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Boston Road, Spilsby PE23

East of England

£200,000
Listed on 30/04/2026

Property Details

Bedrooms
3
Type
Detached Bungalow
Area
1302 sqft

Description

This detached bungalow is situated on a substantial corner plot at the edge of town, providing easy access to the A16 and an inviting canvas for renovation enthusiasts or investors. With no onward chain, this property offers an excellent opportunity for those looking to modernize and personalize their living space. The layout includes a porch that leads into an entrance hall, a spacious lounge with dual aspect windows, and a dining room with sliding doors opening to the rear garden. The kitchen contains essential fittings but is in need of updating for modern living. There are three bedrooms, a bathroom equipped with bath and electric shower, plus a separate WC. Outside, the bungalow features a generous lawned front garden alongside off-road parking and a garage. The enclosed rear garden presents potential for landscaping or outdoor enhancements. With an EPC rating of E, improvements could not only elevate aesthetic appeal but enhance energy efficiency as well. As this property sits on approximately 0.21 acres, there’s ample scope for extension or additional development (subject to planning), making it particularly attractive for buyers who envision creating their ideal home in a convenient location.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -31.9% below area average per sq ft

-31.9%
Potential saving
This Property
£154/sq ft
Area Average
£226/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£323,248
10% above area average per sq ft
Potential ROI
+34.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
13
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -14.1% over the last 12 months
3 year growth: -8.5%
5 year growth: -6.2%
Investment Disclaimer: Analysis based on PE23 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

Boston Road, Spilsby PE23
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£714
Based on a loan of £150,000 over 30 years at 3.97% 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.

Stamp Duty Calculator

Price History

-14.9% since listed
£200,000£35,000(-14.9%)
29/04/2026
Current price
£235,000Initial listing
27/03/2026

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