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South Parade, Boston PE21

East Midlands

£279,950
Listed on 11/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1199 sqft

Description

This spacious detached bungalow offers an appealing opportunity for renovation and investment, set on approximately 0.4 acres of land that provide potential lakeside views at the rear. The property features a well-defined layout with a central entrance hall leading to multiple living spaces, including a generous lounge, kitchen, and garden room. Inside, the accommodation comprises two comfortable bedrooms plus an additional versatile room that could serve as a third bedroom or office space. Each of the bedrooms includes built-in storage solutions, enhancing practicality while maintaining comfort. The kitchen is equipped with essential amenities and offers ample space to be refurbished into a modern culinary hub. The adjoining walk-in pantry adds valuable storage and functionality. The garden room extends the living area and allows for great natural light, making it an ideal spot for relaxation or entertaining. French doors provide direct access to the expansive rear garden, which is currently laid out with established lawns and diverse plantings, presenting numerous possibilities for landscaping or enhancements. The property's exterior features a gravelled driveway accommodating off-road parking alongside access to a single garage. A wide front garden is complemented by mature shrubs and trees, creating a pleasant curb appeal. Given its size, location, and layout, this bungalow has significant potential for modernization or even expansion, subject to planning permissions. With no onward chain involved in the sale process, this property represents an attractive investment opportunity or a project for those looking to create their dream home in a tranquil setting.

Investment Analysis

(PE21 area)

Above Market Value

This property is priced +28.2% above area average per sq ft

+28.2%
This Property
£233/sq ft
Area Average
£182/sq ft
Avg Rent (weekly)
£183
Avg Yield
5.0%

Renovation Potential

Est. Renovation Cost
£27,995 - £69,988
10-25% of property value
Target Value
£240,238
10% above area average per sq ft
Potential ROI
-31.3%
After renovation
Monthly Sales
28
Average per month
Market Turnover
20%
Properties sold annually

Local Market Trend (PE21)

Area prices are stable by +1.6% over the last 12 months
3 year growth: 6.3%
5 year growth: 22.4%
Investment Disclaimer: Analysis based on PE21 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

South Parade, Boston PE21
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