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Crackholt Lane, Old Leake, Boston, PE22 - Image 1
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Crackholt Lane, Old Leake, Boston, PE22

East of England

£225,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1343 sqft

Description

This detached bungalow is set on a generous half-acre plot, offering scenic open views both at the front and rear. Although the property is under an Agricultural Habitation Clause and requires updating, it presents a valuable opportunity for renovation. The layout includes a porch, entrance hall, spacious lounge with garden access, a dining kitchen, utility room with WC, three bedrooms, and a bathroom. Outside, the well-maintained lawned gardens feature ample off-road parking and a garage. With no chain involved, this property is ready for a buyer looking to add value through improvement and personalization. The EPC rating is E and it holds freehold tenure.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£168/sq ft
Area Average
£222/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£328,034
10% above area average per sq ft
Potential ROI
+23.8%
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

Crackholt Lane, Old Leake, Boston, PE22
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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
£824
Based on a loan of £168,750 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