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Casterton Road, Stamford PE9

East of England

£530,000

Listed on 08/05/2026

Property Details

Bedrooms
3
Type
Bungalow
Area
1501 sqft

Description

This well-positioned detached bungalow presents a unique opportunity for homeowners and investors alike. Located within comfortable walking distance of Stamford Town Centre, this property, built in the late 1960s, combines charm with the potential for further enhancement. Recent updates, including a new gas central heating boiler, modern kitchen fittings, and a stylish wet room with double-glazed windows throughout, ensure a solid foundation while allowing room for personal touches. The spacious layout includes a welcoming reception hall, a generous lounge flowing into a dining area, and three ample bedrooms—two featuring built-in wardrobes and one with an integrated vanity unit. A pull-down loft ladder leads to a sizeable loft room of approximately 1300 sqft (120 sqm), offering promising prospects for conversion into additional living space or bedrooms, pending planning approval. The exterior backs onto an inviting terraced garden complete with seating areas and raised flower beds, providing both privacy and potential for further landscaping or development. A side driveway offers off-road parking leading to a detached double garage equipped with power and light—ideal for additional storage or workshop use. This property is offered with no onward chain, making it an enticing prospect for those seeking flexibility in their living space or investment potential.

Investment Analysis

(PE9 area)

Above Market Value

This property is priced +1.9% above area average per sq ft

+1.9%
This Property
£353/sq ft
Area Average
£347/sq ft
Avg Rent (weekly)
£291
Avg Yield
3.7%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£25,000 - £50,000
Target Value
£572,106
10% above area average per sq ft
Potential ROI
-1.4%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
26
Average per month
Market Turnover
9%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by -4.7% over the last 12 months
3 year growth: -6.4%
5 year growth: +5.9%
Investment Disclaimer: Analysis based on PE9 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

Casterton Road, Stamford PE9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 4.45%

Current average variable rate is 6.60%

Monthly Repayments
£2,002
Based on a loan of £397,500 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.

Stamp Duty Calculator

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