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Damgate Road, Holbeach, Spalding

East of England

£250,000Guide Price

Listed on 01/07/2026

Property details

Bedrooms
3
Type
Bungalow
Area
1264 sqft

Description

Situated amidst the tranquil countryside along Damgate Road in Holbeach, this extended detached bungalow presents a valuable opportunity for those looking to invest and modernize. Set on approximately 2.89 acres, which includes an additional paddock or field area, the property boasts sweeping rural views and carries significant potential for enhancement. Notably appealing to builders and developers, there is also a detached barn/storage building included in the sale that has received planning permission for conversion into a two-bedroom bungalow (planning reference H09-1184-25). This enables possibilities for resale, accommodating extended family, or generating rental income. The existing bungalow features flexible living arrangements with three bedrooms, dual reception rooms including a spacious double-aspect lounge, a kitchen diner complemented by a utility room and bathroom. Externally, the property provides ample off-street parking for multiple vehicles alongside a single garage and expansive outdoor space suitable for various uses. Holbeach offers essential shops, cafés, schools, and more, while nearby Spalding enhances access to further amenities. The property is conveniently located near the A17 and offers rail connections from Spalding to Peterborough and beyond. This listing is offered with no onward chain, making it an exciting prospect for those interested in renovation projects.

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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
£60,000 - £90,000
Target Value
£316,525
10% above area average per sq ft
Potential ROI
-6.9%
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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