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Pennygate, Spalding, Lincolnshire, PE11

East of England

£280,000
Listed on 31/12/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2080 sqft

Description

Located in a prime area of Spalding, this expansive detached five-bedroom home presents a unique opportunity for buyers eager to invest in renovation and customization. With over 2000 square feet of living space on a generous 0.23-acre plot, this residence is perfect for families looking to create their ideal living environment or those seeking a profitable project. The property features a versatile layout, including an open-plan lounge and dining area that can be transformed into an inviting entertainment space, along with a spacious kitchen that offers excellent potential for modernization. Additional rooms such as an office and playroom provide flexible options to cater to various needs. The upstairs holds five well-sized bedrooms and a family bathroom, ensuring ample accommodation for a growing family. Outside, the expansive rear garden invites creative landscaping ideas or even extensions (subject to planning), while the front driveway offers convenient off-road parking for multiple vehicles. This home's size and location make it ripe for value addition through thoughtful renovations.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -38.3% below area average per sq ft

-38.3%
Potential saving
This Property
£135/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£499,013
10% above area average per sq ft
Potential ROI
+38.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
33%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -3.9%
5 year growth: +12.6%
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

Pennygate, Spalding, Lincolnshire, PE11
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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
£1,010
Based on a loan of £210,000 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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