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Winsover Road, Spalding

East of England

£280,000
Listed on 30/08/2025

Property Details

Bedrooms
6
Type
Detached house
Area
3337 sqft

Description

This substantial six-bedroom detached property presents a unique opportunity for renovation and investment, perfectly situated within walking distance of Spalding Town Centre and the local train station. Spanning over 3,200 sq ft, the home features four spacious reception rooms and three bathrooms, all set on a generous plot that includes a sizeable rear garden. The existing layout offers ample potential for transformation. The presence of six bedrooms makes it an ideal candidate for conversion into a House in Multiple Occupation (HMO), with room configurations conducive to creating additional rental income (subject to planning permission). Furthermore, the large garage and workshop at the back of the property provide possibilities for conversion into a self-contained annex or studio space, perfect for additional rental opportunities. The expansive rear garden boasts valuable development potential, with private side access that may allow for the construction of another dwelling (also subject to planning permissions). Such modifications could significantly enhance the property's value and appeal in this sought-after area. Internally, the ground floor comprises an inviting entrance hall leading to multiple reception areas, including a bright lounge with an open fire and bay windows, a drawing room well-suited for additional living space or another bedroom, as well as a dining room that could serve as a communal kitchen/dining area in an HMO setup. A snug overlooking the garden adds versatility as a study or extra bedroom. Upstairs, the first floor features three generously proportioned bedrooms—two with en-suite facilities—and a family bathroom. The second floor includes three more bedrooms alongside an additional lounge area ideal for communal living. Each space holds promise for reconfiguration to maximize comfort and functionality. The front garden is designed for low maintenance while enhancing curb appeal. The rear garden is predominantly laid to lawn, providing ample outdoor space that can be leveraged further down the line. Located on Winsover Road, this property is well-positioned close to central Spalding's shops and amenities, making it attractive not only to future tenants but also enhancing its resale potential. Overall, this property stands out as an excellent prospect for developers or investors looking to capitalize on its renovation possibilities and strategic location. A viewing is essential to fully appreciate its scope and all it has to offer as either a long-term investment or renovation project.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -61.8% below area average per sq ft

-61.8%
Potential saving
This Property
£84/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£75,000 - £120,000
Target Value
£806,269
10% above area average per sq ft
Potential ROI
+101.6%
After renovation
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

Winsover Road, 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
£1,026
Based on a loan of £210,000 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