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Fodderdyke Bank, New Leake, Boston

East of England

£200,000
Listed on 07/01/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
807 sqft

Description

This semi-detached cottage, located in a peaceful rural setting, offers a unique opportunity for those looking to invest in a property with significant renovation potential. Set on approximately 0.5 acres (STS), the home comes with various outbuildings that could be repurposed to suit your needs. Although the property requires thorough updating throughout, it benefits from picturesque views and the advantage of no onward chain. The approach features a gated entrance leading to a parking area bordered by established hedging and fencing. Inside, you will find a functional layout comprising three bedrooms, a lounge with an open fire, and a kitchen equipped with basic units. The utility area and cloakroom offer essential conveniences but also present opportunities for modernization. The expansive gardens and paddock are ideal for those interested in horticulture or keeping animals, making this property not just a home but a potential lifestyle upgrade as well. Mains water and electricity supply are connected; however, it should be noted that drainage operates through a private system. This is an exciting chance to transform this cottage into your dream countryside retreat.

Investment Analysis

(PE22 area)

Above Market Value

This property is priced +12.5% above area average per sq ft

+12.5%
This Property
£248/sq ft
Area Average
£220/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£195,605
10% above area average per sq ft
Potential ROI
-18.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
19%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +9.3% over the last 12 months
3 year growth: -2.6%
5 year growth: 17.9%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£733
Based on a loan of £150,000 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