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Toynton St Peter, Spilsby, PE23 - Image 1
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Toynton St Peter, Spilsby, PE23 - Image 8
Toynton St Peter, Spilsby, PE23 - Image 9

Toynton St Peter, Spilsby, PE23

East of England

£150,000
Listed on 05/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
901 sqft

Description

This bungalow, set on a generous plot of approximately 1/5 of an acre in the semi-rural village of Toynton St. Peter, presents a compelling opportunity for renovation. Located just three miles from the bustling market town of Spilsby, this property offers access to essential amenities including schools, shops, and healthcare facilities while maintaining a tranquil atmosphere surrounded by nature. Although the home requires significant modernization, it features essential spaces such as a hallway, lounge, kitchen, three bedrooms, and separate WC and bathroom. The double-glazed windows enhance natural light throughout the space. The oil central heating system is currently non-functional and will need attention. Outside, there are gardens at both the front and back, plus a driveway leading to an attached garage that requires some repairs as well. This property’s advantageous location at the foot of the Lincolnshire Wolds provides stunning views and numerous outdoor activities right on your doorstep. With its potential for refurbishment, it could become an ideal family residence or an investment opportunity in a desirable area.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -24.8% below area average per sq ft

-24.8%
Potential saving
This Property
£166/sq ft
Area Average
£221/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £40,000
Target Value
£219,430
10% above area average per sq ft
Potential ROI
+15.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
8
Average per month
Market Turnover
35%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -3.9% over the last 12 months
3 year growth: -8.2%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on PE23 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

Toynton St Peter, Spilsby, PE23
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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
£541
Based on a loan of £112,500 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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