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Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 1
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Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 3
Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 4
Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 5
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Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 8
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Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 11
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Common Lane, Old Leake, Boston, Lincolnshire, PE22 - Image 17
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Common Lane, Old Leake, Boston, Lincolnshire, PE22

East of England

£235,000
Listed on 23/04/2026

Property Details

Bedrooms
2
Type
Barn Conversion
Area
951 sqft

Description

This detached cottage nestled in a tranquil rural environment offers expansive views and privacy, making it a prime candidate for renovation and investment. Set on approximately 0.44 acres, the property presents ample scope for transformation. The existing layout comprises a reception room, kitchen, pantry, ground floor bathroom, and two bedrooms on the first floor. However, both the living space and the attached barn require extensive refurbishment to realize their full potential. With necessary planning consents, the barn could be repurposed to enhance the property's usability or even serve as a separate dwelling.

While enjoying established grounds that provide significant privacy and long-range views, there's also potential for further development or conversion of the site into additional living spaces, subject to planning permission. The previous planning consent from Boston Borough Council (B/20/0267) has expired but could be revisited with new proposals. This opportunity is ideally suited for cash buyers seeking a project with substantial upside in a highly desirable location.

Investment Analysis

(PE22 area)

Above Market Value

This property is priced +13.9% above area average per sq ft

+13.9%
This Property
£247/sq ft
Area Average
£217/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£227,004
10% above area average per sq ft
Potential ROI
-30.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
20
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE22)

Area prices are stable by -0.3% over the last 12 months
3 year growth: -5.9%
5 year growth: +11.3%
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

Common Lane, Old Leake, Boston, Lincolnshire, PE22
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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
£832
Based on a loan of £176,250 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.

Stamp Duty Calculator

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