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Damgate Road, Holbeach, Spalding

East of England

£250,000

Listed on 30/06/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1264 sqft

Description

Situated in a tranquil rural setting on Damgate Road, this extended detached bungalow spans approximately 2.89 acres, including an additional paddock or field. The property is characterized by open views of the countryside and presents a significant opportunity for modernization throughout, making it ideal for investors and those looking to enhance their living space. Notably, it comes with a detached barn/storage building that has secured planning permission for conversion into a two-bedroom bungalow, allowing for potential resale, multi-generational accommodation, or rental income. The existing bungalow features three bedrooms, two reception areas with a double-aspect lounge, a kitchen diner, utility room, and bathroom. Outside space includes a single garage and ample off-street parking alongside diverse outdoor areas suitable for various uses. Located close to the amenities of Holbeach and within easy reach of major transport links via the A17 and nearby Spalding rail services to Peterborough, this property combines rural charm with practical accessibility. Offered with no onward chain, it represents an exciting prospect for builders and developers alike.

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Investment analysis

(PE12 area)

Below Market Value

This property is priced -13.1% below area average per sq ft

-13.1%
Potential saving
This Property
£198/sq ft
Area Average
£228/sq ft
Avg Rent (weekly)
£204
Avg Yield
3.8%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£50,000 - £80,000
Target Value
£316,525
10% above area average per sq ft
Potential ROI
-4.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
41
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE12)

Area prices are stable by -1.1% over the last 12 months
3 year growth: -3.7%
5 year growth: +9.9%
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 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£944
Based on a loan of £187,500 over 30 years at 4.45% 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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