Summary - 3 THE QUAY SUTTON BRIDGE SPALDING PE12 9TU
1 bed 1 bath Apartment
Affordable riverside one-bedroom ideal for first-time buyers or investors seeking refurbishment potential.
River-facing lounge with pleasant waterside outlook
One double bedroom; compact but ready for personalisation
Dated bathroom; likely needs upgrading or modernising
Electric storage heating; may be costly and needs consideration
Leasehold: 110 years remaining; ground rent £197 yearly
Service charge £308 per year; council tax Band A (very cheap)
Communal off-street parking included
Location: deprived area with above-average crime—consider security
Set on the peaceful West Bank of Sutton Bridge, this one-bedroom ground-floor apartment offers direct river views and communal off-street parking. Priced at £54,000 and being sold via online auction, the flat is a compact, affordable entry point for first-time buyers or investors seeking a low-cost project with immediate rental or personal use potential.
The accommodation includes a bright lounge facing the river, a modest double bedroom, kitchen with appliance space, and a functional three-piece bathroom. The building is period (pre-1900) with solid brick walls and double glazing fitted before 2002; electric storage heating provides warmth though it may not suit all buyers.
Practical details: the property is leasehold with 110 years remaining, an annual ground rent of £197 and a service charge of £308 (below average). Council tax sits in Band A and the location has fast broadband, average mobile signal, low flood risk, but sits within a deprived area with above-average crime — factors to weigh for families and long-term owners.
This flat works best for someone prepared to personalise and modernise — updating the dated bathroom, improving heating and adding insulation could increase comfort and value. The river aspect and low entry price are strong selling points for buyers wanting an affordable riverside home or a buy-to-let opportunity in a small town setting.
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