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Horace Street, Boston, Lincolnshire, PE21 - Image 1
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Horace Street, Boston, Lincolnshire, PE21

East of England

£140,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Semi Detached
Area
1182 sqft

Description

This three-bedroom residence offers a substantial opportunity for investors and renovators, situated conveniently near the bustling centre of Boston. Currently tenanted under an Assured Shorthold Tenancy (AST), it boasts an impressive gross yield of 8.9%. The layout is particularly advantageous, holding great potential for conversion into a House in Multiple Occupation (HMO), pending relevant planning permissions. The property comprises an entrance hall, a sizable lounge, a dining room perfect for gatherings, a functional kitchen, a utility room, and a ground floor WC. The upper level features three bedrooms alongside a bathroom and an additional separate WC. Outside, residents can enjoy an enclosed rear garden along with on-street parking in the vicinity. With gas central heating already installed and its proximity to local schools and transport links, this property presents itself not only as an immediate investment but also as a canvas for future enhancements.

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Investment analysis

(PE21 area)

Below Market Value

This property is priced -37.0% below area average per sq ft

-37.0%
Potential saving
This Property
£118/sq ft
Area Average
£188/sq ft
Avg Rent (weekly)
£176
Avg Yield
4.8%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£244,568
10% above area average per sq ft
Potential ROI
+39.8%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
8%
Properties sold annually

Local Market Trend (PE21)

Area prices are falling by -6.8% over the last 12 months
3 year growth: -1.0%
5 year growth: +7.3%
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

Horace Street, Boston, Lincolnshire, PE21
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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
£529
Based on a loan of £105,000 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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