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Hawthorn Bank, SPALDING

East of England

£120,000

Listed on 29/09/2026

The listing

Property details

Bedrooms
2
Type
Terraced
Area
796 sqft

Description

This terraced house in Spalding presents a promising opportunity for those looking to invest or create their ideal home. The property is situated in a convenient town location, close to local amenities, schools, and transport links. While it requires updating and modernisation, the potential for improvement is significant. The ground floor features a lounge and a separate dining room, along with a kitchen equipped with essential units and space for appliances. The first floor comprises two bedrooms and a family bathroom that includes both a bath and a separate shower enclosure. The generously sized rear garden is ripe for cultivation, offering ample space for outdoor relaxation and entertainment. Viewing is highly recommended to appreciate the potential this property has to offer.

WHOTS analysis

Our WHOTS verdict

An internal assessment of the opportunity to acquire, improve and create value.

63out of 100
Grade CPotential opportunity

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.

Key opportunities

  • Significant potential for modernization throughout the property.
  • Large rear garden that can be cultivated into an attractive outdoor space.
  • Affordable entry price provides a strong foundation for investment.

Key risks

  • General wear observed throughout, which may necessitate a thorough refurbishment.

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Map

Location

Hawthorn Bank, SPALDING
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Finance

Mortgage calculator

Illustrative repayments based on the asking price, not a mortgage offer.

£
£
£
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years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£453
Based on a loan of £90,000 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.

Tax

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