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11-15 Halton Road, Spilsby, Lincolnshire, PE23 - Image 1
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11-15 Halton Road, Spilsby, Lincolnshire, PE23

East of England

£270,000
Listed on 26/07/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a compelling investment opportunity featuring a substantial five-bedroom residential maisonette situated above two ground-floor retail shops. Additionally, the premises include workshops and an outbuilding, with a former coach house located at the rear, all of which offer various potential for renovation and development. The maisonette spans the first and second floors and includes two bathrooms, one of which is en suite, as well as a roof terrace. The ground-floor retail space is currently occupied by a tenant trading as AE Wildman & Son, under a 12-month rolling tenancy. This arrangement generates consistent rental income while also allowing for future flexibility in use or reconfiguration. Located in the heart of Spilsby town centre, the property benefits from proximity to local amenities and major retailers, including Sainsbury’s and Yorkshire Outlet Shop. The town's strategic position near the A16 provides easy access to Lincoln (33 miles), Boston (17 miles), and Skegness (13 miles), making it an attractive location for both commercial activities and residential living. Zoned for established retail use with the potential for other applications subject to planning permission, this property offers a range of opportunities for those looking to invest or develop further. It is connected to essential services such as mains electricity, water, gas, and drainage. Additionally, with its diverse configuration—combining residential space with commercial units—the property allows for creative redevelopment options that could enhance its value over time. Whether you are looking to maintain existing operations or explore new avenues, this property represents a unique canvas ripe for transformation in an evolving market.

Investment Analysis

(PE23 area)
Area Average
£223/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £120,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by +7.2% over the last 12 months
3 year growth: -6.5%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on PE23 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

11-15 Halton Road, Spilsby, Lincolnshire, PE23
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£989
Based on a loan of £202,500 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