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Boston Road, Spilsby, PE23

East of England

£235,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1302 sqft

Description

This detached bungalow is situated on a spacious corner plot in a convenient location on the outskirts of town, providing easy access to the A16. With no onward chain, this property offers significant opportunities for those looking to modernize and personalize their living space. The internal layout comprises a porch, entrance hall, lounge, dining room, kitchen, three bedrooms, a bathroom, and a separate WC – all of which can benefit from updating to meet contemporary standards. Externally, the property features a generous front garden, off-road parking via a driveway leading to a garage, and an enclosed rear garden that holds great potential for landscaping or outdoor improvements. This is an excellent prospect for buyers wanting to invest in a property that they can transform into their ideal home.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -18.5% below area average per sq ft

-18.5%
Potential saving
This Property
£180/sq ft
Area Average
£221/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£317,089
10% above area average per sq ft
Potential ROI
+15.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -8.2%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on PE23 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

Boston Road, Spilsby, PE23
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£848
Based on a loan of £176,250 over 30 years at 4.06% 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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