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Westminster Drive, Spalding

East of England

£180,000
Listed on 03/02/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1127 sqft

Description

This semi-detached bungalow presents a promising renovation prospect for both investors and first-time buyers eager to undertake a project. The property is in need of complete modernisation, yet it features a spacious and adaptable layout with three bedrooms and several reception areas, offering flexibility for future use. The exterior of the property boasts ample off-road parking at the front, a single garage, and a secluded rear garden that's perfect for outdoor activities. The garden includes an established allotment space that has successfully supported fruit and vegetable growth over the years but could be transformed back into a lawn if preferred. With significant potential for enhancement and value addition, this bungalow is an ideal candidate for those looking to create a tailored living space or investment opportunity. Upon entry, the floor plan offers various possibilities with an entrance hall leading to an inner hallway that connects all principal rooms. The generous lounge at the front features a box bay window, flooding the space with natural light. An open-plan dining area merges seamlessly with the kitchen, which benefits from dual aspect windows that create a bright atmosphere and provide access to the outdoor space. The three bedrooms cater to diverse needs; one spacious double bedroom overlooks the rear garden, while another room can easily serve as an office or hobby space due to its size. Additionally, the second bedroom/sitting room features sliding doors for multifunctionality, making it suitable as extra living space or guest accommodation. The bathroom includes practical ventilation through a side window, while connecting hallways enhance accessibility throughout this single-level home. Overall, although requiring substantial updates, this property’s generous characteristics—effective parking solutions, garage inclusions, and productive garden areas—illustrate its strong potential as a comfortable home or investment within this sought-after location.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -26.8% below area average per sq ft

-26.8%
Potential saving
This Property
£160/sq ft
Area Average
£218/sq ft
Avg Rent (weekly)
£203
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£270,379
10% above area average per sq ft
Potential ROI
+17.6%
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

Westminster Drive, Spalding
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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
£649
Based on a loan of £135,000 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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