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East of England
£120,000
Listed on 29/09/2026
Listed on 29/09/2026
The listing
WHOTS analysis
An internal assessment of the opportunity to acquire, improve and create value.
Confidence: MEDIUM
This terraced house in Spalding presents an enticing opportunity for those looking to invest in a property with significant potential for improvement. Priced at £120,000, it stands out as a bargain at £151/sqf, notably below the local average of £215/sqf, making it an excellent entry point for buyers seeking to add value through renovation.
While the property shows signs of wear throughout, including dated interiors in the living areas and bedrooms, these elements provide a blank canvas for creative updates. The kitchen and bathroom, though average, are functional and can be modernized to enhance the overall appeal. The large garden, currently in poor condition, offers ample space for cultivation, allowing for the creation of an inviting outdoor area. With a renovation budget estimated between £30,000 and £60,000, this project is well-positioned to yield substantial returns while transforming the home into a stylish living space.
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Finance
Illustrative repayments based on the asking price, not a mortgage offer.
Current average 2-year fixed rate is 4.45%
Current average variable rate is 6.60%
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.
Tax
Indicative tax based on the asking price and the options you select.
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