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Main Road, West Keal, SPILSBY

East of England

£375,000
Listed on 13/02/2026

Property Details

Bedrooms
4
Type
Detached house
Area
2053 sqft

Description

This versatile detached bungalow, featuring four spacious bedrooms and a separate annex previously functioning as a café, is an exceptional opportunity for those looking for renovation potential. Nestled on a substantial plot with generous gardens and extensive parking options, this property offers room for creativity and investment. The main bungalow is well-kept and ready for immediate occupancy, with ample living space including a welcoming lounge, modern kitchen with utility room, dedicated office space, and contemporary bathroom facilities. The detached annex boasts its own entrance and includes an open-plan kitchen-dining area along with multiple WC facilities. This space holds significant potential to be transformed back into a café or adapted for various purposes such as guest accommodation or a home office, subject to necessary permissions. The expansive grounds can accommodate further development possibilities (subject to planning permissions), making this property ideal for families or investors seeking to capitalize on its flexible layout. Situated conveniently near Spilsby town center with easy access to local amenities and transport links, this property offers both peace and practicality.

Investment Analysis

(PE23 area)

Below Market Value

This property is priced -17.5% below area average per sq ft

-17.5%
Potential saving
This Property
£183/sq ft
Area Average
£221/sq ft

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£499,988
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
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

Main Road, West Keal, SPILSBY
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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
£1,352
Based on a loan of £281,250 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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