The Boat House, 7 South Fen Road, Bourne, Lincolnshire PE10 0DN

Description

Three bedroom detached house in a rural location Formally The Boat Inn until the 1970s, this three bedroom detached house situated in a rural location approximately 10 minutes from Bourne, occupying a 0.41 acre plot. The property requires full modernisation and offers potential for improvement and further development, subject to the necessary consents. The accommodation comprises an entrance porch, sitting room, dining room, lounge with a log burner, kitchen, pantry, utility room, conservatory and bathroom to the ground floor. To the first floor are three bedrooms, two of which benefit from en-suite facilities. Outside, the property provides extensive parking, numerous storage sheds and workshops, mature trees and shrubs, a riverwalk the length of the property & with a substantial aluminium boat house measuring approximately 40' x 30'. This is a great opportunity likely to appeal to developers, investors or owner occupiers seeking a substantial project in a rural setting. W3W Location: ///motivator.shortcuts.cunning

Location

The Boat House, 7 South Fen Road, Bourne, Lincolnshire PE10 0DN. Located in the PE10 postcode district. Verify exact position, access, local demand and comparable evidence before bidding.

Investment Analysis

Investment Snapshot

Strategy Recommendation

Initial strategy: Development. Set the maximum bid only after reviewing condition, legal pack, finance, rents and sold evidence.

Works Required

Obtain a survey and contractor quotations. Allow for services, compliance, decoration and any structural, roofing, damp, kitchen, bathroom, external or development works identified.

Rental & Market Context

HB rental/value figures are indicative appraisal estimates and should be checked against current local letting and sold evidence.

Sold within approximately 5 miles

Check recent Land Registry transactions and closely matched local comparables for property type, size, tenure and condition.

Potential BRRR Position

Refinance potential depends on the completed condition, lender valuation, tenure and rental stress testing; development/commercial assets require specialist lender criteria.

Flip Analysis

Any resale margin must include SDLT, auction/legal fees, finance, holding costs, professional fees, contingency, selling costs and tax.

Investor Risks & Due Diligence

• Read the full legal pack and special conditions

• Verify tenure, occupancy, planning and title restrictions

• Inspect condition and obtain contractor quotations

• Confirm finance and insurance availability

• Verify rents and recent sold comparables

• Allow for buyer premium, administration charges and disbursements

Recommendation

Proceed only where verified total project cost supports the intended development strategy with adequate contingency.

Strategy Rating

Development: ★★★★☆ | Resale: ★★★★☆ | Buy-to-Let: ★★☆☆☆