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Boston Road, Spilsby, PE23

East of England

£235,000
Listed on 19/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1302 sqft

Description

This detached bungalow, situated on a spacious corner plot at the edge of town, presents an exciting opportunity for renovation and personalisation. With easy access to the A16 and offered with no onward chain, this property is ripe for transformation into a contemporary living space. The layout includes a porch, entrance hall, lounge, dining room, kitchen, three bedrooms, bathroom, and separate WC. Outside, a generous lawned front garden complements the driveway offering off-road parking and a garage. The enclosed rear garden provides ample space for outdoor enhancements. This property is ideal for buyers looking to invest in a home that they can truly make their own.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -18.1% below area average per sq ft

-18.1%
Potential saving
This Property
£180/sq ft
Area Average
£220/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£315,728
10% above area average per sq ft
Potential ROI
+7.0%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -5.7% over the last 12 months
3 year growth: -7.6%
5 year growth: +7.0%
Investment Disclaimer: Analysis based on PE23 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

Boston Road, Spilsby, PE23
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Mortgage Calculator

£
£
£
%
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£848
Based on a loan of £176,250 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.

Next Steps

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