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Chapel Road, Old Leake, Boston PE22 - Image 1
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Chapel Road, Old Leake, Boston PE22

East of England

£65,000
Listed on 19/11/2025

Property Details

Bedrooms
2
Type
Detached house
Area
525 sqft

Description

This detached bungalow presents a unique opportunity for those looking to invest in a property with significant renovation potential. Situated on a corner plot in a semi-rural village, the home offers a blend of tranquility and access to local amenities, making it an appealing choice for both investors and future homeowners. The bungalow features two bedrooms, providing ample space for comfortable living. The entrance hall welcomes you with natural light streaming in from the windows flanking the front door. The lounge boasts dual aspect windows that enhance the space's brightness, complemented by an open fireplace that adds character. With some thoughtful updates, this area could become a cozy focal point for gatherings. The kitchen, although functional as is, holds promise for modernisation. It includes space for essential appliances and has dual aspect windows that create an inviting atmosphere. This room could be transformed into a contemporary culinary hub with creativity and investment. Both bedrooms are well-sized; the master bedroom benefits from an en-suite shower suite, while the second bedroom offers built-in storage – ideal features that can be further enhanced during renovations. Externally, the property is equipped with off-road parking and a single garage accessed via a tarmac driveway. The surrounding gardens offer space for landscaping or extension possibilities (subject to planning permission), making the most of this corner plot’s potential. With no onward chain, this bungalow is suited for cash purchasers who can vision its future possibilities. Mains electricity and water are connected, and drainage relies on a private system. Whether you're looking to redevelop entirely or just renovate parts of the existing structure, this property represents an intriguing project in a desirable location.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -44.6% below area average per sq ft

-44.6%
Potential saving
This Property
£124/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£228
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£129,042
10% above area average per sq ft
Potential ROI
+3.2%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
6%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +6.0% over the last 12 months
3 year growth: -2.5%
5 year growth: 23.4%
Investment Disclaimer: Analysis based on PE22 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.

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Location

Chapel Road, Old Leake, Boston PE22
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