Worst House on the Street Logo
Drove Road, Whaplode Drove, Spalding - Image 1
Drove Road, Whaplode Drove, Spalding - Image 2
Drove Road, Whaplode Drove, Spalding - Image 3
Drove Road, Whaplode Drove, Spalding - Image 4
Drove Road, Whaplode Drove, Spalding - Image 5
Drove Road, Whaplode Drove, Spalding - Image 6
Drove Road, Whaplode Drove, Spalding - Image 7
Drove Road, Whaplode Drove, Spalding - Image 8
Drove Road, Whaplode Drove, Spalding - Image 9
Drove Road, Whaplode Drove, Spalding - Image 10
Drove Road, Whaplode Drove, Spalding - Image 11

Drove Road, Whaplode Drove, Spalding

East of England

£165,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1022 sqft

Description

This two-bedroom detached bungalow presents a promising renovation opportunity in the tranquil village of Shepeau Stow. Currently occupied by tenants, this property is ideal for investors or those seeking a project to create a personalized living space. The layout includes an entrance hall that leads into an open plan kitchen and living area, providing a versatile space for modern living. Adjacent to this is a conservatory that offers additional natural light and potential for indoor gardening or relaxation. The bungalow features two bedrooms, each with its own unique view, as well as a functional bathroom. Outside, the property boasts ample outdoor space with front, side, and rear gardens that present opportunities for landscaping or possibly expanding the living area (subject to local planning regulations). A driveway and single garage provide practical parking solutions and extra storage. Additional amenities include oil-fired central heating and double-glazed windows, which enhance energy efficiency. Given its location in a peaceful village setting, this bungalow not only has strong investment potential but also the opportunity to transform into a cozy home tailored to individual preferences. With thoughtful updates and renovations, this property could significantly increase in value while offering a comfortable lifestyle in a desirable community.

Investment Analysis

(PE12 area)

Below Market Value

This property is priced -29.6% below area average per sq ft

-29.6%
Potential saving
This Property
£161/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£189
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£257,948
10% above area average per sq ft
Potential ROI
+20.0%
After renovation
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

Drove Road, Whaplode Drove, Spalding
Loading map...

Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£604
Based on a loan of £123,750 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.

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