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Next to 112 Bridge Road, Sutton Bridge, Spalding - Image 1

Next to 112 Bridge Road, Sutton Bridge, Spalding

East of England

£60,000
Listed on 09/06/2024

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a versatile opportunity for both residential and commercial development, positioned adjacent to the local club. The site currently serves as a car park, but its potential extends far beyond that, allowing for the construction of either a residential unit—such as a house or a two-story flat—or a commercial establishment with an apartment above, pending planning approval. Located in Sutton Bridge, the property benefits from its proximity to essential amenities including shops, eateries, and recreational facilities. The area boasts a challenging golf course and a newly established marina along the tidal River Nene, enhancing its appeal for outdoor enthusiasts. The nearby sea marshes draw bird watchers and dog walkers alike, while the market town of Long Sutton, just 2 miles away, offers additional services such as grocery stores, healthcare facilities, and more. Both Kings Lynn and Spalding are approximately 13 miles away and provide robust transport links to London and beyond. Utilities are readily available at Bridge Road, making this an attractive option for developers looking to tap into existing infrastructure. Interested parties should verify connections to mains water, electricity, gas, and drainage with relevant utility companies. With dimensions of approximately 16.10 meters at the front and an average depth of around 18.5 meters, this site offers ample space for thoughtful development. Potential buyers should note that access to the site is straightforward from Bridge Road but should inspect only with pertinent materials at hand. In summary, this property represents an exciting investment prospect in a growing community with diverse amenities and natural attractions—a canvas for future development aligned with current planning regulations and local needs.

Investment Analysis

(PE12 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£189
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
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

Next to 112 Bridge Road, Sutton Bridge, Spalding
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Mortgage Calculator

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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£220
Based on a loan of £45,000 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