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Spalding

East of England

£525,000
Listed on 28/02/2026

Property Details

Bedrooms
4
Type
Town House
Area
2637 sqft

Description

This historic four-bedroom residence, located in the market town of Spalding, offers a wealth of potential for renovation and investment. With its origins dating back 200 years, this unlisted property showcases an abundance of character through its period features and abundant natural light. A standout aspect is the expansive basement, which mirrors the footprint of the main house and holds the promise for conversion into a self-contained annex (subject to planning permission). The charming garden and separate coach house further enhance the possibilities for personalisation or even rental income. The front entrance is flanked by beautifully wrought iron railings, leading into a home that has both traditional and unique elements; from the eye-catching floor-to-ceiling bay windows to intricate Georgian details. Inside, the grand hallway introduces you to spacious reception rooms filled with historical charm, while the kitchen boasts handcrafted cabinetry paired with modern comforts. The upstairs layout, featuring three generous double bedrooms alongside a smaller room currently utilised as a dressing area, provides ample living space. Notably, two bedrooms offer stunning views of the River Welland. Outside, both the coach house and garden present opportunities for additional parking or storage solutions alongside tranquil outdoor living areas fully enclosed by character-rich walls. This property awaits an investor with vision to rejuvenate it into a remarkable family home or profitable venture.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -7.5% below area average per sq ft

-7.5%
Potential saving
This Property
£199/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£204
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£60,000 - £90,000
Target Value
£624,521
10% above area average per sq ft
Potential ROI
+1.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
55
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -9.0% over the last 12 months
3 year growth: -6.7%
5 year growth: +7.9%
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

Spalding
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,859
Based on a loan of £393,750 over 30 years at 3.91% 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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