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4 Union Place, Boston PE21 6PS - Image 1
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4 Union Place, Boston PE21 6PS

East Midlands

£200,000
Listed on 31/07/2025

Property Details

Bedrooms
5
Type
Semi-detached house
Area
2777 sqft

Description

This Grade II listed five-bedroom semi-detached house, dating back to the 1800s, presents a valuable opportunity for renovation and investment. Situated in the heart of Boston, the property combines historical charm with significant potential for modern updates. The house features a spacious layout with four versatile reception rooms, which can be adapted to suit various needs, whether for family living or as part of a rental strategy. The kitchen is functional but could benefit from modernization to enhance its usability. With a ground floor shower room and ample additional bathroom facilities on the first floor, this property is well-equipped to accommodate larger households or multiple tenants. The upstairs layout includes a master bedroom with an ensuite bathroom and four additional bedrooms that can easily serve as comfortable sleeping quarters or as separate study spaces. Given the size and configuration of the property, it offers excellent prospects for conversion into a House in Multiple Occupation (HMO), subject to necessary licensing. Outside, the property is complemented by off-road parking and a double garage at the rear, providing essential convenience in this bustling town center location. Boston itself boasts a variety of shops and local amenities, making it an attractive place for residents, while also benefiting from good transport links. With its period features and prime location, this property not only represents a chance to preserve a piece of history but also an opportunity for savvy investors or homeowners willing to invest in upgrades that can significantly increase its value over time.

Investment Analysis

(PE21 area)

Below Market Value

This property is priced -61.2% below area average per sq ft

-61.2%
Potential saving
This Property
£72/sq ft
Area Average
£186/sq ft
Avg Rent (weekly)
£179
Avg Yield
4.8%

Renovation Potential

Est. Renovation Cost
£20,000 - £50,000
10-25% of property value
Target Value
£566,800
10% above area average per sq ft
Potential ROI
+126.7%
After renovation
Monthly Sales
35
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PE21)

Area prices are stable by +0.6% over the last 12 months
3 year growth: 3.1%
5 year growth: 19.6%
Investment Disclaimer: Analysis based on PE21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

4 Union Place, Boston PE21 6PS
Map showing location of 4 Union Place, Boston PE21 6PS
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