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Carpe Diem Nook, Spilsby

East of England

£419,500
Listed on 31/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This remarkable detached bungalow presents an exceptional investment opportunity in the heart of Spilsby. Originally constructed in 1987 to the owner's specifications, this substantial property spans over 2,000 sq ft and is situated on a generous plot that allows for multiple renovation possibilities. The home features three spacious double bedrooms and three reception areas, with additional potential for alteration such as converting the integral garage into a fourth bedroom or annexe (subject to planning). Enthusiasts of classic cars will appreciate the expansive 44-foot detached garage designed for extensive vehicle storage along with the integrated garage. Furthermore, included is a building plot that comes with existing planning permission for a two-bedroom detached bungalow, providing an attractive avenue for development or an extended garden space. The property is equipped with gas central heating and sealed unit double glazing while benefiting from its prime location on the edge of the picturesque Lincolnshire Wolds AONB, with sandy beaches just a short drive away.

Investment Analysis

(PE23 area)
Area Average
£223/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
11
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by +7.2% over the last 12 months
3 year growth: -6.5%
5 year growth: 14.4%
Investment Disclaimer: Analysis based on PE23 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

Carpe Diem Nook, Spilsby
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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
£1,537
Based on a loan of £314,625 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