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North Road, Spalding, PE12

East of England

£650,000
Listed on 03/02/2026

Property Details

Bedrooms
3
Type
Detached house

Description

This charming cottage boasts gated access and a spacious driveway, nestled within an expansive plot with picturesque countryside vistas. Upon entry, the kitchen showcases characterful features such as exposed beams and brickwork, illuminated by dual aspect windows that enhance its inviting ambiance. The adjoining dining room offers ample space for entertaining guests, while the roomy entrance hall creates a welcoming atmosphere throughout the home. Practicality is highlighted with a downstairs cloakroom featuring an additional shower, ideal for family life.<br><br>The lounge serves as a generous retreat centered around a cozy log burner, providing comfort and warmth. It seamlessly flows into a bright conservatory enriched by views of the garden, enhancing the home's character.<br><br>Ascending to the first floor, you’ll find a spacious landing leading to an impressive principal bedroom filled with natural light from its triple aspect windows. This room includes an ensuite bathroom equipped with both a bath and separate shower. Two further double bedrooms are also present; one conveniently connects to a Jack and Jill family bathroom that features a spa bath suitable for two adults as well as a large shower.<br><br>Outside, this property presents exciting investment potential with three outbuildings already holding planning permission for conversion. A substantial barn is available that can be transformed into a four to five-bedroom residence or used commercially, potentially generating around £30,000 annually. The smaller barn is approved for conversion into a two-bedroom holiday let—ideal for Airbnb opportunities—while the Nissan hut has planning consent for transformation into another residential dwelling.<br><br>Located in Gedney Hill, known for its community spirit and tranquil rural setting, this property also enjoys proximity to local amenities including schools rated 'Good' by Ofsted, shops, and recreational facilities such as the Gedney Hill Golf Club. With further land negotiable behind the outbuildings and easy access to market towns nearby, this home offers both versatility and long-term value.

Investment Analysis

(PE12 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.5%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£100,000 - £150,000
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
34%
Properties sold annually

Local Market Trend (PE12)

Area prices are stable by +0.1% over the last 12 months
3 year growth: -3.5%
5 year growth: +19.7%
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

North Road, Spalding, PE12
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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
£2,344
Based on a loan of £487,500 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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