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First Drift, Wothorpe, Stamford PE9

East of England

£525,000
Listed on 15/04/2026

Property Details

Bedrooms
3
Type
Semi Detached
Area
1500 sqft

Description

This semi-detached residence in the desirable First Drift area of Wothorpe, Stamford, offers a promising canvas for renovation enthusiasts or prospective homeowners. Featuring two generous reception rooms, the layout is suitable for both leisure and social gatherings. The extended utility and kitchen area adds functionality to the ground floor, which also includes a cloakroom and shower room for added convenience. With three well-sized bedrooms, this property caters well to families or individuals needing that extra space. There’s also a separate WC and bathroom to accommodate daily living needs. Although the house requires modernization, it presents an exciting opportunity for further expansion, allowing you to customize the property according to your vision, pending planning consent. The rear garden is sizeable and private, complemented by an outbuilding for additional storage or workspace. Adequate parking is available at the front along with an oversized garage that enhances storage options. Situated in a peaceful yet accessible location within Stamford, this home offers not only comfort but also significant potential for enhancement. It's an excellent prospect for anyone looking to invest in a characterful property with room for personal touch and growth.

Investment Analysis

(PE9 area)

Above Market Value

This property is priced +2.4% above area average per sq ft

+2.4%
This Property
£350/sq ft
Area Average
£342/sq ft
Avg Rent (weekly)
£256
Avg Yield
3.4%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£30,000 - £50,000
Target Value
£564,218
10% above area average per sq ft
Potential ROI
-1.9%
After renovation
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
32
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE9)

Area prices are falling by -7.1% over the last 12 months
3 year growth: -8.3%
5 year growth: +5.2%
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

First Drift, Wothorpe, Stamford PE9
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Mortgage Calculator

£
£
£
%
%
years

Current average 2-year fixed rate is 3.91%

Current average variable rate is 6.62%

Monthly Repayments
£1,859
Based on a loan of £393,750 over 30 years at 3.91% 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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