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Lambert Bank, Gedney Hill, Spalding

East of England

£525,000
Listed on 22/03/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This detached house, positioned on a generous two-acre lot at the edge of a quaint rural village, presents significant renovation and investment opportunities. Located approximately 15 minutes from Crowland by car, the property offers both privacy and potential for those looking to create a personalized family home. While the house requires modernization, its spacious layout includes four bedrooms and ample living space, making it ideal for extension or reconfiguration (subject to planning). The entrance lobby leads into a hallway that connects to a sizeable lounge diner, perfect for family gatherings. The kitchen breakfast room offers a functional space for meals, accompanied by a utility room and cloakroom for added convenience. The first floor hosts three bedrooms plus a family bathroom. The largest bedroom provides considerable space that could be enhanced with renovations to create an inviting retreat. This property is also equipped with off-road parking and a single garage, adding practicality to its charm. Outdoor areas include expansive gardens that have potential for landscaping or further development. This property is not only an appealing residence but also serves as an excellent investment opportunity in a serene village setting. Viewing this house is highly recommended to fully appreciate the renovation possibilities it offers.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £45,000
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

Lambert Bank, Gedney Hill, 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
£1,923
Based on a loan of £393,750 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