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East Gate, Whaplode, Spalding, Lincolnshire, PE12

East of England

£150,000
Listed on 14/05/2026

Property Details

Bedrooms
2
Type
Bungalow
Area
1395 sqft

Description

Nestled within the village of Whaplode, this two-bedroom detached bungalow presents a significant opportunity for buyers seeking a comprehensive renovation project or an investment venture. The property is in need of modernization throughout, offering ample living space that can be adapted to meet personal preferences and needs. The layout includes an entrance hallway, a lounge, a breakfast kitchen, two generously-sized double bedrooms, and a bathroom. Outside, off-road parking is available at the front, while the rear features a spacious garden primarily laid to lawn, providing plenty of outdoor potential. This home is particularly suited for investors or developers looking to capitalize on a property in a desirable village setting. Note: The sale is subject to a Grant of Representation (Probate), which has been applied for but not yet granted.

Investment Analysis

(PE12 area)

Below Market Value

This property is priced -53.0% below area average per sq ft

-53.0%
Potential saving
This Property
£108/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.7%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£350,940
10% above area average per sq ft
Potential ROI
+67.1%
After renovation
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
8%
Properties sold annually

Local Market Trend (PE12)

Area prices are falling by -4.3% over the last 12 months
3 year growth: -7.0%
5 year growth: +10.7%
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

East Gate, Whaplode, Spalding, Lincolnshire, PE12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.97%

Current average variable rate is 6.59%

Monthly Repayments
£535
Based on a loan of £112,500 over 30 years at 3.97% 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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