Worst House on the Street Logo
Penny Hill Road, Holbeach, Spalding - Image 1
Penny Hill Road, Holbeach, Spalding - Image 2

Penny Hill Road, Holbeach, Spalding

East of England

£95,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Nestled on the sought-after Penny Hill Road in Holbeach, near Spalding, this property presents a unique opportunity for renovation or investment. It comprises six building plots, each with full planning permission, making it an attractive prospect for those looking to create custom homes in a bustling residential neighborhood. The existing structure offers approximately 1,668 square feet of living space, designed with contemporary needs in mind. Upon entry, you're welcomed by a hall that connects to a convenient cloakroom and a versatile study that serves well for remote work or personal projects. The sizable living room provides an ideal setting for relaxation and social gatherings, while the kitchen diner—enhanced by a separate utility room—caters perfectly to family meals and entertaining. Moving upstairs, the spacious landing leads to four well-sized bedrooms. The master bedroom features an en-suite bathroom that adds an element of privacy. A separate family bathroom is available for the other bedrooms, ensuring adequate facilities for all occupants. Outside, the property includes a private driveway leading to a carport for secure parking. At the rear, you'll find an enclosed garden space that offers a peaceful environment for outdoor activities or enjoying nature. This site comes equipped with roads and service ducting already in place, underscoring its renovation potential. With its prime location and the possibility to acquire multiple plots at once, this represents a compelling investment opportunity—ideal for investors or homeowners wanting to build personalized residences in Holbeach. This chance should not be overlooked by those eager to shape their future in this vibrant area.

Investment Analysis

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

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£150,000 - £250,000
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

Penny Hill Road, Holbeach, Spalding
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£348
Based on a loan of £71,250 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.

Next Steps

Explore services to help you with this property purchase.

Need a mortgage for this property?

Explore personalised financing options tailored to this property

No obligation, free consultation

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE