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The Crescent, Spalding

East of England

£200,000
Listed on 13/02/2026

Property Details

Bedrooms
5
Type
Terraced house

Description

This charming period property located in Spalding presents a lucrative investment opportunity for discerning buyers. Comprising three distinct residential flats, this building offers substantial scope for refurbishment, making it an attractive venture for those looking to enhance their rental income potential. The ground floor flat has already been partially stripped, allowing for a complete reimagining of the space, with room for two en-suite bedrooms, a lounge, and a kitchen leading directly to the private garden. On the upper levels, one of the apartments is a spacious studio requiring modernisation while another is a sizeable two-bedroom maisonette that also demands attention. Situated just a short stroll from the vibrant town centre, this property is perfectly positioned to attract tenants seeking convenience combined with character. With strong rental demand in this desirable area, investors will find considerable value in the possibility of revitalising these units to achieve higher yields. Whether you’re a seasoned landlord or new to property investment, this multi-unit offering could be your next strategic acquisition.

Investment Analysis

(PE11 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -3.9%
5 year growth: +12.6%
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

The Crescent, Spalding
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Mortgage Calculator

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£
£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£721
Based on a loan of £150,000 over 30 years at 4.06% 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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