2-bedroom terraced house · PE12 8LL
For saleListed 134 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
For sale: a two-bedroom end of terrace house situated in the popular village of Fleet Hargate, near Holbeach and Spalding.
The property is currently let at £550 pcm with a tenant in situ, presenting an immediate income stream for investors.
It requires renovation, offering scope for improvement and potential uplift in value.
The accommodation comprises one reception room, a kitchen and a bathroom, together with two bedrooms on the upper level.
The property benefits from a single garage and on-street parking with no permit required. It has an EPC rating of D and falls within Council Tax Band A.
Fleet Hargate is a well-regarded village with local amenities available in nearby Holbeach, including shops, supermarkets, cafés and primary and secondary schools.
Further extensive facilities are found in Spalding, including additional retail, leisure and schooling options.
Public transport links are accessible, with bus services connecting Fleet Hargate to Holbeach and Spalding.
From Spalding railway station, services run to Peterborough in around 35–45 minutes, providing onward mainline connections to London and other major destinations.
Road links are convenient, with the A17 offering routes towards King’s Lynn and Newark, and access to the A16 for Boston and Peterborough.
This property represents an investment opportunity in a village location with established rental income and scope for refurbishment, appealing to investors seeking a project with existing occupancy.
Entrance Entered via uPVC double glazed front door to side of property, glass panelled door to garage, uPVC double glazed door to rear, uPVC double glazed door to kitchen.
Kitchen 3.66m x 2.2m Fitted with a range of eye and base level units, 1 1/4 bowl inset sink unit with mixer tap and base units below, work surface areas with further base units below, tiled splashback, built in 4 ring gas hob with oven below and extractor above, space for washing machine and tumble dryer, wall mounted gas fired boiler, coved and textured ceiling, extractor fan, uPVC double glazed window to rear, wood laminate flooring, radiator, glass panelled door to bathroom and glass panelled door to lounge.
Lounge 6.53m x 4m Double aspect with uPVC double glazed windows to front and side, coved and textured ceiling, 2 x radiators, telephone point, stairs rising to first floor, under stairs storage cupboard.
Bathroom 3.7m x 1.52m Suite comprising panelled enclosed bath with mixer tap, 2 button flush low level WC, pedestal wash hand basin with mixer tap, shower cubicle with electric shower over, uPVC double glazed frosted window to rear, extractor fan.
tiled flooring, radiator. First Floor Landing Doors to bedrooms Bedroom 1 3.9m x 3.23m Coved and textured ceiling, 2 x uPVC double glazed windows to rear, radiator.
Bedroom 2 3.18m x 2.24m Coved and textured ceiling, uPVC double glazed window to front, access to loft, radiator. Outside Front Drive way parking for 1 car leading garage.
Rear Courtyard Garden Garage With up and over door.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About Old Main Road, Fleet Hargate, Holbeach
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