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Penny Hill Road, Holbeach, Spalding - Image 1
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Penny Hill Road, Holbeach, Spalding

East of England

£110,000
Listed on 04/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

Located on the desirable Penny Hill Road in Holbeach, near Spalding, this property offers a unique investment opportunity with six building plots that come with full planning permission. Set in a vibrant residential area, these plots are perfect for those looking to design and construct bespoke family homes. Each proposed dwelling covers a spacious 1192 square feet, featuring an entrance hall that welcomes you into a well-thought-out layout. The ground floor includes a cloakroom, a comfortable snug area, and a separate study ideal for remote work. The expansive open-plan kitchen, dining, and living space at the heart of the home is enhanced by bi-folding doors that connect to an enclosed rear garden—perfect for entertaining or simply enjoying outdoor activities. Upstairs, you will find four thoughtfully designed bedrooms, including two with en-suite bathrooms for added privacy and convenience. A family bathroom serves the additional bedrooms effectively. Each plot is equipped with its own private driveway leading to a carport, ensuring ease of access and security. With roads and service ducting already included, this is not just land; it’s a chance to craft stunning homes tailored exactly to your vision in a sought-after location. This rare opportunity allows for investment in your future as you create beautiful residences in this promising area.

Investment Analysis

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

Renovation Potential

Light Refurb
Est. Renovation Cost
£80,000 - £120,000
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
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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
£403
Based on a loan of £82,500 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