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Herdgate Lane, Pinchbeck, Spalding

East of England

£180,000
Listed on 30/12/2025

Property Details

Bedrooms
2
Type
Detached house

Description

This two-bedroom detached house presents a compelling opportunity for investors or those looking to create their ideal home. Nestled in a generous wrap-around plot, the property features a spacious driveway and a double garage, providing ample parking. While currently in need of modernisation, it boasts an array of rooms including a reception area, kitchen, utility room, and two upstairs bedrooms. The living space is enhanced by large windows that invite natural light and a fireplace that adds character. The exterior offers good-sized gardens with field views at the rear, highlighting the potential for outdoor enhancements. Notably, there are structural concerns with the roof and front wall that will require attention. With no onward chain, this property not only allows for immediate renovations but also holds significant potential for value appreciation after upgrades.

Investment Analysis

(PE11 area)
Area Average
£218/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -3.9%
5 year growth: +12.6%
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

Herdgate Lane, Pinchbeck, Spalding
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£649
Based on a loan of £135,000 over 30 years at 4.06% 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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