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School Lane, Lutton, SPALDING

East of England

£90,000
Listed on 27/04/2026

Property Details

Bedrooms
3
Type
Character Property

Description

This detached three-bedroom cottage, nestled in the tranquil village of Lutton, presents a compelling opportunity for those looking to invest in renovation. At approximately two miles from Long Sutton, the property is positioned in a desirable location that offers potential for significant value enhancement. Currently requiring comprehensive renovations throughout, including possible structural work, it provides a blank canvas for creative investors and developers. The layout includes an entrance hall, lounge, dining room, kitchen, utility area, and coal store on the ground floor. The upper level features three bedrooms and a bathroom. Outside, the property boasts a wraparound garden and a driveway leading to a garage. A Hazard Awareness Notice by the local council signals the need for careful consideration regarding its condition; detailed documentation is available in the legal pack. This cottage's unique charm and investment potential make it well worth exploring.

Investment Analysis

(PE12 area)
Area Average
£228/sq ft
Avg Rent (weekly)
£206
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
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
7%
Properties sold annually

Local Market Trend (PE12)

Area prices are falling by -3.2% over the last 12 months
3 year growth: -7.1%
5 year growth: +12.6%
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

School Lane, Lutton, SPALDING
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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
£319
Based on a loan of £67,500 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.

Stamp Duty Calculator

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