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Drove Road, Shepeau Stow, Whaplode Drove, Spalding, PE12 - Image 1
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Drove Road, Shepeau Stow, Whaplode Drove, Spalding, PE12

East of England

£205,000
Listed on 16/03/2026

Property Details

Bedrooms
2
Type
Bungalow

Description

This detached two-bedroom bungalow is nestled on a generous plot in the tranquil hamlet of Shepeau Stow, presenting an intriguing opportunity for prospective buyers interested in renovation and development. While currently inhabitable, the property offers substantial potential to remodel or expand, depending on planning permissions. The interior features a spacious lounge that serves as a central living area alongside a separate dining room, both contributing to the versatility of the living space. The rear kitchen is complemented by a utility area, enhancing functionality while providing room for modernization. Two well-sized bedrooms and a family bathroom complete this layout, allowing for reconfiguration possibilities during any renovation efforts. The property's exterior is particularly noteworthy; it boasts a large garden with established boundaries that ensure privacy. There’s ample scope for landscaping or even the construction of additional structures, like garaging or outbuildings, again subject to permissions. With plenty of off-road parking available, this property caters well to any expansion ambitions. Located in Shepeau Stow, which offers a serene rural lifestyle while remaining within reach of essential amenities available in nearby Spalding and Crowland, this bungalow represents an exceptional chance to create a personalized home in a sought-after setting. Potential buyers should consider viewing to appreciate fully the extensive space and investment opportunities available here.

Investment Analysis

(PE12 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£193
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Drove Road, Shepeau Stow, Whaplode Drove, 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
£739
Based on a loan of £153,750 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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