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Wheatmere Drove, Low Fulney, Spalding PE12 - Image 1
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Wheatmere Drove, Low Fulney, Spalding PE12

East of England

£500,000
Listed on 19/11/2025

Property Details

Bedrooms
3
Type
Semi-detached house
Area
1196 sqft

Description

This three-bedroom semi-detached house sits on just under 5.5 acres, offering a unique opportunity for renovation and investment. The property is well-suited for those interested in equestrian activities or smallholding ventures, featuring extensive facilities including stables, feed and tack rooms, a hay barn, a manège, round pen, and paddock grazing land. Currently serving as a family residence for the vendor and her pets, the home provides practical living space alongside its agricultural potential. The large barn on the premises has been repurposed as a multifunctional space that could easily transition to an annexe or alternative use with the appropriate planning permissions. This flexibility enhances the property's appeal as an investment opportunity. Located in Low Fulney—a hamlet southeast of Spalding—this property benefits from good access to local amenities and transportation routes. Major towns like Peterborough and Boston are within reasonable reach via the A16 and A17, ensuring connectivity while still enjoying a rural setting. The home itself features many desirable attributes such as majority double-glazing and oil-fired central heating. Inside, you'll find an L-shaped hallway leading to various areas of the house. The utility room comes equipped with fitted units and offers functional workspace, while the bathroom boasts modern fixtures including a jacuzzi-style bath. The lounge is spacious with natural light filtering through front-facing windows, creating an inviting atmosphere. The breakfast kitchen is fitted with wooden countertops and includes essential appliances, extending into a bright conservatory that opens out to the garden area. Upstairs hosts three well-proportioned bedrooms with ample natural light. Externally, access is granted through electric gates leading into a gravel parking area capable of accommodating multiple vehicles or horse trailers. The gardens at the rear are predominantly laid to lawn, providing an appealing outdoor space. The equestrian facilities include timber stabling accessible through double five-bar gates, along with additional outbuildings that support animal care needs. There's also designated grazing land divided into enclosures for efficient management of livestock or horses. With renovations or developments considered possible within this expansive space—especially given its existing structures—this property represents significant potential for both personal enjoyment and investment return in a sought-after area. A static caravan situated on-site may also be available separately by negotiation, adding further appeal for prospective buyers looking for additional accommodation options.

Investment Analysis

(PE12 area)

Above Market Value

This property is priced +82.2% above area average per sq ft

+82.2%
This Property
£418/sq ft
Area Average
£229/sq ft
Avg Rent (weekly)
£189
Avg Yield
3.6%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£35,000 - £60,000
Target Value
£301,864
10% above area average per sq ft
Potential ROI
-46.1%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
44
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE12)

Area prices are stable by +0.2% over the last 12 months
3 year growth: -3.9%
5 year growth: 23.1%
Investment Disclaimer: Analysis based on PE12 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

Wheatmere Drove, Low Fulney, Spalding PE12
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.19%

Current average variable rate is 6.78%

Monthly Repayments
£1,832
Based on a loan of £375,000 over 30 years at 4.19% 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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YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE