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The Crescent, Spalding, PE11 1AF

East of England

£180,000
Listed on 12/01/2026

Property Details

Bedrooms
N/A
Type
Detached house
Area
2067 sqft

Description

This semi-detached brick and slate property is located in a prominent area of Spalding, providing an excellent opportunity for investors and developers. Historically operated as a Chinese restaurant for the last three decades, the premises includes extensive kitchen facilities, storage areas in the basement, and diverse accommodation on both ground and first floors. The building has potential for repurposing into residential units, subject to obtaining appropriate planning permissions from South Holland District Council. With its existing configurations, including a manager’s flat possibility on the first floor and an attic space currently used for storage, there is ample scope for transformation to meet modern living standards. Additionally, all furniture and equipment can be negotiated separately, allowing prospective buyers flexibility in their redevelopment plans. The property’s position near local amenities adds further value to its investment potential.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -60.3% below area average per sq ft

-60.3%
Potential saving
This Property
£87/sq ft
Area Average
£220/sq ft
Avg Rent (weekly)
£202
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£40,000 - £70,000
Target Value
£499,191
10% above area average per sq ft
Potential ROI
+99.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
42
Average per month
Market Turnover
24%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by +4.3% over the last 12 months
3 year growth: -4.0%
5 year growth: 14.4%
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

The Crescent, Spalding, PE11 1AF
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£659
Based on a loan of £135,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE