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Spilsby Road, Boston, Lincolnshire, PE21 9NX

East of England

£160,000
Listed on 14/05/2026

Property Details

Bedrooms
3
Type
Terraced

Description

This substantial period townhouse is positioned in a desirable area of Spilsby Road, attractive to families due to its proximity to exceptional local schools and convenient access for employees of Pilgrim Hospital. Within walking distance of the town centre and situated in a conservation area, this property is available with no onward chain. It presents an excellent investment opportunity for those familiar with renovation projects. The current owner had ambitious plans to fully refurbish the property after years as a successful rental. The home has been stripped of all fixtures and fittings, old carpets removed, and it has been completely rewired, with windows either refurbished or replaced where necessary. While the seller’s personal circumstances have led them to sell 'as seen', discerning buyers will recognize the potential here, understanding that renovations can often look daunting before progress is made. The house features three spacious reception rooms on the ground floor along with a breakfast kitchen and a former utility area that includes plumbing for additional facilities. The first floor comprises three bedrooms, with existing plumbing and framework ready for an extended bathroom suite. Additionally, there are plans available for reconfiguring the large attic space into a fourth bedroom complete with en-suite facilities—this project is open for new owners to customize. Most rooms are equipped with radiators; however, potential buyers should be aware that the boiler requires replacement. Outside, there is off-road parking available and a generous garden measuring approximately 5.6 m wide by 27 m long, providing ample outdoor space for family activities or future landscaping projects.

Investment Analysis

(PE21 area)
Area Average
£189/sq ft
Avg Rent (weekly)
£180
Avg Yield
4.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
37
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE21)

Area prices are falling by -5.1% over the last 12 months
3 year growth: +1.6%
5 year growth: +12.0%
Investment Disclaimer: Analysis based on PE21 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

Spilsby Road, Boston, Lincolnshire, PE21 9NX
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£571
Based on a loan of £120,000 over 30 years at 3.97% 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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