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
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Metrics Year-on-Year
- Average area value
- 218,053.00 £Decreased by 8.50 %
- Average area rental value
- 798.00 £/moDecreased by 10.74 %
- Est rental Yield
- 4.39 %Decreased by 2.44 %
- Crime Rate
- 9.00 %Unchanged by 0.00 %
Agent Activity
Winkworth created the listing.
Nearby Schools
| Name | Type | Ofsted | Distance |
|---|---|---|---|
| The Spalding Monkshouse Primary School | Community School | Good | 0.47 KM |
| Wygate Park Academy | Academy Sponsor Led | Good | 0.52 KM |
| The Spalding St John The Baptist Church Of England Primary School | Voluntary Aided School | Good | 0.84 KM |
| St Norbert'S Catholic Voluntary Academy | Academy Converter | 1.09 KM | |
| Spalding Primary Academy | Academy Converter | 1.15 KM |
Images
Nearby Streets
| Name | Average Price | Average Sqft | Distance |
|---|---|---|---|
| Second Avenue | £ 149,950 | 0 | 0.00 KM |
| Third Avenue | £ 0 | 0 | 0.00 KM |
| Meadway | £ 0 | 0 | 0.00 KM |
| Irwell Close | £ 197,500 | 0 | 0.00 KM |
| Trent Close | £ 215,000 | 0 | 0.00 KM |
Nearby Transport
| Name | NLC | TLC | Distance |
|---|---|---|---|
| Spalding | 6388 | SPA | 1.51 KM |
Nearby Listings
| Address | Price | Type | Score | Distance |
|---|---|---|---|---|
| Pennygate, Spalding, Lincolnshire, PE11 | £ 225,000 | BUY | 6 / 10 | 0.00 KM |
| Second Avenue, Spalding | £ 220,000 | BUY | 6 / 10 | 0.05 KM |
| Second Avenue, Spalding | £ 149,950 | BUY | Unknown | 0.07 KM |
| First Avenue, Spalding | £ 160,000 | BUY | 6 / 10 | 0.07 KM |
| Mansell Close, Spalding | £ 240,000 | BUY | 6 / 10 | 0.09 KM |
Nearby Properties
| Address | Price | Distance |
|---|---|---|
| 249 Pennygate | £ 152,000 | 0.01 KM |
| 251 Pennygate | £ 98,000 | 0.01 KM |
| 257 Pennygate | £ 147,000 | 0.01 KM |
| 7 Second Avenue | £ 65,000 | 0.05 KM |
| 3 Second Avenue | £ 151,500 | 0.05 KM |