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Risegate Road, Spalding, PE11 - Image 1
Risegate Road, Spalding, PE11 - Image 2
Risegate Road, Spalding, PE11 - Image 3

Risegate Road, Spalding, PE11

East of England

£230,000

Listed on 13/10/2026

The listing

Property details

Bedrooms
3
Type
Cottage

Features

  • Garden
  • Parking

Description

Dating from around 1824, this detached three-bedroom cottage in Gosberton Risegate combines period features with a range of useful living and ancillary spaces. The ground floor includes three reception rooms, with exposed brickwork, beams and fireplaces, including an open fire in the lounge and a wood burner in the sitting room. The sitting room connects to the kitchen diner, which opens onto a private courtyard, and a shower room completes the ground-floor accommodation. Upstairs are three bedrooms and a family bathroom with a roll-top style bath. The property retains its traditional character, while the layout offers scope for a buyer to update or adapt the accommodation to suit their requirements. The grounds extend to approximately a third of an acre and include an established garden, mature trees and a separate summer house currently used as a games room. A courtyard links the house to a utility area, a separate storage and gym room, and a detached barn of approximately 46 sq m, currently used for workshop and storage purposes. The barn has power, water, lighting and vehicle access. Any alternative use or development would be subject to the necessary planning permissions. A potting shed and driveway parking for up to six vehicles are also included. Gosberton Risegate is a village in South Holland, with local amenities in nearby Gosberton and a wider range of shops and services in Spalding and Boston. The surrounding area is rural, with local routes through the Fen countryside.

WHOTS analysis

Our WHOTS verdict

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

31out of 100
Grade ELow opportunity

Confidence: MEDIUM

This is a characterful 1824 cottage with exposed beams, brick fireplaces, several reception spaces and an established garden on a generous plot. The detached barn, summer house and other outbuildings add useful flexibility, while the dated but apparently usable interiors offer scope for a light cosmetic update; the barn’s condition would need checking separately.

The main obstacle is the asking price: at £465/sq ft it is well above the local £215/sq ft average. Adding the £5,000–£15,000 refurbishment range to the £230,000 asking price leaves the indicative cost at roughly £235,000–£245,000, stretched against the local benchmark for this floor area. That comparison is not a forecast of the value after renovation, but it makes the current price difficult to support on the figures provided.

Key opportunities

  • Refresh the dated kitchen, bathrooms and general finishes while retaining the cottage’s beams, fireplaces and other period character.
  • Make the most of the established garden, private courtyard and powered summer house as attractive outdoor and leisure spaces.
  • Use the substantial barn and other outbuildings for practical workshop, storage or hobby space, subject to condition and any necessary checks.

Key risks

  • At the asking price, even the stated light refurbishment range leaves the indicative purchase-and-works cost well above the local benchmark for this floor area.
  • Budget around £240,000 once the asking price and an estimated £10,000 of refurbishment are combined — roughly 56% above what comparable floor area achieves locally in current condition. Finished value after works is not modelled here.

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Map

Location

Risegate Road, Spalding, PE11
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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
£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.

Tax

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Indicative tax based on the asking price and the options you select.

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