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Horsehead Drove, Three Holes PE14

East of England

£160,000
Listed on 19/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
894 sqft

Description

This detached bungalow, nestled in a tranquil rural setting with expansive field views, presents a unique opportunity for cash buyers looking to invest in a property with significant potential. The generous plot of approximately 0.20 acres allows for the possibility of creating an allotment or garden space, perfect for those interested in sustainable living by growing their own produce. Inside, the layout includes a conservatory that serves as an entrance hall, leading into a practical kitchen with a spacious pantry. The bungalow comprises two generous reception areas, a bathroom, and two double bedrooms, along with a uPVC front porch enhancing its overall appeal. Externally, the property boasts a single garage and ample garden area ideal for relaxing or entertaining. However, it is important to note that visible structural issues exist, including cracking and uneven flooring. As no survey has been conducted to ascertain the full extent of necessary repairs, prospective buyers should be prepared for potentially extensive renovation work. Situated on a quiet lane within reach of local villages such as Three Holes, Christchurch & Welney, this property offers both peace and scenic beauty but requires significant attention before it can reach its full potential.

Investment Analysis

(PE14 area)

Below Market Value

This property is priced -23.6% below area average per sq ft

-23.6%
Potential saving
This Property
£179/sq ft
Area Average
£234/sq ft
Avg Rent (weekly)
£235
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£230,361
10% above area average per sq ft
Potential ROI
+4.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
23
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE14)

Area prices are falling by -4.2% over the last 12 months
3 year growth: -7.0%
5 year growth: +6.5%
Investment Disclaimer: Analysis based on PE14 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

Horsehead Drove, Three Holes PE14
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£567
Based on a loan of £120,000 over 30 years at 3.91% 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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