We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom bungalow · PE11 3ZJ
For saleListed 1333 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located in a quiet Cul-De-Sac occupying a large corner plot and it's a bungalow property.
This home comprises of three bedrooms with an en-suite to the master, a kitchen/breakfast room, lounge/diner, utility room, conservatory, additional bathroom a large rear garden and a double garage.
The property benefits from fitted solar panels which were fitted in 2023 and the solar battery storage system was fitted in 2022. Boiler mate changed in 2021.
Internal doors are wide to accommodate easy mobility for someone using a wheelchair. That has been paid outright which the current owners are happy to leave.
All spotlights in Kitchen including under cupboard ones / Bathroom / Ensuite are now LED Viewing is a must to appreciate the size and layout of the property.
Hallway There is a porch with UPVC/double glazed door then the entrance to the property is via a composite door.
The hallway has a radiator then french doors to the lounge /dining room - telephone point - door to Kitchen - main bathroom - airing cupboard, then turn and there is the cupboard housing the boiler mate and the 3 bedrooms.
Lounge/Dining Room Feature fire place with electric fire, radiator, TV point, two windows one to the rear and one to the front aspect and French doors to the conservatory and hall.
18'10" x 13'10" Kitchen Fitted with a range of base and eye level units, single sink and drainer, gas hob with extractor fan over, electric oven, partially tiled, space for dining table, spotlights, water softener, radiator, plumbed and space for washing machine, window to the rear access, door to the utility room.
10'5" x 11'9" Utility Room The utility room has a tiled floor and access to the patio area and rear garden.
10' x 6' Conservatory Of brick and UPVC construction, power points, tv aerial socket, French doors to the rear garden.
10'11" x 10'7" Master Bedroom Built in wardrobe, radiator, telephone point, tv point, window to the front aspect, door to the ensuite.
13'8" x 11'3" En-Suite Three piece suite: Shower cubicle, wash hand basin and WC. Radiator, extractor fan, vinyl flooring, window to the side aspect.
8'2 x 5'10" minus 3'2" x 2'1" which is the built in wardrobe in the Master bedroom Bedroom Two Radiator and window to the front aspect.
11'3" x 10'3" Bedroom Three Radiator and window to the side aspect.
8'11" x 7'8" Family Bathroom Three piece suite, bath with shower over, wash hand basin, WC, partially tiled walls, radiator, extractor fan, window to the side aspect.
7'5" x 6'5" Rear Garden The large rear garden is mainly laid to lawn and has a patio area either side of the conservatory, a shed, greenhouse, raised flower beds and an outside tap.
There is also a side patio area to the side of the property and gated access to the front of the property. Double Garage The double garage has two up and over doors with light and power connected.
Property Ownership Information Tenure Freehold Council Tax Band C Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
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 29, Shearers Drive, Spalding
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