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Chapel Road, Old Leake, Boston, PE22 - Image 1
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Chapel Road, Old Leake, Boston, PE22

East of England

£65,000
Listed on 21/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
525 sqft

Description

This detached bungalow, characterized by its non-standard construction, is situated on a corner plot in a semi-rural village setting. It presents a unique opportunity for cash buyers looking to invest in renovation or redevelopment (subject to planning permission). The property features an entrance hall leading into a spacious lounge with dual aspect windows and an open fireplace, providing potential for modern upgrades. The kitchen, although functional, could benefit from contemporary enhancements to maximize its utility. Two bedrooms include a main suite with an en-suite shower room, while the second bedroom offers built-in storage. Externally, the property boasts a driveway leading to a single garage and gardens that wrap around the home. With no onward chain, this property invites creative vision to transform it into a desirable residence or investment asset.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -44.6% below area average per sq ft

-44.6%
Potential saving
This Property
£124/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£129,042
10% above area average per sq ft
Potential ROI
+22.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +6.0% over the last 12 months
3 year growth: -2.5%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on PE22 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.

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Location

Chapel Road, Old Leake, Boston, PE22
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