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Pennygate, Spalding, Lincolnshire, PE11

East of England

£280,000
Listed on 10/11/2025

Property Details

Bedrooms
5
Type
Detached house
Area
2080 sqft

Description

This spacious detached family home in the center of Spalding offers a unique opportunity for those interested in renovation and investment. With over 2000 square feet of internal living space and set on a generous plot of approximately 0.23 acres, this property is well-suited for families looking to create their dream home or investors aiming to add value. The layout features a welcoming entrance hallway that leads to an open-plan lounge and dining area, which serves as a versatile space for both relaxation and social gatherings. The kitchen is sizable, presenting an excellent canvas for modernization, with potential for transformation into a contemporary kitchen/diner. Additional rooms include a separate office and playroom that can easily adapt to various needs, whether for work-from-home setups or children's activities. Upstairs, the house offers five well-proportioned bedrooms, accommodating family members comfortably, along with a family bathroom. Each bedroom provides ample space and light, allowing for personal touches that reflect individual styles. Externally, the property boasts an enclosed rear garden with plenty of potential for landscaping or future extensions (subject to planning permission). The front driveway ensures convenient off-road parking alongside access to the garage, catering to multiple vehicles. Situated in a desirable location close to local amenities and transport links, this property holds significant renovation potential. Its size and layout offer numerous possibilities for customization, making it an appealing prospect for buyers looking to invest in a property that they can update according to their preferences. Viewing is encouraged to fully appreciate the scope of renovation possibilities this home presents.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -38.7% below area average per sq ft

-38.7%
Potential saving
This Property
£135/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£502,559
10% above area average per sq ft
Potential ROI
+39.6%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
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

Pennygate, Spalding, Lincolnshire, PE11
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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
£1,026
Based on a loan of £210,000 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