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Vicarage Lane, Wainfleet St. Mary, PE24. - Image 1
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Vicarage Lane, Wainfleet St. Mary, PE24.

East of England

£200,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow presents a valuable opportunity for renovation and personalized updates. Currently offered with no onward chain, the property is nestled in a location known for its historical charm, providing a canvas for new owners to implement their vision. Upon entering, you are welcomed into a spacious L-shaped hallway that connects to all the principal rooms of the home. The high ceilings (2.57m) enhance the sense of space, while the absence of carpets allows for easy planning of new flooring options throughout. The lounge, measuring 3.64m by 3.95m, features an open fireplace centered within the room and overlooks the front garden through a double-glazed window. This space can be transformed into a cozy gathering area with some thoughtful renovations. The first bedroom offers ample potential as a spacious double room, while the second bedroom could serve as a comfortable double or versatile guest room. The third bedroom is slightly smaller but could function well as an office or craft space, ideal for those needing to work from home or pursue hobbies. The bathroom layout includes essential fixtures such as a bath with shower setup and tiled walls; however, it would benefit from modern updates to create a more contemporary feel. Adjacent to the dining room is the kitchen, which currently incorporates dark laminate base units and offers sufficient space for basic appliances. The small conservatory at the back serves as a utility area and provides access to the rear garden. Outside, this bungalow sits on a generously sized plot characterized by lawned areas at both front and back, affording plenty of scope for landscaping or further development. A long driveway accommodates multiple vehicles and leads to an oversized detached garage equipped with power supply—an asset for project enthusiasts or additional storage needs. Situated in Wainfleet—a town rich in history known for landmarks like Batemans Brewery and historical architecture—the property benefits from local amenities while also retaining its connection to local culture. With its proximity to transport links and unique attractions, this bungalow represents not just a home but also an investment opportunity ripe for modernization in an engaging community setting.

Investment Analysis

(PE24 area)
Area Average
£228/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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
9%
Properties sold annually

Local Market Trend (PE24)

Area prices are rising by +7.7% over the last 12 months
3 year growth: -1.1%
5 year growth: 35.2%
Investment Disclaimer: Analysis based on PE24 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

Vicarage Lane, Wainfleet St. Mary, PE24.
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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
£733
Based on a loan of £150,000 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