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Mallards Reach, Donington, Spalding

East of England

£240,000

Listed on 06/07/2026

Property details

Bedrooms
3
Type
Detached
Area
1481 sqft

Description

This chain-free three-bedroom detached property offers significant investment potential in a desirable residential area. While the home has been well-maintained over the years, it presents an opportunity for new owners to modernise the interiors and tailor them to their personal style. The spacious layout includes a welcoming entrance hall leading into a bright lounge that seamlessly connects to the dining room, making it perfect for family living and entertaining. The kitchen overlooks the rear garden, complemented by a pantry that enhances storage options. A functional rear hallway provides access to a utility room, downstairs WC, and integral garage, adding convenience to daily living. Upstairs are three well-sized bedrooms, including a generous principal bedroom and a versatile third bedroom suitable for various uses such as an office or nursery. The family bathroom and additional storage complete this floor. Externally, the large driveway ensures ample parking space and leads directly to the garage. The enclosed rear garden features a lawn and patio area, ideal for relaxation or gatherings. Although some cosmetic updates are needed, this property stands out as an exceptional opportunity for buyers looking to create their dream home without undertaking structural alterations.

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Investment analysis

(PE11 area)

Below Market Value

This property is priced -24.6% below area average per sq ft

-24.6%
Potential saving
This Property
£162/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£15,000 - £25,000
Target Value
£350,012
10% above area average per sq ft
Potential ROI
+32.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -5.3% over the last 12 months
3 year growth: -7.3%
5 year growth: +5.8%
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

Mallards Reach, Donington, 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
£907
Based on a loan of £180,000 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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