The Bungalow Pit Lane

    THE BUNGALOW, PIT LANE, GEDNEY DROVE END, SPALDING, PE12 9PG

    This detached freehold property on Pit Lane last sold in April 2021 for £120,000. Based on price growth in the PE12 district since then, its estimated current value is £127,816 — placing it in the 8th percentile nationally and the 6th percentile within PE12. The property covers 55 m² (592 sq ft), giving an estimated value of £2,324 per m². The EPC rating is F, with a potential rating of D.

    Type

    Detached

    Tenure

    Freehold

    Floor Area

    592 sq ft

    55 m²

    Last Sale Price

    £120,000

    Apr 2021

    Estimated Valuation

    £127,816

    Est. £/sq ft

    £216/sq ft

    £2,324/m²

    Property Details

    TypeDetached
    TenureFreehold
    Built formDetached
    Construction ageEngland and Wales: 1930-1949
    Habitable rooms4
    Main fueldual fuel - mineral + wood
    EPC currentF
    EPC potentialD
    Floor area592 sq ft (55 m²)
    EPC dateAug 2019
    WallsTimber frame, as built, no insulation (assumed)
    HeatingBoiler and radiators, dual fuel (mineral and wood)

    Transaction History

    19 Apr 2021

    £120,000

    Key Metrics

    Estimated valuation£127,816
    Value per sq ft / m²£216/sq ft (£2,324/m²)
    Estimated gross yieldNot available
    Implied monthly rentNot available
    PE12 district percentile6th percentile
    National percentile8th percentile

    District Context — PE12

    PE12 covers the low-lying coastal and fenland areas of south Lincolnshire, including settlements around the Wash and inland towards the Peterborough fringe. It is a rural and semi-rural district with a quieter character, popular with families and retirees seeking space and affordability away from urban centres.

    Average Property Price - PE12

    £258,541

    30

    National percentile

    Average Net Household Income - PE12

    £32,112

    15

    National percentile

    10-Year Annualised Price Growth - PE12

    4.4%

    77

    National percentile

    10-Year Annualised Rent Growth - PE

    4.2%

    68

    National percentile

    View full analysis for PE12

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