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Main Road, Deeping St. Nicholas, Spalding

East of England

£350,000

Listed on 25/10/2026

The listing

Property details

Bedrooms
4
Type
Cottage

Features

  • Garden

Description

This four-bedroom character house is set on a plot of approximately 0.52 acres, subject to measurement, in a rural setting. The ground floor includes an entrance hall, living room with bay window, separate dining room, kitchen with pantry, shower room and sunroom. Four bedrooms are arranged upstairs. A substantial group of adjoining barns and outbuildings currently provides storage and workshop space. The listing notes possible alternative uses, including leisure or ancillary accommodation, but any conversion or development would require the relevant permissions and legal consents. The vendor also advises that asbestos may be present in the outbuildings, which has not been confirmed by survey. The grounds include lawn, established trees and mature planting. The listing mentions possible further residential development or an additional building plot, subject to planning permission and legal restrictions. The property is restricted to residential use, with no business use. Buyers should make their own enquiries about the buildings, land and any proposed changes.

WHOTS analysis

Our WHOTS verdict

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

51out of 100
Grade DWeak opportunity

Confidence: LOW

This is a usable character home with a particularly appealing 0.52-acre setting, mature planting and a substantial range of barns and outbuildings. The dated but serviceable interiors offer scope for selective cosmetic updating, while the garden could be tidied and the outbuildings explored for hobby or leisure uses; any change of use or development would need the necessary permissions and legal consents. The vendor also advises that asbestos may be present in the outbuildings, which is unconfirmed and should be investigated.

The score is a weak 51/100 overall, with fundamentals stronger than the value and economics assessment. Floor area is missing, so value against local £/sqf cannot yet be judged; the price and renovation figures also cannot establish residual value without that comparison or a stated GDV.

Key opportunities

  • Refresh the older-style finishes selectively while keeping the main house usable during the work.
  • Make the most of the large lawn, mature trees and private setting with garden tidying and improvement.
  • Investigate practical hobby or leisure uses for the substantial barns and outbuildings, subject to condition, asbestos checks and required consents.

Key risks

  • The vendor advises that outbuildings may contain asbestos; this is unconfirmed and should be checked.
  • The outbuildings are weathered and cluttered, so their condition and suitability for any intended use need investigation.
  • Floor area is missing, so value against local £/sqf and the overall economics cannot yet be judged.

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Map

Location

Main Road, Deeping St. Nicholas, Spalding
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Finance

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

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Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£1,322
Based on a loan of £262,500 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.

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