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South-Eau Bank, Spalding, PE12

East of England

£190,000
Listed on 12/03/2026

Property Details

Bedrooms
2
Type
Detached house
Area
704 sqft

Description

This two-bedroom detached property presents a valuable opportunity for those looking to invest in a countryside retreat with significant renovation potential. Nestled in a serene rural area, the home comprises two spacious double bedrooms, two reception rooms, and a generously sized kitchen, complemented by a convenient ground floor shower room and sun room. The expansive garden offers stunning views of the surrounding countryside, while the ample multi-vehicle driveway enhances accessibility. Although well presented, the property could benefit from modern updates, providing an ideal canvas for personal customization. Additionally, with no onward chain and potential for development (subject to relevant planning permissions), this property is suitable for families, investors, and landlords alike. Its location provides excellent transport links into Peterborough and beyond via the B1166.

Investment Analysis

(PE12 area)

Above Market Value

This property is priced +18.6% above area average per sq ft

+18.6%
This Property
£270/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£20,000 - £35,000
Target Value
£176,253
10% above area average per sq ft
Potential ROI
-21.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
36%
Properties sold annually

Local Market Trend (PE12)

Area prices are stable by -1.0% over the last 12 months
3 year growth: -4.7%
5 year growth: +16.1%
Investment Disclaimer: Analysis based on PE12 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

South-Eau Bank, Spalding, PE12
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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
£685
Based on a loan of £142,500 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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