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Austerby Close, Bourne, PE10

East of England

£150,000

Listed on 16/07/2026

Property details

Bedrooms
2
Type
Terraced
Area
560 sqft

Description

This two-bedroom property represents a promising opportunity for buyers seeking a project. Presented in clean and well-maintained condition, the home previously served as a rental and has been looked after, allowing for easy updates and personal touches. The entrance hall opens into a bright living room, which provides direct access to a versatile rear garden, enhancing both space and potential for outdoor enjoyment. The kitchen features shaker-style units that offer good storage solutions; it remains functional while also allowing for future enhancements to match contemporary preferences. Moving upstairs reveals a generous principal bedroom with built-in storage alongside a second bedroom suitable for various uses like an office or nursery. A neatly fitted bathroom rounds out this floor's accommodations. The enclosed garden presents several seating areas paved with lawn and gravel, providing ample room for landscaping or simply enjoying outdoor leisure time. Allocated off-road parking adds convenience to this inviting home, situated in a desirable Bourne neighbourhood close to local amenities and transport links to Stamford, Peterborough, and Grantham. This property offers balanced accommodation with excellent potential for further development, making it an attractive choice without onward chain complications.

Investment analysis

(PE10 area)

Above Market Value

This property is priced +2.8% above area average per sq ft

+2.8%
This Property
£268/sq ft
Area Average
£261/sq ft
Avg Rent (weekly)
£242
Avg Yield
4.5%

Renovation Potential

Light Refurb
Est. Renovation Cost
£15,000 - £30,000
Target Value
£160,468
10% above area average per sq ft
Potential ROI
-10.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
27
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE10)

Area prices are stable by +0.3% over the last 12 months
3 year growth: +0.9%
5 year growth: +10.6%
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

Austerby Close, Bourne, 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
£567
Based on a loan of £112,500 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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