft (259.1 m²) of living space. The approved plans detail a four-bedroom layout ideal for family living or future rental potential. With ground floor space measuring 138.8 m² and the first floor at 120.3 m², there is ample room for customization according to contemporary design standards. Currently connected to mains electricity and water, prospective buyers are encouraged to verify service availability and capacity as part of their development plans. Importantly, the vendor retains ownership of the existing entrance off Thorney Dyke, guaranteeing access rights while ensuring continued maintenance obligations for ease of access. Additionally, there is an option to rent extra land located west of the property through separate negotiations, which could further enhance the investment appeal by providing opportunities for expansion or outdoor use. Restrictions related to open fires during July and August will also be attached to the title, reflecting a commitment to maintaining local safety standards. This property represents not only a chance to create a desirable home but also a sound investment in a historical village setting with promising growth potential.

Investment Analysis

(PE6 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£253
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£250,000 - £400,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
35
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE6)

Area prices are falling by +2.4% over the last 12 months
3 year growth: 2.7%
5 year growth: 18.6%
Investment Disclaimer: Analysis based on PE6 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

Bolker Cottage
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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
£824
Based on a loan of £168,750 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