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See how verdicts work2-bedroom semi-detached house · PE22 0HA
For saleListed 6 daysAuction 16 Nov · in 19 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Auction Commencing on Monday 16th November at 1pm and ending 24 hours later on Tuesday 17th November from 11am with Auction House Please register to bid via our website - auctionhouse.co.uk Two-bedroom semi-detached property requiring refurbishment, benefiting from a generous driveway, detached garage and enclosed rear garden, situated in the popular village of Butterwick.
Open House Viewings (no need to book) Friday 30th October from 12pm until 12:30pm Friday 06th November from 12pm until 12:30pm Monday 16th November from 12pm until 12:30pm An excellent opportunity to acquire this two-bedroom semi-detached property, situated in a residential cul-de-sac in the popular village of Butterwick, near Boston.
Offering generous off-road parking, a detached garage and an enclosed rear garden, the property presents an attractive opportunity for investors, developers and owner-occupiers looking to undertake a programme of refurbishment.
The accommodation extends to approximately 923 sq. ft. (85.8 sq.
m.) as indicated on the floorplan and briefly comprises an entrance hallway, spacious lounge with feature fireplace and French doors opening onto the rear garden, fitted kitchen, a useful utility room and a ground-floor WC.
To the first floor are two bedrooms, a family bathroom and additional storage space.
The property would benefit from further refurbishment and modernisation throughout, with some works already commenced but remaining incomplete, providing an opportunity for purchasers to finish the property to their own specification.
Externally, the property benefits from a substantial driveway providing off-road parking, gated access to the side, a detached garage measuring approximately 19 ft x 9 ft 2 in, and an enclosed rear garden predominantly laid to lawn.
Butterwick is a well-established village located approximately four miles east of Boston, offering a pleasant semi-rural setting whilst remaining within convenient reach of local amenities, schools and transport connections.
Boston town centre provides a wider selection of shops, supermarkets, restaurants and leisure facilities.
An ideal refurbishment project with excellent potential for resale, investment or owner-occupation. Early viewing is highly recommended to appreciate the accommodation and opportunity on offer.
Key Features Two-bedroom semi-detached property Refurbishment and modernisation required Spacious lounge with French doors to rear garden Separate kitchen and utility room Ground-floor WC and first-floor bathroom Detached garage and generous driveway Enclosed rear garden Approximately 923 sq.
ft. (85.8 sq.
m.) according to floorplan Popular village location near Boston Ideal investment or refurbishment opportunity Tenure: Freehold EPC Rating: C Administration Fee: £3600 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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
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FAQ
About 4 Peter Paine Close, Butterwick, Boston, Lincolnshire PE22 0HA
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