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Little Casterton

East of England

£270,000
Listed on 17/09/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1184 sqft

Description

This end-of-terrace stone cottage presents a compelling renovation opportunity for those looking to invest in a property with significant potential. Nestled on a generous plot in the quaint village of Little Casterton, just two miles north of Stamford, this home combines a rural setting with proximity to urban amenities. The structure requires complete modernisation, allowing you to tailor the interiors to your preferences. The existing layout includes a small reception hall that leads to a living room featuring an open fire—a charming focal point that can be restored or enhanced. Adjacent, the kitchen offers ample space for reconfiguration, while the single-storey extension at the rear houses a bathroom and lobby area. Upstairs, the property boasts three bedrooms, each with unique dimensions that can be transformed into comfortable living spaces. Notable improvements have already been made, such as some replaced windows and the presence of electric storage heaters. Outside, you'll find a spacious driveway leading to a detached double garage equipped with power and water connections—ideal for storage or potential conversion into additional living space. The expansive garden behind the cottage backs onto open land, providing both privacy and possibilities for landscaping or future development. This property is Grade II Listed and situated within a conservation area, which adds historical significance but also means any renovation plans will need to consider preservation guidelines. Additionally, there is pedestrian right of way across the rear from the neighbouring property. With mains sewerage, water, and electricity already connected, this cottage forms an excellent foundation for your vision of a revitalised home in an attractive locale. The availability of superfast broadband and good mobile coverage enhances its appeal for modern living or rental prospects. Whether you're keen on restoring it to its former glory or reinventing it entirely, this residence holds considerable investment potential in an up-and-coming area.

Investment Analysis

(PE9 area)

Below Market Value

This property is priced -32.7% below area average per sq ft

-32.7%
Potential saving
This Property
£228/sq ft
Area Average
£339/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.6%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£440,993
10% above area average per sq ft
Potential ROI
+22.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -4.6%
5 year growth: 10.4%
Investment Disclaimer: Analysis based on PE9 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

Little Casterton
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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
£989
Based on a loan of £202,500 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