115 London Road, Spalding, PE11 2TW
MC

115 London Road, Spalding, PE11 2TW

By McHugh & Co

£ 60,000

Reviews

2 out of 5 stars

McHugh & Co says ..

LOT 163 **FOR SALE BY ONLINE AUCTION** on 11th February 2025 Freehold House Vacant Possession

Property Oracle says ..

This three-bedroom property located at 115 London Road, Spalding, Lincolnshire, is currently listed for £60,000. The property’s exterior presents as a typical terraced house on a seemingly small plot. However, the interior photos reveal significant issues. Extensive damp and water damage are evident throughout, affecting the walls and floors. The property requires comprehensive renovations before it becomes habitable. While its location offers proximity to schools and transport links, this advantage is significantly offset by its extremely poor condition. The lack of information regarding property size and plot size hinders an effective cost per square foot assessment. Therefore, potential buyers should carefully consider the substantial costs involved in repairing and renovating this property before making an offer. Overall, while the price is low, the necessary refurbishment works represent a significant investment. Further information, especially on the property size and specifics of the damage, would improve the assessment and aid a purchaser in understanding the full implications. The lack of bathroom details further adds to the uncertainty of assessing this property’s value.

Therefore, we give this property 4 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
6
Condition
2
Location
7
Land
2
Bedrooms
3
Bathrooms
0

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
252,475.00 £
Increased by 33.80 %
from 188,698.00 £
Average area rental value
847.00 £/mo
Decreased by 6.31 %
from 904.00 £/mo
Est rental Yield
4.03 %
Decreased by 29.91 %
from 5.75 %
Crime Rate
6.00 %
Unchanged by 0.00 %
from 6.00 %

Agent Activity

  • McHugh & Co created the listing.

Nearby Schools

NameTypeOfstedDistance
Ayscoughfee Hall SchoolOther Independent School0.76 KM
Spalding Grammar SchoolAcademy ConverterGood0.84 KM
The Spalding St John The Baptist Church Of England Primary SchoolVoluntary Aided SchoolGood0.96 KM
St Norbert'S Catholic Voluntary AcademyAcademy Converter1.34 KM
Spalding Parish Church Of England Day SchoolAcademy Sponsor Led1.51 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Henrietta Street £ 249,99500.00 KM
Tower Lane £ 145,00000.00 KM
Westminster Drive £ 195,00000.00 KM
Church Gate £ 000.00 KM
Park Road £ 000.00 KM

Nearby Transport

NameNLCTLCDistance
Spalding6388SPA1.29 KM

Nearby Listings

AddressPriceTypeScoreDistance
London Road, Spalding £ 150,000BUY7 / 100.02 KM
Two Building Plots, Adj. 51 The Poplars, PE11 2RJ £ 125,000BUYUnknown0.13 KM
Cowbit Road , Spalding, Lincolnshire £ 309,950BUYUnknown0.19 KM
Briton Court, Spalding, PE11 £ 110,000BUY6 / 100.21 KM
Briton Court, Spalding, PE11 £ 110,000BUY7 / 100.21 KM

Nearby Properties

AddressPriceDistance
113a London Road £ 114,5000.03 KM
118 London Road £ 27,0000.03 KM
141 London Road £ 495,0000.03 KM
135 London Road £ 185,0000.03 KM
109 London Road £ 81,5000.03 KM