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Westlode Street, Spalding

East of England

£190,000
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1573 sqft

Description

Situated in the centre of Spalding, this three-bedroom period property presents an excellent opportunity for those looking to invest in a home with character and renovation potential. The extended rear of the house features a spacious open-plan kitchen and dining area, ideal for creating a modern entertaining space. The downstairs layout includes three flexible reception rooms that can be adapted for various uses, such as a home office or additional living areas. Upstairs, you'll find three well-sized bedrooms alongside a family bathroom that could benefit from updating. The exterior offers off-road parking for multiple vehicles and a garden with both lawn and patio spaces, providing room for landscaping ideas or outdoor enhancements. With local amenities just a short walk away, this property combines convenient living with the chance to add value through thoughtful renovations.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -45.0% below area average per sq ft

-45.0%
Potential saving
This Property
£121/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
£380,060
10% above area average per sq ft
Potential ROI
+58.4%
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

Westlode Street, 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
£696
Based on a loan of £142,500 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