Summary - 4 CHAPEL STREET BOSTON PE21 6PY
3 bed 2 bath Terraced
Three-bedroom terraced investment with tenants in situ and immediate rental income close to Boston town centre.
- Three-bedroom mid-terrace with tenants in situ (immediate rental income)
- Freehold, approx 915 sq ft over three floors
- Small private rear courtyard and garden shed
- Basic fixtures; requires general modernisation and cosmetic work
- Solid brick walls assumed uninsulated; potential efficiency upgrades needed
- Very high local crime rate and area deprivation to consider
- Low flood risk, fast broadband and excellent mobile signal
- Council tax very cheap, central town location close to amenities
A compact three-bedroom mid-terrace in central Boston offered with long-standing tenants in situ, making it attractive for buy-to-let investors seeking immediate income. The property is freehold, arranged over three levels with a bright lounge, small but practical kitchen, two bathrooms, and a private rear courtyard with a shed. Broadband and mobile signals are good, and local amenities and primary/secondary schools are within easy reach.
The house dates from the early 20th century with solid brick walls and double glazing (install date unknown). Interiors are serviceable but show wear and will benefit from general modernisation — kitchens and bathrooms are basic and cosmetic updating would increase rent or resale value. The footprint is modest (c.915 sq ft) with very small outside space, so it suits sharers, a small family or tenant occupation rather than buyers seeking large gardens.
Buyers should note material negatives plainly: the neighbourhood has very high recorded crime and sits in a deprived area, which can affect tenant demand and capital growth. The property is assumed to have no wall insulation and may require improvement works to raise thermal efficiency. Council tax is very low and flood risk is low, which help running costs and insurance. Priced at £125,000, this presents a budget-priced entry for investors or first-time buyers prepared to carry out updates.
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