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Chapel Lane, Old Bolingbroke, Spilsby

East of England

£250,000

Listed on 21/05/2026

Property Details

Bedrooms
4
Type
Detached
Area
2651 sqft

Description

This unique property presents an exceptional opportunity for renovation and development, nestled in a picturesque village on the edge of the Lincolnshire Wolds. Originally constructed as a Wesleyan Chapel in 1845, with a later extension added in 1908, this detached building boasts charming architectural features including brick construction, pitched slate roofs, and distinctive leaded lancet windows. The approach to the property is enhanced by a gated entrance leading to a well-defined pathway. Surrounding grounds are predominantly laid to lawn and feature historic grave markers, providing an intriguing context for potential buyers. An adjacent garden area not only offers additional amenity space but also facilitates vehicular access and parking. Importantly, planning permission has been granted for the conversion of the chapel into a substantial four-bedroom house with a part first floor, making this an exciting prospect for anyone looking to invest in restoration that honors the property's historical significance while adapting it for modern living.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -58.2% below area average per sq ft

-58.2%
Potential saving
This Property
£94/sq ft
Area Average
£226/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£100,000 - £150,000
Target Value
£658,164
10% above area average per sq ft
Potential ROI
+64.5%
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
10%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -14.1% over the last 12 months
3 year growth: -8.5%
5 year growth: -6.2%
Investment Disclaimer: Analysis based on PE23 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

Chapel Lane, Old Bolingbroke, Spilsby
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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
£892
Based on a loan of £187,500 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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