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Cherrytree Grove, Spalding

East of England

£185,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1105 sqft

Description

This three-bedroom semi-detached house presents a unique opportunity for those looking to invest or renovate. With spacious rooms and a sizable rear garden, the property serves as an excellent blank canvas awaiting personal touches and updates. Its potential for transformation is clear, making it an appealing project for homeowners and investors alike. The front entrance leads into a welcoming hallway that provides access to the main living areas. The expansive lounge features large windows that allow natural light to fill the space, enhancing its inviting atmosphere. French doors connect this area to a conservatory, which offers additional flexibility as a sunlit retreat or extension of the living space. The kitchen is functional with ample storage options, featuring base and eye-level units along with essential appliances such as a Neff electric induction hob and built-in oven. Nearby, the utility room adds convenience with extra storage and plumbing for laundry appliances, highlighting the property’s practical layout. On the first floor, three well-proportioned bedrooms provide versatility for family living or guest accommodations. Each room is equipped with large windows that overlook the surroundings. The bathroom includes essential fixtures but also allows for modernization to create a more contemporary feel. Outside, the generous rear garden is enclosed by timber fencing offering privacy while featuring established vegetable beds, a patio area, and even a greenhouse—ideal for gardening enthusiasts. This outdoor space holds significant potential for landscaping or recreational use. Situated in a location that combines peaceful residential living with convenient access to local amenities and transport links, this property not only offers immediate scope for renovation but also positions itself well within an evolving market. It comes with no onward chain, providing an expedient process for new owners ready to embark on their design journey. Overall, this home stands as an attractive investment opportunity for those keen on breathing new life into its existing framework.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -23.8% below area average per sq ft

-23.8%
Potential saving
This Property
£167/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Light Refurb
Est. Renovation Cost
£10,000 - £25,000
Target Value
£266,985
10% above area average per sq ft
Potential ROI
+27.1%
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

Cherrytree Grove, 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
£678
Based on a loan of £138,750 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