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Cathedral Drive, Spalding, Lincolnshire PE11 - Image 1
Cathedral Drive, Spalding, Lincolnshire PE11 - Image 2
Cathedral Drive, Spalding, Lincolnshire PE11 - Image 3

Cathedral Drive, Spalding, Lincolnshire PE11

East of England

£250,000
Listed on 21/12/2025

Property Details

Bedrooms
3
Type
Detached house

Description

This detached family residence, rooted in the classic design of the 1970s, boasts a spacious layout characterized by large windows and an open, airy feel. Situated on a generous corner plot, this property presents a remarkable opportunity for a comprehensive renovation to elevate it into one of the most desirable homes in the Wygate area. The ground floor features an enclosed porch that leads to a central hallway with under-stairs storage—an ideal starting point for modern reconfiguration. The expansive dual-aspect lounge and dining area allows abundant natural light and offers potential for creating a contemporary open-plan 'super-room' by integrating the kitchen. The kitchen, currently an empty canvas at the rear of the house, presents ample space for an upscale redesign featuring a breakfast bar or island, enhancing its functionality. Adjacent to this is a utility room with secondary access to the garden—a practical feature perfect for handling pets or muddy shoes—as well as a downstairs WC. Internal access to the garage opens up possibilities for conversion into flexible living space like a home office or playroom, subject to regulations. Moving to the first floor reveals a bright landing leading to three bedrooms—two generous doubles and one larger-than-average single—which can be reimagined with bespoke built-in storage solutions. The family bathroom currently accommodates modern amenities but could benefit from expert redesign. One of this home's standout attributes is its wrap-around garden, providing privacy and potential outdoor entertaining spaces. Moreover, its configuration allows for significant extensions without compromising outdoor space (subject to planning permissions), making this property not only suitable for comfortable family living but also an excellent investment opportunity.

Investment Analysis

(PE11 area)
Area Average
£220/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.3%

Renovation Potential

Heavy Refurb
Est. Renovation Cost
£60,000 - £90,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
43
Average per month
Market Turnover
11%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by +2.4% over the last 12 months
3 year growth: -2.5%
5 year growth: 16.8%
Investment Disclaimer: Analysis based on PE11 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

Cathedral Drive, Spalding, Lincolnshire PE11
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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
£916
Based on a loan of £187,500 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