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The Forge, Pickworth

East of England

£750,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
1952 sqft

Description

This substantial detached stone bungalow offers an excellent opportunity for renovation and investment, set in a scenic elevated location with sweeping views of the surrounding countryside. Originally designed as an agricultural dwelling, this property does come with an agricultural restriction that requires the buyer to have a profession in forestry or agriculture. The layout features a large entrance hallway leading to two spacious double bedrooms equipped with fitted wardrobes and adjoining bathrooms. The generous bay-fronted open plan living/dining area is complemented by a breakfast kitchen, which includes a separate utility room and walk-in pantry. Outside, the property boasts a sweeping driveway that leads to a double garage, alongside beautifully landscaped gardens featuring water elements and a sizable timber outbuilding – all of which offer potential for enhancement or repurposing. Located conveniently near the A1, it provides easy access to major towns like Grantham and Stamford, while local amenities are just a short distance away in Castle Bytham. With exceptional local schooling options available and Stamford recognized as one of the best places to live, this property not only presents immediate comfort but also significant potential for future improvement or investment.

Investment Analysis

(PE9 area)

Above Market Value

This property is priced +12.4% above area average per sq ft

+12.4%
This Property
£384/sq ft
Area Average
£342/sq ft
Avg Rent (weekly)
£262
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£734,020
10% above area average per sq ft
Potential ROI
-8.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
21%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -7.0%
5 year growth: +7.2%
Investment Disclaimer: Analysis based on PE9 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

The Forge, Pickworth
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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
£2,705
Based on a loan of £562,500 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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