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Millfield Road, Morton, Bourne, Lincolnshire, PE10

East of England

£165,000

Listed on 18/06/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1012 sqft

Description

This two-bedroom semi-detached bungalow, located in a desirable village setting and available with no onward chain, offers an excellent renovation opportunity for those looking to personalize their living space. While the property requires modernisation throughout, it features spacious accommodation including an entrance hall, a generous living/dining area that seamlessly connects to a conservatory, a kitchen with ample storage options, two double bedrooms, and a bathroom. With the potential to extend or reconfigure the layout (subject to necessary consents), this home caters well to various needs. The bungalow is set on a substantial plot with an overgrown rear garden that presents an exciting blank canvas for aspiring gardeners and outdoor enthusiasts. A driveway provides adequate off-street parking leading to a detached garage. Properties with such potential are seldom available for long, making this an attractive project for investors or buyers eager to undertake a rewarding renovation in a sought-after location.

Investment Analysis

(PE10 area)

Below Market Value

This property is priced -37.6% below area average per sq ft

-37.6%
Potential saving
This Property
£163/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£234
Avg Yield
4.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£290,824
10% above area average per sq ft
Potential ROI
+41.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
30
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE10)

Area prices are stable by -0.1% over the last 12 months
3 year growth: -0.6%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on PE10 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

Millfield Road, Morton, Bourne, Lincolnshire, PE10
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£623
Based on a loan of £123,750 over 30 years at 4.45% 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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