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Pennygate, Spalding, Lincolnshire, PE11

East of England

£299,995
Listed on 06/11/2025

Property Details

Bedrooms
5
Type
Detached
Area
2080 sqft

Description

Located in the vibrant town of Spalding, this generously sized five-bedroom detached family residence spans over 2000 square feet and sits on a substantial plot of approximately 0.23 acres (sts). This property presents an excellent canvas for renovation enthusiasts looking to create a personalized living space. With ample internal and external dimensions, it's perfectly suited for families eager to design their ideal home in a desirable area. Internally, the layout boasts versatility with a welcoming entrance hallway that flows into spacious living areas. The expansive open-plan lounge and dining space offers potential for modern entertaining while the well-sized kitchen invites reimagining into a contemporary kitchen/diner setup. Additional features such as a separate office and playroom enhance adaptability for various family needs or work-from-home scenarios. The upper floor accommodates five generously sized bedrooms, ensuring comfort for all family members along with a full family bathroom. Outdoors, the enclosed rear garden not only promises opportunities for landscaping but also provides ample space for outdoor activities, complemented by a front driveway capable of accommodating multiple vehicles. This property is not just about size; it’s about seizing an opportunity to add significant value through thoughtful renovations and modern touches. Viewing is highly recommended to grasp the full extent of its potential.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -33.0% below area average per sq ft

-33.0%
Potential saving
This Property
£144/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£204
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£492,606
10% above area average per sq ft
Potential ROI
+29.6%
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

Pennygate, Spalding, Lincolnshire, PE11
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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
£1,063
Based on a loan of £224,996 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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