5-bedroom terraced house · PE11 1AE
Listing removedListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This characterful period building, ideally located in the heart of Spalding, is now available as an excellent investment opportunity.
Currently divided into three individual flats, the property offers great potential for refurbishment and long-term returns.
The Crescent needs to be viewed to really see the potential, book your viewing today.
Summary - Investment Opportunity – Period Property in the Heart of Spalding This characterful period building, ideally located in the heart of Spalding, is now available as an excellent investment opportunity.
Currently divided into three individual flats, the property offers great potential for refurbishment and long-term returns.
The ground floor flat has been stripped back, providing a blank canvas for a new owner to put their own stamp on it.
With the potential for two en-suite bedrooms, a lounge, kitchen, and direct access to the rear garden, this space presents a fantastic investment prospect.
Upstairs, the property has been split into two further apartments.
One is a generously sized studio flat in need of renovation, while the other is a spacious two-bedroom maisonette, also requiring refurbishment.
Situated within walking distance of Spalding town centre, this property benefits from a highly convenient location.
Spalding is a historic market town in Lincolnshire, known for its beautiful riverside setting, charming Georgian architecture, and strong sense of community.
The town offers a range of amenities, including shops, restaurants, and leisure facilities, as well as excellent transport links to Peterborough and beyond.
Spalding’s rich agricultural heritage and annual Flower Parade also make it a popular and vibrant place to live.
With strong rental demand and excellent investment potential, this property presents a fantastic opportunity for investors looking to add value in a sought-after location.
Investment Opportunity – Three Flats in Prime Town Centre Location This exciting development offers three individual flats, all with great rental potential, making it a fantastic investment opportunity.
While the property would benefit from modernisation, its central location ensures high demand from tenants.
Ground Floor – Spacious Two-Bedroom Apartment • Flat 1: Previously a dental practice, the ground floor is being converted into a spacious two-bedroom apartment.
The stud work is in place, and two en-suite bathrooms have been purchased but require fitting. The large living area leads to the garden, and there’s a separate kitchen in need of updating.
Additionally, the property benefits from a small cellar. Once completed, this flat will be highly desirable for renters.
First Floor – Two Well-Proportioned Flats • Flat 2: A spacious, conventionally laid-out apartment with a large lounge leading to a kitchen.
The property is slightly dated but has been successfully rented out for years. An internal staircase leads to two bedrooms and a large additional bedroom, offering plenty of space.
• Flat 3: The smallest of the three, but still well-sized, featuring a lounge/bedroom, kitchen breakfast room, bathroom, and separate toilet.
This flat would benefit from a minor refurbishment but, like Flat 2, has a strong rental history. Why Invest?
• High Rental Demand – Prime location in the town centre • Fantastic Potential – Modernising will significantly increase rental yield • Versatile Opportunity – Ideal for landlords, developers, or those looking for a multi-unit investment Got the vision to unlock this property’s full potential?
Book a viewing today! Ground Floor Flat 1 - Entrance Hall. Bedroom 1 with En-suite. Bedroom 2 with En-suite. Lounge. Kitchen. Cloakroom. Room 2. Outdoor area. First Floor Flat 2 - Over 2 floors.
Entrance Hall. Lounge. Kitchen. First Floor Landing. Bedroom 1. Bedroom 2. Bathroom. First Floor Flat 3 - Entrance Hall. Lounge/Bedroom. Kitchen Diner. Bathroom. Separate Toilet.
Ark Property Centre - If you are thinking about selling your property or are not happy with your current agent - we can offer a FREE valuation service with no obligation.
We can also offer full Financial and Solicitor services. Please note we do get a referal fee for any recommended client service used.
Property Postcode - For location purposes the postcode of this property is: PE11 1AE Offer Procedure - Please note: before an offer is agreed on a property you will be asked to provide I.D and proof of finance, in compliance Money Laundering Regulations 2017 (MLR 2017).
The business will perform a Money Laundering Check as part of its Money Laundering Policy.
If a cash offer is made, which is not subject to the sale of a property, proof of funds will be requested or confirmation of available funds from your solicitor.
Verified Material Information - Tenure: Freehold Council tax band: A Annual charge: No Property construction: Brick Built Electricity supply: Rubi Energy Solar Panels: No Other electricity sources: No Water supply: Anglian Water Sewerage: Mains Heating: Electric Heating Heating features: No Broadband: As stated by Ofcom, Standard, Superfast and Ultrafast is available.
Mobile coverage: As stated by Ofcom, Indoor - EE is Likely over Voice and Data. Three is Likely over Voice and Data. O2 is Likely over Voice and Data. Vodafone is Likely over Voice and Data.
Mobile coverage: As stated by Ofcom, Outdoor - EE is Likely over Voice and Data. Three is Likely over Voice and Data, O2 is Likely over Voice and Data. Vodafone is Likely over Voice and Data.
Parking: Public parking behind the property. Building safety issues: No Restrictions: No Public right of way: No Flood risk: Surface water - low. Rivers and the sea - medium.
Other flood risks - Groundwater - flooding from groundwater is unlikely in this area. Reservoirs - flooding from reservoirs is unlikely in this area.
Coastal erosion risk: No Planning permission: Please refer to South Holland District Council Planning Portal for any planning applications.
Accessibility and adaptations: No Coalfield or mining area: No Energy Performance rating: D66 Additional Information - PLEASE NOTE: All photos are property of Ark Property Centre and can not be used without their explicit permission.
Viewing Arrangements - Viewing is by appointment with Ark Property Centre only. We suggest you call our office for full information about this property before arranging a viewing.
Disclaimer - These particulars, whilst believed to be accurate are set out as general outline only for guidance and do not constitute any part of an offer or contract.
Intending purchasers should not rely on them as statements of representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy.
No person in this firms employment has authority to make or give representation or warranty in respect of the property. These details are subject to change.
Value & comps
No previous sales on record.
Returns
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Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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 The Crescent, Spalding
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