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Churchgate, Gedney

East of England

£230,000
Listed on 15/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1054 sqft

Description

This three-bedroom property presents a compelling opportunity for renovation or investment. Situated on a generous corner plot, the home offers both interior and exterior spaces that can be adapted to meet modern living standards. Entering through the hall, you will find a practical layout with storage options and access to various rooms. The double-aspect lounge features ample natural light from windows on the side and front, making it a potential focal point for updates such as new flooring or contemporary lighting fixtures. The kitchen, while functional, has room for enhancement. It comes equipped with base and eye-level units, providing a solid foundation for those looking to modernize their culinary space. With adequate plumbing and electrical points in place, converting it into a more open-plan area could significantly increase its usability and appeal. The property includes an 'L'-shaped garden room that might serve multiple purposes; it could become an entertainment space or office with some reconfiguration. Additionally, there's an open-plan wet room/bedroom area that currently accommodates accessibility needs but holds great potential for conversion into two separate spaces—a bedroom and a stylish bath area—if desired. Further enhancing the property's versatility is the utility room, which offers additional storage solutions or could be transformed into a small workshop or craft area. The accompanying cloakroom adds convenience for family living. Outside, the low-maintenance garden is laid mostly to patio, with sectioned areas that could easily be further developed into garden beds or outdoor seating areas. The large gravelled parking space accommodates multiple vehicles and leads to a single garage. Located near local amenities and public transport links, this home is positioned well for future value appreciation. Given its size and potential adaptability, this property stands as an excellent candidate for those looking to invest in renovations that cater to contemporary lifestyles while retaining its original character.

Investment Analysis

(PE12 area)

Below Market Value

This property is priced -4.9% below area average per sq ft

-4.9%
Potential saving
This Property
£218/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£189
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£266,024
10% above area average per sq ft
Potential ROI
-1.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE12)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -3.9%
5 year growth: 23.1%
Investment Disclaimer: Analysis based on PE12 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

Churchgate, Gedney
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£843
Based on a loan of £172,500 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE