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Pennygate, Spalding

East of England

£175,000
Listed on 16/03/2026

Property Details

Bedrooms
2
Type
Detached Bungalow
Area
668 sqft

Description

Situated within close proximity to Spalding town centre, this detached bungalow presents an attractive opportunity for renovation and investment. The layout features two bedrooms, a lounge with a fireplace, and a kitchen that offers potential for modernization, making it an ideal canvas for those looking to infuse their personal style. The bathrooms and living spaces are functional yet could benefit from contemporary updates. The rear garden is mostly gravelled with flower beds, which can be developed into a more vibrant outdoor space. With local amenities just a short walk away, this property appeals not just as a home but also as an investment opportunity in a sought-after area. Early viewings are encouraged to explore the potential of this property.

Investment Analysis

(PE11 area)

Above Market Value

This property is priced +20.7% above area average per sq ft

+20.7%
This Property
£262/sq ft
Area Average
£217/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£159,525
10% above area average per sq ft
Potential ROI
-20.2%
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
£631
Based on a loan of £131,250 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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