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Station Road, Little Steeping, Spilsby

East of England

£230,000

Listed on 09/07/2026

Property details

Bedrooms
2
Type
Detached
Area
1078 sqft

Description

This rural country cottage presents a unique investment opportunity, set on approximately 2.62 acres of land with no immediate neighbors. The property features mature gardens alongside a market garden and around two acres of grazing land. It also includes a variety of outbuildings, such as block built stables, a pole barn, and poultry shed, all of which are in varying states of repair. Inside, the cottage offers two reception rooms, a kitchen with utility space, a sun room, and two bedrooms. While there are visible signs of structural issues like cracking and uneven floors that will require attention, the recent installation of an LPG combination central heating boiler (2024) highlights that some modern updates have been made. This property is well-positioned near a quaint rural village with convenient access to main roads and comes with no onward chain, making it ripe for renovation or redevelopment.

Investment analysis

(PE23 area)

Below Market Value

This property is priced -5.7% below area average per sq ft

-5.7%
Potential saving
This Property
£213/sq ft
Area Average
£226/sq ft

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £100,000
Target Value
£268,347
10% above area average per sq ft
Potential ROI
-18.7%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
9
Average per month
Market Turnover
7%
Properties sold annually

Local Market Trend (PE23)

Area prices are falling by -7.9% over the last 12 months
3 year growth: -1.1%
5 year growth: -1.2%
Investment Disclaimer: Analysis based on PE23 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

Station Road, Little Steeping, Spilsby
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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
£869
Based on a loan of £172,500 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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