Worst House on the Street Logo
Wranglesleake, Wainfleet Road, Old Leake, Boston PE22 9HU - Image 1
Wranglesleake, Wainfleet Road, Old Leake, Boston PE22 9HU - Image 2
Wranglesleake, Wainfleet Road, Old Leake, Boston PE22 9HU - Image 3

Wranglesleake, Wainfleet Road, Old Leake, Boston PE22 9HU

East of England

£150,000
Listed on 11/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1841 sqft

Description

This three-bedroom detached house, set on a substantial plot of 2.97 acres, presents a significant renovation opportunity for investors or developers. Located in Old Leake, north of Boston, the property is currently in a dilapidated state and requires extensive refurbishment. The house features three reception rooms, a kitchen and utility area on the ground floor, along with three bedrooms and a bathroom upstairs. The grounds include several greenhouses and outbuildings, which are overgrown but suggest potential for redevelopment or landscaping. With some parts of the land having road frontage, there could be further development opportunities available. The property is being sold as seen and contains remnants of the previous owner's belongings, so prospective buyers should approach viewings with care. This project is ideal for those looking to create a bespoke residence or capitalize on the development potential within this expansive lot.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -63.3% below area average per sq ft

-63.3%
Potential saving
This Property
£81/sq ft
Area Average
£222/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £120,000
Target Value
£449,673
10% above area average per sq ft
Potential ROI
+66.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
12
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +9.9% over the last 12 months
3 year growth: -0.6%
5 year growth: 24.4%
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.

Location

Wranglesleake, Wainfleet Road, Old Leake, Boston PE22 9HU
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£549
Based on a loan of £112,500 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE