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The Reservoir, Surfleet, Spalding

East of England

£220,000
Listed on 04/10/2025

Property Details

Bedrooms
2
Type
Detached house
Area
1166 sqft

Description

This distinctive south-facing bungalow is situated on a peaceful private road, just two miles from the vibrant market town of Spalding. Its prime location along the picturesque River Glen offers a unique opportunity for those looking to invest or renovate in a highly sought-after area. The property features an impressive 38ft mooring with a quay, providing direct access to the Inland Waterway system. The sale also includes a mahogany launch boat, making it ideal for enjoying leisurely days on the water or exploring local riverside pubs. The private garden enhances the tranquil atmosphere and showcases lovely river views. Inside, this non-standard construction home comprises two bedrooms, a lounge/diner, and a conservatory that opens to the garden. The layout allows for natural light to flow through multiple windows, creating a warm and inviting living space. While currently in need of modernization, the bungalow’s structure offers significant renovation potential for buyers looking to customize their new home or explore redevelopment options (subject to planning permission). In addition to its charming living spaces, the property includes valuable outbuildings: a detached garage with an adjoining workshop and two car ports, providing ample off-road parking and storage solutions. With several neighboring homes having been successfully redeveloped into larger family residences, this property presents an excellent opportunity for investors seeking to enhance its value within this desirable location. Being offered chain-free adds further appeal for prospective buyers ready to make their mark.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -14.1% below area average per sq ft

-14.1%
Potential saving
This Property
£189/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £60,000
Target Value
£281,723
10% above area average per sq ft
Potential ROI
+0.6%
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

The Reservoir, Surfleet, 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
£806
Based on a loan of £165,000 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