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Crackholt Lane, Old Leake PE22 - Image 1
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Crackholt Lane, Old Leake PE22

East of England

£225,000
Listed on 19/03/2026

Property Details

Bedrooms
1
Type
Detached Bungalow
Area
1343 sqft

Description

This detached bungalow is set on approximately half an acre, surrounded by scenic views at both the front and rear. A property with an Agricultural Habitation Clause presents a unique investment opportunity for those looking to update and enhance its potential. The layout includes a porch, entrance hall, a spacious lounge with garden access, a dining kitchen, utility area with WC, three bedrooms, and a bathroom. Outside, the grounds feature well-maintained lawns, multiple off-road parking spaces, and a garage. While the property requires modernisation throughout, it offers considerable scope for improvement. Located in Old Leake, known for its rural charm combined with local amenities, the property provides an appealing community atmosphere alongside convenient access to transport links and recreational opportunities.

Investment Analysis

(PE22 area)

Below Market Value

This property is priced -23.3% below area average per sq ft

-23.3%
Potential saving
This Property
£168/sq ft
Area Average
£218/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£322,495
10% above area average per sq ft
Potential ROI
+17.3%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
15%
Properties sold annually

Local Market Trend (PE22)

Area prices are rising by +5.5% over the last 12 months
3 year growth: -4.1%
5 year growth: +14.4%
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.

Location

Crackholt Lane, Old Leake PE22
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£811
Based on a loan of £168,750 over 30 years at 4.06% 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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