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Lowgate, Gosberton, Spalding

East of England

£300,000
Listed on 01/12/2025

Property Details

Bedrooms
4
Type
Detached house
Area
1033 sqft

Description

This spacious 3/4 bedroom bungalow in the village of Gosberton is a solid investment opportunity for those looking to renovate and personalize their living space. Designed with flexibility in mind, it offers three well-proportioned bedrooms and the potential to reconfigure a fourth room or an additional reception area to suit your lifestyle needs. A highlight of this property is the internally accessible converted former double garage, which can serve as a versatile home office, hobby space, or extra living area. While some modernization is needed throughout, this bungalow presents a blank canvas for buyers keen to add value through renovations. Key spaces include a good-sized kitchen with potential for updates, a utility room ready for enhancements, and an inviting lounge leading out to the garden—all providing ample avenues for improvement. The outdoor area includes a sizeable gravel driveway and an enclosed garden space perfect for landscaping ideas. With all these facets combined, this property not only allows you to create your ideal home but also represents strong investment potential in a well-connected village.

Investment Analysis

(PE11 area)

Above Market Value

This property is priced +32.2% above area average per sq ft

+32.2%
This Property
£290/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£249,588
10% above area average per sq ft
Potential ROI
-28.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -2.5%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on PE11 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

Lowgate, Gosberton, Spalding
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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
£1,099
Based on a loan of £225,000 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