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High Street, Holbeach

East of England

£74,995
Listed on 03/10/2025

Property Details

Bedrooms
1
Type
Detached house
Area
968 sqft

Description

This former restaurant located in a prime High Street spot presents a unique investment opportunity, boasting substantial renovation potential. Already undergoing some refurbishments, the property lays a solid groundwork for its next owner to customize the premises to their specific vision. The flexible layout includes a spacious reception area that can serve various purposes, leading into a generous conservatory-style space featuring polycarbonate roofing that floods the area with natural light. Additional spaces include a cloakroom, storage area, and an upstairs reception room, further enhancing the versatility of this property. With its advantageous town centre location and off-road parking available, this site is ideal for reestablishment as a restaurant or café or conversion into residential units (subject to planning permissions). Investors will find ample potential here to add value through completion of ongoing renovations and creative redevelopment ideas.

Investment Analysis

(PE12 area)

Below Market Value

This property is priced -66.0% below area average per sq ft

-66.0%
Potential saving
This Property
£77/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£242,348
10% above area average per sq ft
Potential ROI
+93.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE12)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -4.7%
5 year growth: +16.1%
Investment Disclaimer: Analysis based on PE12 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

High Street, Holbeach
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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
£270
Based on a loan of £56,246 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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