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Pilgrims Way, Spalding, Lincolnshire - Image 1
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Pilgrims Way, Spalding, Lincolnshire

East of England

£190,000
Listed on 04/10/2025

Property Details

Bedrooms
4
Type
Detached house

Description

This linked detached house presents a noteworthy opportunity for renovation within a well-established neighborhood in Spalding. With four spacious bedrooms, the property offers significant potential for buyers looking to invest in a family home that requires modernization. The ground floor features a lobby leading to separate living spaces, including a sizable lounge with front-facing views and a dining area that connects to a conservatory overlooking the rear garden. The kitchen provides additional access to this outdoor space, which could be transformed into an inviting garden retreat. A convenient WC is located near the staircase, which leads up to the first floor. On the upper level, the accommodation includes four generously sized bedrooms, two of which offer views of the front of the property while the other two overlook the rear garden. The family bathroom completes this level and presents further scope for updating to modern standards. Outside, the property boasts a tarmac driveway that allows for ample off-road parking and access to a garage. The front garden is laid to lawn while the rear garden holds great potential for landscaping or creating relaxation areas. Located just a short distance from Spalding's town center, residents will benefit from easy access to local amenities including shops, dining options, schools, healthcare facilities, and recreational areas. The nearby River Welland adds to the charm of this community and enhances its appeal for families and individuals alike. With its solid structure and prime location, this property represents an excellent investment opportunity for those willing to undertake renovations and updates.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£45,000 - £70,000
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

Pilgrims Way, Spalding, Lincolnshire
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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
£696
Based on a loan of £142,500 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