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24 Peak Hill, Cowbit, Spalding, Lincolnshire, PE12

East of England

£650,000

Listed on 18/05/2026

Property Details

Bedrooms
4
Type
Detached

Description

Nestled within approximately six and a half acres of picturesque land, this four-bedroom detached farmhouse presents an exciting opportunity for those looking to invest in a semi-rural lifestyle. With numerous outbuildings and expansive grounds, the property is ripe for development and offers versatility for equestrian use, smallholding aspirations, or simply as a retreat from urban life. The farmhouse itself combines traditional charm with practical living spaces, providing ample room for families. The generous layout includes spacious reception areas, four well-sized bedrooms, and lovely views over the surrounding countryside. Notably, planning permission has been secured for an additional detached dwelling on part of the land (reference number H01-0593-25), enhancing its investment potential further. Externally, the property boasts significant outbuildings including a large agricultural shed and several barns that could serve various purposes — whether for storage, workshops, or conversion opportunities (subject to consent). The land offers grazing options, mature woodland areas, and plenty of outdoor space perfect for recreational activities or future development projects. A private entrance adds to the property's appeal while ensuring a peaceful environment that remains conveniently close to local amenities and transport links.

Investment Analysis

(PE12 area)
Area Average
£229/sq ft
Avg Rent (weekly)
£202
Avg Yield
3.7%

Renovation Potential

Medium 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
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

24 Peak Hill, Cowbit, 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
£2,319
Based on a loan of £487,500 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.

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