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Pennygate, Spalding

East of England

£170,000
Listed on 11/03/2026

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1134 sqft

Description

Located on Pennygate, this three-bedroom semi-detached property presents a compelling opportunity for those looking to invest in a renovation project in a desirable family-friendly area. The home boasts a generous layout, including an upstairs bathroom, off-road parking, and a sizable rear garden—an attractive feature for families or anyone who appreciates outdoor living. While the interior requires some cosmetic updates, it offers significant potential to modernise and increase its overall value. Close proximity to local parks and reputable schools enhances its appeal for family living. The entrance hall welcomes you with a PVC double glazed door leading into the lounge/diner, which features ample natural light from both front and rear windows. The kitchen is equipped with fitted units and provides access to a convenient rear porch that opens to the garden. Upstairs are three bedrooms and a compact bathroom that could benefit from redesigning. Outside, the gravel driveway accommodates off-road parking while the back garden includes established landscaping with space for improvements. Additionally, there’s a garage providing extra storage or potential workshop space. This property stands as a promising canvas for buyers eager to create their ideal home.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -30.9% below area average per sq ft

-30.9%
Potential saving
This Property
£150/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£12,000 - £20,000
Target Value
£270,811
10% above area average per sq ft
Potential ROI
+42.5%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
49
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -4.9% over the last 12 months
3 year growth: -4.0%
5 year growth: +12.5%
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

Pennygate, 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
£613
Based on a loan of £127,500 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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