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16 Broadfield Lane, Boston, Lincolnshire PE21 8DR - Image 1
16 Broadfield Lane, Boston, Lincolnshire PE21 8DR - Image 2
16 Broadfield Lane, Boston, Lincolnshire PE21 8DR - Image 3

16 Broadfield Lane, Boston, Lincolnshire PE21 8DR

East of England

£36,000
Listed on 03/11/2025

Property Details

Bedrooms
1
Type
Flat
Area
366 sqft

Description

This first-floor one-bedroom flat, situated in a purpose-built block, presents a substantial opportunity for renovation and investment. While the property currently requires improvements throughout, its layout consists of a hallway that leads into a spacious lounge, kitchen, bedroom, and bathroom. The potential to transform this space into a modern living area makes it an appealing project for those looking to invest or create a personalized home. Located in Boston, the flat benefits from a variety of local amenities and excellent transport links, including a mainline rail service that connects to larger cities. This accessibility enhances the property's appeal to potential renters or future buyers seeking convenience in their daily commutes. The leasehold details include 89 years remaining on the term established in June 1989, with an annual ground rent of £10. Additionally, further information regarding service charges and reviews can be found within the legal pack. As you consider this property’s renovation potential, it's worth noting that the council tax band is A. For those interested in taking on a renovation project in a location with growth potential, this flat offers an exciting opportunity to add value and create a desirable living space.

Investment Analysis

(PE21 area)

Below Market Value

This property is priced -47.4% below area average per sq ft

-47.4%
Potential saving
This Property
£98/sq ft
Area Average
£187/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.9%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£75,286
10% above area average per sq ft
Potential ROI
+23.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
12%
Properties sold annually

Local Market Trend (PE21)

Area prices are rising by +3.6% over the last 12 months
3 year growth: 6.8%
5 year growth: 23.0%
Investment Disclaimer: Analysis based on PE21 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

16 Broadfield Lane, Boston, Lincolnshire PE21 8DR
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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
£132
Based on a loan of £27,000 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