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Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 1
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 2
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 3
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 4
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 5
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 6
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 7
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 8
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 9
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 10
Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11 - Image 11

Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11

East of England

£350,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a promising opportunity for development, having obtained full planning permission for the construction of four new homes designed to reflect a traditional farmyard aesthetic. Previously serving as the main storage building for a farm, the site now spans 0.23 hectares (approximately 0.59 acres) and is clear of any existing structures, allowing for immediate progress on development plans. Nestled in a location that combines rural charm with convenient access to local amenities, this site is well-positioned to attract future residents seeking both tranquility and connectivity. The approved design elements will not only enhance the visual appeal but also align with community values surrounding sustainability and heritage. Investors and developers will appreciate the potential for capitalizing on this cleared space, which offers flexibility in design and construction timelines. With the groundwork already laid through planning permissions, this site stands out as an efficient choice for those looking to make their mark in a growing area while contributing to its character-rich landscape.

Investment Analysis

(PE11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£800,000 - £1,200,000
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

Fengate Road, West Pinchbeck, Spalding, Lincolnshire, PE11
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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
£1,282
Based on a loan of £262,500 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