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Bourne Road, Spalding

East of England

£130,000

Listed on 20/05/2026

Property Details

Bedrooms
2
Type
End Of Terrace
Area
719 sqft

Description

This charming two-bedroom end-of-terrace property embodies the potential for both personalisation and investment in a sought-after area of Spalding. The accommodation features characterful elements including a cozy lounge that seamlessly connects to a dining area, presenting versatile living space ideal for gatherings or relaxation. A fitted kitchen with ample cabinetry, utility room, and rear lobby enhance the practicality of the ground floor. On the first floor, you will find two bedrooms accompanied by a family bathroom, presenting an excellent opportunity to modernise these spaces according to your vision. The generous rear garden provides additional outdoor potential, whether for landscaping or leisure. Positioned conveniently near local amenities, schools, and transport links, this property is ripe for renovation and could serve as an attractive first-time purchase or buy-to-let investment.

Investment Analysis

(PE11 area)

Below Market Value

This property is priced -16.2% below area average per sq ft

-16.2%
Potential saving
This Property
£181/sq ft
Area Average
£216/sq ft
Avg Rent (weekly)
£207
Avg Yield
4.2%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£170,716
10% above area average per sq ft
Potential ROI
+10.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
59
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -8.1% over the last 12 months
3 year growth: -5.8%
5 year growth: +7.2%
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

Bourne Road, Spalding
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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
£464
Based on a loan of £97,500 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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