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St Thomas Road, Spalding

East of England

£400,000
Listed on 15/01/2026

Property Details

Bedrooms
4
Type
Detached house

Description

This Victorian property presents a unique investment opportunity, set within walking distance to the town centre and scenic riverfront. While the home has been lovingly restored, there remains potential for enhancement, especially in maximising the generous outdoor space and multiple reception areas. With four spacious double bedrooms, including a master suite featuring a boutique-style en-suite with a freestanding bath, this house offers both charm and functionality. The grand entrance with original features such as stained glass adds character to an already appealing structure. The well-lit kitchen/diner at the rear is designed for entertaining but could be further extended or modified to enhance its usability. The extensive garden is an excellent blank canvas for anyone looking to create their own oasis or even add additional structures or features in line with the previously lapsed planning permissions for extensions. The high ceilings and period details throughout provide a solid foundation for any future renovations aimed at preserving its historic essence while modernising where necessary. This property’s location in Spalding—close to schools and local amenities—adds to its value as a family home or rental investment. In summary, this home blends historic charm with modern living but leaves room for personal touches and improvements.

Investment Analysis

(PE11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £75,000
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
24%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -4.0%
5 year growth: 14.4%
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

St Thomas Road, Spalding
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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
£1,465
Based on a loan of £300,000 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