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Risegate Road, Gosberton, Spalding, PE11 - Image 11

Risegate Road, Gosberton, Spalding, PE11

East Midlands

£299,950
Listed on 05/02/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1696 sqft

Description

This Georgian-style property is nestled in the tranquil village of Gosberton Risegate, presenting a compelling opportunity for renovation and investment. With three spacious double bedrooms and versatile living spaces, this home is ripe for updating while still retaining its original charm. Upon entering, a distinctive stable door leads into a well-appointed kitchen/diner that boasts ample worktop space and a practical layout. The ground floor features two welcoming reception rooms, including a sitting room with an open fireplace, perfect for cozy evenings. A larger lounge at the rear not only offers additional living space but also provides access to the first floor and a conveniently located downstairs shower room. The first floor houses three generously sized double bedrooms, each with potential for modernization. The principal bedroom enjoys views over the courtyard garden through a large double-glazed window. Completing this level is a family bathroom that could be transformed into a more contemporary oasis with some thoughtful renovations. Outside, the property sits on approximately one-third of an acre (STS) and includes multiple outbuildings. A large barn offers excellent storage solutions or potential for conversion into additional living space, subject to planning permissions. Adjacent to the barn are a utility room and another store, enhancing functionality. The courtyard garden serves as an appealing transition to the expansive rear garden, which contains another outbuilding equipped with power—ideal for various projects or hobbies. This property not only offers comfortable living spaces but also represents significant investment potential in an area that could benefit from further development. Whether you are looking to make it your own or explore rental opportunities, this home presents numerous possibilities to create value in a serene village setting.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -20.8% below area average per sq ft

-20.8%
Potential saving
This Property
£177/sq ft
Area Average
£223/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.9%

Renovation Potential

Est. Renovation Cost
£29,995 - £74,988
10-25% of property value
Target Value
£416,402
10% above area average per sq ft
Potential ROI
+11.1%
After renovation
Monthly Sales
46
Average per month
Market Turnover
30%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by +3.1% over the last 12 months
3 year growth: 0.3%
5 year growth: 16.9%
Investment Disclaimer: Analysis based on PE11 area averages and may not reflect property-specific factors like condition, exact location, or unique features. 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

Risegate Road, Gosberton, Spalding, PE11
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