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£200,000
Offers in excess of

Development plot for sale Pennygate, Spalding, Lincolnshire, PE11

Development Plot
Freehold

Added on 16/09/2026

About this property

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. Located in this popular residential location within easy reach of Spalding Town centre with all its amenities and train station.

Location

Pennygate, Spalding, Lincolnshire, PE11, PE11 1LT

Council tax
Band D (Approx £2,278/year)

Mortgage and stamp duty

Property price £200,000
£100k £300k
Deposit10% £20,000
£0 £200k
Interest rate 4.5%
0.5% 15%
Repayment period 25 years
5 years 40 years

A £180,000 mortgage. Most lenders would want a household income of about £40,000 to support it.

A guide only, for a capital repayment mortgage. The rate you are offered and what you can borrow depend on your circumstances and a full application with a lender or broker. Your home may be repossessed if you do not keep up repayments on your mortgage.

Historic sold prices nearby

HM Land Registry sales in PE11 1LT. Floor areas from Energy Performance Certificates where matched.

AddressSoldSizePrice
172, Pennygate Semi-detachedSept 20251,055 sq ft £149/sq ft£157,250
186, Pennygate Semi-detachedMay 2025936 sq ft £178/sq ft£167,000
180, Pennygate Semi-detachedAug 2023915 sq ft £203/sq ft£186,000
166, Pennygate Semi-detachedSept 2022883 sq ft £198/sq ft£175,000
178, Pennygate Semi-detachedAug 2022915 sq ft £197/sq ft£180,000
202, Pennygate Semi-detachedMar 20221,119 sq ft £159/sq ft£178,000
186, Pennygate Semi-detachedNov 2021936 sq ft £158/sq ft£148,000
202, Pennygate Semi-detachedNov 20181,119 sq ft £125/sq ft£140,000

All sales on Pennygate → All sold prices in Spalding →

Area insights

The neighbourhood around this property.

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