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See how verdicts work1-bedroom terraced house · PE11 1JW
For saleListed 470 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
***investors only please*** Bradley James Estate Agents offers for sale this rare opportunity to acquire two rental properties on the same piece of land.
Nestled on Bourne Road in the charming town of Spalding, this unique property presents an exceptional opportunity for those looking to expand their rental portfolio.
Comprising three terrace houses, this offering includes a delightful two-bedroom front house and two one-bedroom terrace houses situated at the rear, all of which are designed with modern living in mind.
The front house is over a 100 years old and the modern terrace houses behind were built in 2019. The Mid terrace house offers open plan living with a modern kitchen and downstairs cloakroom.
Upstairs is bedroom one and a modern en-suite. Parking is a breeze with space for three vehicles, and additional on-road parking is available on both Bourne Road and Horseshoe Road.
The property also benefits from a shared garden, offering a pleasant outdoor space for relaxation and enjoyment.
Conveniently located within walking distance of the town centre and the local train station, this property is ideally situated for those who appreciate easy access to amenities and transport links.
Upon completion of the sale, the houses will be separated into three distinct titles, providing flexibility for future management or investment.
This is a rare chance to acquire a well-maintained property in a popular location.
Open Plan Kitchen Diner/Lounge (4.34m x 4.34m (14'3 x 14'3)) Double aspect with a UPVC double glazed window to the rear and side and UPVC obscured double glazed door to the side, base and eye level units with worksurface over, sink and drainer with mixer tap over, integrated electric oven and grill with a four burner gas hob and extract over, wall mounted gas boiler housed in the kitchen cupboard, space and point for fridge freezer, radiator, power points, under stairs storage cupboard and fuse box.
Downstairs Cloakroom UPVC obscured double glazed window to the side, WC with push button flush, wall mounted heated towel rail, vanity wash hand basin with mixer taps over and storage cupboards beneath, tiled floor, skimmed ceiling with inset spotlights and extractor fan.
Bedroom 1 (4.34m x 3.12m (14'3 x 10'3)) UPVC double glazed window to rear, power points, tv point, telephone point and built in wardrobe.
Bedroom 1 En-Suite Skylight in the ceiling, separate shower cubicle which has a built-in mixer shower over with a fixed showerhead and a separate showerhead on a sliding adjustable rail, vanity wash hand basin with mixer taps over with two storage drawers beneath and wall mounted medicine cabinet, WC with push button flush, wall mounted heated towel rail, skimmed ceiling with inset spotlights and extractor fan.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
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.
Area
Agent & docs
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FAQ
About 45C, Bourne Road, Spalding
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