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

East of England

£225,000
Listed on 17/03/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1343 sqft

Description

This detached bungalow presents a promising investment opportunity, set on a generous plot of around half an acre with unobstructed views. It requires updating and is subject to an Agricultural Habitation Clause, making it ideal for those interested in renovation projects. The layout includes a porch, an entrance hall, and spacious living areas such as a lounge with French doors leading to the garden, and a dining kitchen equipped with various base and wall units. Accommodation consists of three bedrooms and a bathroom that includes both a shower enclosure and a bath. Outside, there's ample off-road parking along with lawned gardens at the front and back, providing significant potential for landscaping or extension (subject to planning permissions). Additionally, the property features a garage and is conveniently located near local amenities in Old Leake, which offers both rural charm and community convenience.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -23.3% below area average per sq ft

-23.3%
Potential saving
This Property
£168/sq ft
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£322,495
10% above area average per sq ft
Potential ROI
+21.7%
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
15%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +14.4%
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, PE22
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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
£811
Based on a loan of £168,750 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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