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Bowgate, Gosberton, Spalding, Lincolnshire, PE11

East of England

£250,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Detached house
Area
1041 sqft

Description

Nestled within the vibrant village of Gosberton, this detached three-bedroom bungalow presents a compelling canvas for renovation and investment. Set on a spacious plot, the property offers a blend of privacy and accessibility to local amenities, making it an appealing option for both families and investors looking to add value. The layout begins with a welcoming porch that leads into a breakfast kitchen, designed with ample space for dining and daily activities. The bright family lounge features patio doors that seamlessly connect to the rear garden, promoting an indoor-outdoor lifestyle ideal for gatherings or quiet moments in nature. With three well-proportioned bedrooms, this home can adapt to various needs; one room has been utilized as a formal dining space in the past, illustrating its versatility to serve as a home office or guest accommodation as desired. Outside, the substantial gardens enhance the property's charm, providing plenty of space for outdoor enjoyment or future landscaping projects. A detached garage is conveniently located beside the bungalow, accompanied by additional off-road parking on the private driveway. Given its generous plot size and favorable location, there remains significant potential for modernisation or even extension (subject to planning approval). This property is not just a home but also an opportunity for those with vision in an attractive community setting.

Investment Analysis

(PE11 area)

Above Market Value

This property is priced +9.3% above area average per sq ft

+9.3%
This Property
£240/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£251,521
10% above area average per sq ft
Potential ROI
-13.3%
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

Bowgate, Gosberton, Spalding, Lincolnshire, PE11
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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
£916
Based on a loan of £187,500 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