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Barrier Bank, Cowbit, Spalding

East of England

£360,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This three-bedroom detached bungalow presents a significant renovation and investment opportunity for prospective buyers. Situated in a sought-after village setting, the property not only offers comfortable living space but also the potential for substantial development. The bungalow itself features three well-proportioned bedrooms, along with common living areas that can be transformed to meet modern standards. With thoughtful renovations, this space could be enhanced to create a more contemporary and inviting atmosphere. What sets this property apart is its approved planning permission for further development. There are plans for the construction of one five-bedroom detached home and two four-bedroom detached properties on-site. This opens up various investment avenues, whether you seek to develop to sell or enhance your rental portfolio. Located in a popular village that boasts a strong sense of community and easy access to local amenities, this property’s location adds significant value to its appeal. It is an ideal choice for investors looking to capitalize on the growing demand for residential housing in the area. For those interested in exploring this unique opportunity further, planning information can be accessed through South Holland District Council under reference H01-0731-22. Whether renovating the existing bungalow or pursuing new builds, this property offers versatility and considerable earning potential in an attractive location.

Investment Analysis

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

Renovation Potential

Medium 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

Barrier Bank, Cowbit, 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
£1,319
Based on a loan of £270,000 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