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Wargate Field Lane, Gosberton, Spalding PE11 - Image 1
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Wargate Field Lane, Gosberton, Spalding PE11

East of England

£50,000

Listed on 04/07/2026

Property details

Bedrooms
N/A
Type
Land

Description

This parcel of land, spanning approximately 0.56 acres, presents a unique opportunity for various development possibilities, subject to necessary planning approvals. Located just south of the junction between Station Road and Belchmire Lane in Gosberton, approximately five miles north of Spalding, it boasts significant frontage on Wargate Field Lane. The site includes a timber-framed and corrugated iron-clad building that has been previously utilized for horticultural purposes. This structure is divided into three sheds and offers external measurements of approximately 29.2 m by 7.2 m for the main section and smaller dimensions of 3.3 m by 2.9 m, resulting in a total area of around 220 sq.m. Although currently lacking an operational three-phase electricity supply due to disconnection, the property’s previous utility access highlights its potential for revitalization. Additionally, while the vendor prefers a straightforward sale without conditional terms or planning obligations, prospective buyers should be aware that the site lies within Flood Risk Zones 2 and 3, which may affect future development plans. This freehold lot is available with vacant possession upon completion and invites serious inquiries from interested parties keen on exploring its renovation or redevelopment prospects.

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Investment analysis

(PE11 area)
Area Average
£215/sq ft
Avg Rent (weekly)
£201
Avg Yield
4.1%

Renovation Potential

Medium Refurb
Est. Renovation Cost
£50,000 - £100,000
Note: Renovation cost estimates are AI-generated based on property location and general characteristics, and may not reflect actual costs.
Monthly Sales
52
Average per month
Market Turnover
10%
Properties sold annually

Local Market Trend (PE11)

Area prices are falling by -5.3% over the last 12 months
3 year growth: -7.3%
5 year growth: +5.8%
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

Wargate Field Lane, Gosberton, Spalding PE11
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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
£189
Based on a loan of £37,500 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

This calculation uses non-residential (land/commercial) tax rates.

Next Steps

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