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West Elloe Avenue , Spalding

East of England

£220,000
Listed on 04/10/2025

Property Details

Bedrooms
3
Type
Semi-detached house

Description

This spacious three-bedroom semi-detached home presents a compelling opportunity for those looking to invest in a property with significant renovation potential. Nestled in a well-regarded location, it offers convenient access to the town center and essential amenities, including a nearby doctor's surgery. Upon entry, you are greeted by an entrance lobby that leads into various living spaces. The generous lounge features UPVC double glazed windows that bathe the room in natural light, with French doors providing access to the outdoors. The adjoining dining room includes a charming feature brick fireplace, adding character and warmth to the space. The kitchen breakfast room retains plenty of original features while offering a functional layout with ample base and eye-level cabinets. For added convenience, the utility room is adjacent and provides additional storage options and plumbing for appliances. A cloakroom completes the ground floor layout. Upstairs, you will find three well-proportioned bedrooms, each equipped with fitted wardrobes. The master bedroom benefits from good natural light through its front-facing window. The family shower room is also on this level and offers potential for updates or reconfiguration to suit modern tastes. Outside, the property boasts a larger than average rear garden surrounded by mature trees and shrubs, creating an inviting outdoor space ripe for landscape redesign or expansion possibilities. Off-road parking is available via a concrete driveway leading to a covered carport, ensuring convenience for multiple vehicles. Located within walking distance of local shops and amenities, as well as offering easy transport links to nearby towns and cities—including Peterborough—this property not only holds immediate comfort but also significant renovation potential that could enhance its value considerably in the future. Whether you're looking to create your dream home or seeking an investment opportunity with strong appreciation prospects, this property warrants serious consideration.

Investment Analysis

(PE11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £30,000
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

West Elloe Avenue , 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