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Bolker Cottage

East of England

£225,000
Listed on 03/07/2025

Property Details

Bedrooms
4
Type
Detached

Description

Bolker Cottage offers a rare opportunity for development in the tranquil setting of Thorney, a village steeped in history dating back to the Saxon era. Nestled amidst the picturesque fens and just off the A47, it provides both serene rural living and convenient access to larger towns, including Peterborough, which is only 9 miles away. The village boasts historical landmarks such as Thorney Abbey, enhancing its charm. The property comes with detailed planning permission (REF22/00757/FUL) allowing for the construction of a substantial two-storey dwelling, encompassing 2,789 square feet (259.1 m2) of living space alongside an ancillary triple-bay garage. The ground floor offers ample room at 138.8 m2 while the first floor provides an additional 120.3 m2. Currently connected to mains electricity and water, any prospective buyer should verify service connections for their intended development. Planning permissions have been successfully implemented as of February 2025 following compliance with necessary conditions. Ownership of the existing entrance off Thorney Dyke will remain with the vendor, ensuring continued access for future occupants. There's also potential to rent additional land adjacent to the property, providing further value for expansion or development. Notably, buyers should be aware of seasonal restrictions regarding fire usage on-site from July through August.

Investment Analysis

(PE6 area)
Area Average
£276/sq ft
Avg Rent (weekly)
£227
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
39
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE6)

Area prices are falling by -3.2% over the last 12 months
3 year growth: +1.0%
5 year growth: +13.0%
Investment Disclaimer: Analysis based on PE6 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

Bolker Cottage
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£797
Based on a loan of £168,750 over 30 years at 3.91% 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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