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Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 1
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 2
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 3
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 4
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 5
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 6
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 7
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 8
Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG - Image 9

Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG

East of England

£250,000
Listed on 03/10/2025

Property Details

Bedrooms
N/A
Type
Detached house

Description

This property presents a notable opportunity for a barn conversion situated on the south side of Cade Drove, near Gedney in Lincolnshire. Spanning 0.58 hectares (1.44 acres), the site includes an agricultural building that has received Prior Approval for transformation into two residential units, along with an adjoining parcel of land designated for gardens, driveways, and parking associated with the conversion project. The structure is primarily made from red brick and steel, featuring corrugated sheet cladding that may contain asbestos cement material, necessitating careful handling during renovations. Comprehensive planning approvals have been granted to enhance biodiversity on-site through landscaping initiatives. The property is well-positioned for development given its access via a farm track and proximity to significant local amenities. Potential buyers can also explore additional land parcels nearby, adding flexibility to development plans. With the right vision and investment, this site has the potential to be transformed into modern dwellings while respecting its agricultural heritage—making it an ideal project for those looking to invest in a burgeoning market.

Investment Analysis

(PE12 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£80,000 - £120,000
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

Barn Off Cade Drove, Gedney Broadgate, Spalding, Lincolnshire, PE12 0DG
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Mortgage Calculator

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£
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years

Current average 2-year fixed rate is 4.06%

Current average variable rate is 6.81%

Monthly Repayments
£902
Based on a loan of £187,500 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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