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Casterton Road, Stamford, PE9 2YL - Image 1
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Casterton Road, Stamford, PE9 2YL

East of England

£530,000
Listed on 05/02/2026

Property Details

Bedrooms
3
Type
Detached house
Area
1318 sqft

Description

This spacious detached bungalow, set in a slightly elevated position near Stamford Town Centre, presents an exciting opportunity for potential investors or those seeking to create their dream home. Built in the late 1960s, the property features a well-thought-out layout with 3 generous bedrooms, including built-in wardrobes and a vanity unit. The welcoming reception hall offers ample storage, and the living spaces consist of a bright lounge that flows into a dining area, all benefiting from recent updates such as a new gas central heating boiler, modern refitted kitchen with built-in appliances, and double-glazed windows throughout. The highlight is the expansive loft room, measuring approximately 1300 sqft (120 sqm), which is partly boarded and could be transformed into additional living space or bedrooms, pending planning approval. This flexibility enhances its investment potential significantly. Outside, the property includes off-road parking leading to a detached double garage with eaves storage and workshop area. The private rear garden features terraced sections with patio areas and raised beds, providing tranquil outdoor spaces. This home not only offers comfortable accommodation but also significant scope for renovation and expansion to cater to future needs.

Investment Analysis

(PE9 area)

Above Market Value

This property is priced +17.6% above area average per sq ft

+17.6%
This Property
£402/sq ft
Area Average
£342/sq ft
Avg Rent (weekly)
£258
Avg Yield
3.5%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£495,904
10% above area average per sq ft
Potential ROI
-14.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
34
Average per month
Market Turnover
22%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by -5.4% over the last 12 months
3 year growth: -6.4%
5 year growth: +9.1%
Investment Disclaimer: Analysis based on PE9 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

Casterton Road, Stamford, PE9 2YL
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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
£1,912
Based on a loan of £397,500 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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