3-bedroom semi-detached house · PE11 1QZ
Sold STCListed 726 days
Opportunity summary
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About
214 PARK ROAD Semi-detached house with one off-road parking space and pleasant enclosed rear garden. UPVC windows, gas central heating (modern boiler).
Lounge, dining room, fitted kitchen, bathroom to the ground floor; 2 double bedrooms, single bedroom and cloakroom to the first floor. No onward chain.
ACCOMMODATION Part glazed UPVC front entrance door leading into: LOUNGE 10' 9" x 11' 2" (3.28m x 3.4m) Fireplace with coal effect electric fire, coved cornice, recessed ceiling lights, fitted carpet, TV point, UPVC window to the front elevation, radiator, part obscure glazed door to: INNER LOBBY Useful understairs store cupboard with coat hooks, shelf and gas meter.
DINING ROOM 11' 3" x 10' 9" (3.43m x 3.28m) maximum Woodgrain effect flooring, central heating timer control unit, recessed ceiling lights, coved cornice, TV point, radiator, UPVC window overlooking the rear porch.
KITCHEN 10' 5" x 6' 4" (3.18m x 1.93m) Range of fitted cupboards and drawers, roll edged worktops, tiled splashbacks, eye level wall cupboards, electric oven, gas hob and cooker hood, plumbing and space for washing machine.
Under counter refrigerator, recessed ceiling lights, UPVC window overlooking the rear porch and part glazed UPVC door opening into: REAR ENTRANCE PORCH 8' x 3.' 8" (2.44m x 1.12m) UPVC construction with glazed roof, sliding patio door, cold water tap, tiled floor.
Also from the Kitchen a door leads to: BATHROOM 8' x 5' 8" (2.44m x 1.73m) Panelled bath with mixer tap and shower over, low level WC with push button flush, hand basin with hot and cold taps, store cupboard, vertical radiator/towel rail, extractor fan, recessed ceiling lights, obscure glazed UPVC window, cupboard housing the modern Alpha gas fired central heating boiler, consumer unit.
From the corner of the Dining Room a door leads to a staircase with radiator at the bottom rising to: FIRST FLOOR LANDING Doors arranged off to: BEDROOM 1 11' 2" x 10' 8" (3.4m x 3.25m) UPVC window to the front elevation, fitted carpet, radiator, TV point, recessed ceiling lights, former walk-in wardrobe housing a shower cabinet with extractor fan.
BEDROOM 2 11' 3" x 7' 10" (3.43m x 2.39m) Fitted carpet, recessed ceiling lights, radiator, UPVC window to the rear elevation.
BEDROOM 3 7' 3" x 6' 4" (2.21m x 1.93m) Fitted carpet, recessed ceiling lights, radiator, UPVC window to the rear elevation.
CLOAKROOM 4' x 2' 10" (1.22m x 0.86m) Two piece suite comprising bracket hand basin with mixer tap, low level WC with push button flush, fully tiled walls, shaver point, extractor fan, ceiling light.
EXTERIOR At the front of the property there is a gravelled parking space for one car, double width paved pathway to the front door, outside light.
Access down the side of the property to a gate leading to: ENCLOSED REAR GARDEN Including initially a paved patio and seating area, 2 garden sheds, external double socket and beyond the patio a lawned garden with stocked borders and fencing to the side and rear boundaries.
DIRECTIONS Proceed out of the centre of Spalding along Winsover Road in a westerly direction, over the level crossing and then take the immediate right into Park Road.
The property is situated approximately two thirds of the way down on the left hand side.
AMENITIES The town centre is within easy walking distance offering a full range of amenities along with bus and railway stations.
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.
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About 214, Park Road, Spalding
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