Carlton Road, Boston, Lincolnshire, PE21
East of England
£50,000Guide Price
Listed on 14/10/2026
Listed on 14/10/2026
The listing
Property details
Bedrooms
2Type
BungalowArea
733 sqftDescription
This two-bedroom detached bungalow presents a significant opportunity for those looking to invest in a renovation project. While the property requires modernisation, it offers a solid foundation for creative buyers to enhance its appeal. The accommodation features two spacious bedrooms, allowing for the creation of comfortable living spaces tailored to individual preferences. Externally, the property includes a double garage and ample off-road parking, complemented by a pleasant garden that offers further potential for enhancement.
Ideal for developers or investors, this property allows for various avenues of improvement, whether through refurbishment or exploring potential future development, subject to obtaining the necessary planning permissions. It is important to note that asbestos is present within some walls, and interested parties are advised to conduct their own inquiries and seek professional advice regarding any required works.
This is an excellent opportunity for those willing to invest time and effort into transforming this bungalow into a desirable home or investment. Offered at auction, this property combines generous accommodation with excellent parking facilities and significant potential.
WHOTS analysis
Our WHOTS verdict
An internal assessment of the opportunity to acquire, improve and create value.
56out of 100
Grade DWeak opportunity
Confidence: LOW
This two-bedroom detached bungalow presents a compelling opportunity for those looking to roll up their sleeves and create value. With an asking price of £50,000, this property comes in significantly below the local average at just £68/sqf, making it an attractive option for investors and developers eager to transform a dated space into something modern and desirable. The generous accommodation size and ample off-road parking, including a double garage, provide a solid foundation for a renovation project.
However, the property is in need of substantial renovation, as evidenced by the visible wear and outdated decor throughout. The kitchen and bathroom are in particularly poor condition, featuring outdated fixtures and fittings that will require significant attention. Additionally, there are signs of asbestos presence within the walls, which should be addressed by professionals. The garden is also in poor shape and will require clearing and improvement to maximize the outdoor space. Overall, while this bungalow offers huge potential, the project scale is heavy, requiring a well-planned budget and renovation programme to bring it back to life.
Key opportunities
- Generous accommodation size allows for the creation of comfortable living spaces.
- Ample off-road parking and a double garage enhance the property's appeal.
- Significant potential to transform the garden into a desirable outdoor space.
Key risks
- Stripped interiors and a substantial renovation budget make this a full-gut programme, not a refresh, especially with the presence of asbestos.
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Finance
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Illustrative repayments based on the asking price, not a mortgage offer.
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Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
Monthly Repayments
£189
Based on a loan of £37,500 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.
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