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Alford Road, Bilsby, Alford

East Midlands

£325,000
Listed on 30/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1752 sqft

Description

This three-bedroom detached bungalow presents a significant opportunity for renovation or reconfiguration. Boasting full planning permission for an extensive redesign, it sits on a generous plot of 0.47 acres, offering additional investment potential with outline planning approval for an extra dwelling. The existing property is spacious, featuring a large dining and living area, a conservatory, a family bathroom with a separate WC, and a first-floor bedroom complete with a dressing room. It also includes practical amenities such as uPVC double glazing and gas central heating throughout. The layout allows for various upgrades; the expansive gardens benefit from mature trees and sweeping views over surrounding fields. Located conveniently at the village's edge, this property is within walking distance of Alford's market town and local amenities in Bilsby. The garage features an inspection pit alongside an additional workshop space, making this property versatile for both living and potential business use. This bungalow not only provides comfortable accommodation but also stands as a promising canvas for developers or families looking to create their perfect home in a desirable location.

Investment Analysis

(LN13 area)

Below Market Value

This property is priced -14.5% below area average per sq ft

-14.5%
Potential saving
This Property
£186/sq ft
Area Average
£217/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£418,010
10% above area average per sq ft
Potential ROI
+11.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
7
Average per month
Market Turnover
43%
Properties sold annually

Local Market Trend (LN13)

Area prices are stable by +1.0% over the last 12 months
3 year growth: -3.3%
5 year growth: +8.3%
Investment Disclaimer: Analysis based on LN13 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

Alford Road, Bilsby, Alford
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£1,172
Based on a loan of £243,750 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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