Pennygate, Spalding, Lincolnshire, PE11
WI

Pennygate, Spalding, Lincolnshire, PE11

By Winkworth

£ 225,000

Reviews

3 out of 5 stars

Winkworth says ..

A fantastic investment opportunity to puchase an establsied two bedroom semi with lots of potential plus a separate builing plot with outline planning permission for a three bedroom detached dwelling. Full details available on South Holland planning web site under reference H16-0411-23. Loca...

Property Oracle says ..

This property in Spalding, Lincolnshire presents a unique opportunity for buyers. The listing describes it as an established two-bedroom semi-detached house with a separate building plot that has outline planning permission for a three-bedroom detached house. This offers potential for significant expansion or rental income.

The existing house, as shown in photos, exhibits a somewhat dated interior and requires modernisation. The separate structure seems to be a partially finished or unfinished building requiring complete renovation or completion. The photos show a relatively small garden and what appears to be a gravel driveway.

The location on Pennygate is advantageous, particularly for families due to the proximity of several well-regarded primary schools. The nearby presence of Spalding railway station enhances the property’s accessibility. However, more information regarding local amenities would assist in a more thorough assessment of its location score.

The current listing price reflects the potential of the combined property and plot. Comparable properties in the area provide some context to its valuation, although the absence of detailed property specifications makes a precise assessment challenging. The planning permission significantly adds value. A thorough survey and a full valuation would be required before purchasing to assess structural integrity, the scale of renovations needed, and confirm the exact buildable area on the plot.

Therefore, we give this property 6 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
4
Location
7
Land
6
Bedrooms
0
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
218,053.00 £
Decreased by 8.50 %
from 238,320.00 £
Average area rental value
798.00 £/mo
Decreased by 10.74 %
from 894.00 £/mo
Est rental Yield
4.39 %
Decreased by 2.44 %
from 4.50 %
Crime Rate
9.00 %
Unchanged by 0.00 %
from 9.00 %

Agent Activity

  • Winkworth created the listing.

Nearby Schools

NameTypeOfstedDistance
The Spalding Monkshouse Primary SchoolCommunity SchoolGood0.47 KM
Wygate Park AcademyAcademy Sponsor LedGood0.52 KM
The Spalding St John The Baptist Church Of England Primary SchoolVoluntary Aided SchoolGood0.84 KM
St Norbert'S Catholic Voluntary AcademyAcademy Converter1.09 KM
Spalding Primary AcademyAcademy Converter1.15 KM

Images

Picture No. 20 Picture No. 01 Picture No. 03 Picture No. 05 Picture No. 07 Picture No. 08 Picture No. 10 Picture No. 11 Picture No. 12 Picture No. 13 Picture No. 14 Picture No. 15 Picture No. 16 Picture No. 17 Picture No. 18 Picture No. 19 Picture No. 21 Picture No. 22 Picture No. 23 Picture No. 24 Picture No. 02 Picture No. 04 Picture No. 06 Picture No. 09

Nearby Streets

NameAverage PriceAverage SqftDistance
Second Avenue £ 149,95000.00 KM
Third Avenue £ 000.00 KM
Meadway £ 000.00 KM
Irwell Close £ 197,50000.00 KM
Trent Close £ 215,00000.00 KM

Nearby Transport

NameNLCTLCDistance
Spalding6388SPA1.51 KM

Nearby Listings

AddressPriceTypeScoreDistance
Pennygate, Spalding, Lincolnshire, PE11 £ 225,000BUY6 / 100.00 KM
Second Avenue, Spalding £ 220,000BUY6 / 100.05 KM
Second Avenue, Spalding £ 149,950BUYUnknown0.07 KM
First Avenue, Spalding £ 160,000BUY6 / 100.07 KM
Mansell Close, Spalding £ 240,000BUY6 / 100.09 KM

Nearby Properties

AddressPriceDistance
249 Pennygate £ 152,0000.01 KM
251 Pennygate £ 98,0000.01 KM
257 Pennygate £ 147,0000.01 KM
7 Second Avenue £ 65,0000.05 KM
3 Second Avenue £ 151,5000.05 KM