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Damgate Road, Holbeach, Spalding

East of England

£425,000

Listed on 22/05/2026

Property Details

Bedrooms
3
Type
Bungalow

Description

This three-bedroom detached bungalow is set on approximately 2.89 acres of picturesque rural land near Holbeach, Spalding, Lincolnshire. The property is ripe for modernization and offers investors and families a solid foundation to create a personalized living space while also presenting potential development opportunities, pending local authority approval. Notably, there is an existing barn at the rear with planning permission for conversion from agricultural use to a dwelling (ref: H09-1184-25), which could enhance the property's value and functionality. Internally, the layout includes three bedrooms, a kitchen diner, a utility room, and a spacious double-aspect lounge that benefits from ample natural light. While current fixtures may require updating, this provides an ideal scenario for customization according to individual preferences or modern standards. The bungalow features practical amenities including a single garage and generous parking space. Holbeach is a vibrant locale offering essential services like supermarkets and local shops, along with educational facilities for all ages. For broader retail options, Spalding is just a short drive away. Transportation links are convenient with the A17 facilitating access to wider destinations such as King’s Lynn and Newark; additionally, Spalding railway station connects residents to Peterborough and provides fast routes toward London. The expansive grounds offer not only scenic views but also opportunities for outdoor pursuits such as walking and cycling in the beautiful Lincolnshire countryside. This property stands as an excellent investment opportunity with prospects for both personal enhancement and development.

Investment Analysis

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

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
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

Damgate Road, Holbeach, 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
£1,516
Based on a loan of £318,750 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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