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The Forge, Pickworth

East of England

£750,000
Listed on 27/09/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1952 sqft

Description

Set in an appealing elevated position, this sizable detached stone bungalow offers scenic views of the surrounding countryside. Originally built for the current owners under agricultural planning permission, the property comes with an agricultural restriction. This means potential buyers must be engaged in forestry, agriculture, farming, or horticulture to qualify—an important consideration for any interested party. The interior features a spacious layout that includes a welcoming entrance hallway and two generously sized double bedrooms, each equipped with fitted wardrobes and adjoining bathrooms. The large bay-fronted open-plan living and dining area provides ample room for relaxation and entertainment, while the breakfast kitchen is complemented by a separate utility room and walk-in pantry—ideal for those looking to enhance their culinary experience. Externally, the property boasts a sweeping driveway leading to a double garage, alongside beautifully landscaped gardens which include water features and a substantial timber outbuilding. These outdoor spaces not only enrich the property's charm but also present potential avenues for future development or personal customization. Located in Pickworth, the home enjoys convenient access to the A1, facilitating quick travel to Grantham, Stamford, and Peterborough—regions that offer efficient train services to London Kings Cross. Local amenities are just a short distance away in Castle Bytham. Families will appreciate the proximity of esteemed educational institutions including Witham Hall Prep School (5.8 miles), Stamford Endowed Schools (5.7 miles), Oakham School (10.9 miles), and Bourne Grammar (10.8 miles). Stamford itself has garnered accolades as one of the best places to live in recent years and offers an array of shopping options—from essential goods to unique finds in its boutique stores. This combination of location benefits with spacious living quarters highlights both livability and investment potential for buyers seeking a residence that may allow them to eventually explore further renovations or expansions down the line.

Investment Analysis

(PE9 area)

Above Market Value

This property is priced +13.5% above area average per sq ft

+13.5%
This Property
£384/sq ft
Area Average
£339/sq ft
Avg Rent (weekly)
£253
Avg Yield
3.6%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£727,042
10% above area average per sq ft
Potential ROI
-6.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
31
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by +5.9% over the last 12 months
3 year growth: -4.6%
5 year growth: 10.4%
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 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£2,747
Based on a loan of £562,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE