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Fodderdyke Bank, New Leake, Boston - Image 1
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Fodderdyke Bank, New Leake, Boston

East of England

£190,000

Listed on 23/05/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
807 sqft

Description

This semi-detached cottage is nestled in a rural setting, featuring a generous half-acre paddock complete with various outbuildings. Located in New Leake, it benefits from proximity to a local primary school and additional amenities in Stickney village. The property presents a renovation opportunity, requiring updates throughout while offering expansive views and the advantage of no onward chain. Accessed via a gated entrance, the property boasts a parking area bordered by mature hedges and fencing.

The interior includes a utility area with tiled flooring and a Belfast sink, alongside a cloakroom with basic facilities. The kitchen is equipped with fitted units and an under-stair pantry but would benefit from modernisation. The lounge features dual aspect windows and an open fire, creating potential for coziness post-renovation. There are three bedrooms, all with exposed wooden flooring, providing character but needing improvement to meet contemporary standards. The bathroom has essential fixtures but also requires upgrades.

Outbuildings include a workshop/barn and additional storage options like sheds and a greenhouse—ideal for those interested in gardening or needing workspace. Surrounding gardens are predominantly grassy with mature trees, while the sizeable paddock offers further potential for agricultural use or outdoor activities. Mains water and electricity are connected; however, drainage relies on a private system. With an energy rating of 'F', improving efficiency could significantly enhance the property's value.

Investment Analysis

(PE22 area)

Above Market Value

This property is priced +8.3% above area average per sq ft

+8.3%
This Property
£235/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£231
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£192,897
10% above area average per sq ft
Potential ROI
-19.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE22)

Area prices are stable by +0.3% over the last 12 months
3 year growth: -6.1%
5 year growth: +10.6%
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

Fodderdyke Bank, New Leake, Boston
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£678
Based on a loan of £142,500 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-5.0% since listed
£190,000£10,000(-5.0%)
23/05/2026
Current price
£200,000Initial listing
06/01/2026

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