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Holly House, Main Road, Deeping St. Nicholas, Spalding, Lincolnshire - Image 1
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Holly House, Main Road, Deeping St. Nicholas, Spalding, Lincolnshire

East of England

£355,000

Listed on 22/07/2026

Property details

Bedrooms
N/A
Type
Detached
Area
1658 sqft

Description

This impressive five-bedroom detached home, set within a spacious plot, presents a valuable opportunity for renovation and enhancement. Located in the sought-after village of Deeping St. Nicholas, this property is ideal for buyers looking to create their dream family home with ample potential for modernisation, expansion, or even the establishment of a self-contained annexe (pending the necessary planning approvals). The property boasts a generous driveway that accommodates multiple vehicles, including space for larger vehicles such as motorhomes or boats. The expansive rear garden provides an excellent canvas for family activities and future development opportunities. Internally, the flexible layout includes a large lounge/dining area, kitchen with breakfast nook, utility room, and a bedroom with en-suite on the ground floor. This arrangement is particularly well-suited to developing an annexe for extended family or guests. The first floor features four additional bedrooms along with a family bathroom, catering well to growing families. While the property requires modernisation throughout, it offers significant potential for those willing to invest time and resources into updating and reconfiguring the living spaces. Whether your goal is to renovate entirely or to extend and tailor the home to your family's needs, this property's scope and layout provide endless possibilities - subject to acquiring relevant planning permissions. With convenient access to key roadways leading to Spalding, Market Deeping, and Peterborough, it combines rural charm with commuter convenience.

Investment analysis

(PE11 area)

Below Market Value

This property is priced -0.3% below area average per sq ft

-0.3%
Potential saving
This Property
£214/sq ft
Area Average
£215/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.1%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£40,000 - £60,000
Target Value
£391,843
10% above area average per sq ft
Potential ROI
-5.6%
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

Holly House, Main Road, Deeping St. Nicholas, Spalding, Lincolnshire
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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
£1,341
Based on a loan of £266,250 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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