Modern Method of Auction
Auction date not yet published
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 work4-bedroom house · PE12 6TA
For saleReduced £50k (−8.3%) on 21 JunListed 325 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary This very unique family home designed with distinction for the current owners in the 1970's sits in its own grounds stretching to 3/4 of an acre.
It boasts a small orchard of plum, apple, damson, pear and apricot trees and a walled vegetable garden.
The garden has been designed with a variety of entertaining areas including an in-built BBQ and large seating area and a smaller, secluded walled al fresco dining area surrounded by trees.
A fishpond with views over the fields and a small wood provide a beautiful, contemplative seating area. There are 3 large garages, a garden shed, workshop, spacious wine cellar and hobby room.
The 2 garage block has potential to be converted into living accommodation. There is plenty of scope to create a truly personal family home with areas of interest for all the family.
The Setting The house is accessible via a private driveway, with a central island and is block paved.
One of the garages is integral to the house, complete with tiled floor, which could be transformed into a multi purpose space, quite possibly a gym.
This one of a kind family home sits close to the village's large, Norman church which has an active community and is full of history.
The village also boasts a primary school, couple of shops, petrol stations, a Chinese takeaway and an Indian restaurant.
It has access to 2 local market towns - Holbeach 2 miles away and Spalding 6 miles away.
Spalding has a small train station, with regular trains to Peterborough where you can connect to travel to London in just under an hour. Trains run from Spalding to Lincoln too.
The wider area has access to many secondary schools and academies. Spalding sits on the river Welland and has a river boat taxi.
Historically Ayscoughee museum and gardens provides a fascinating glimpse into Spalding's past.
Close to the town is the Springfields shopping outlet, a number of gastro pubs, cinema in the local civic centre along with numerous sporting facilities.
The Property Step inside this unique home to a stylishly tiled entrance hall, flooded with light from floor to ceiling windows and doors.
The hall is the central feature to the home, where the various wings of the property unite.
To the right you can freshen up in the cloakroom with cupboard space for shoes and storage for coats; enter the garage or ascend the stairs to a large room, currently a TV room, but has the potential to be designed for the way your family requires.
The floor to ceiling windows and doors throughout breathe light and spaciousness into every room giving an sense of well being and calm.
Council Tax Band: E Tenure: Freehold Auctioneers Additional Comments Pattinson Auction are referred to below as The Auctioneer.
This auction lot is being sold under either conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer.
The property is available to view strictly by appointment only via any Marketing Agent or The Auctioneer.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between any marketing agent and The Auctioneer so that all matters can be dealt with effectively.
The property is being sold via a transparent online auction.
To submit a bid on any property marketed by The Auctioneer, all bidders buyers must adhere to a verification of identity process in line with Anti Money Laundering procedures.
Bids can be submitted at any time and from anywhere.
Our verification process is in place to ensure aml procedures are carried out in accordance with the law Auctioneers Additional Comments The advertised price is commonly referred to as a Starting Bid or Guide Price and is accompanied by a Reserve Price.
The Reserve Price is confidential to the seller and the auctioneer and will typically be within a range above or below 10% of the Guide Price, Starting Bid. These prices are subject to change.
An auction can be closed at any time with the auctioneer permitting for the property (the lot) to be sold prior to the end of the auction.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding.
The Legal Pack will also outline the buyers obligations and sellers commitments.
It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
Auctioneers Additional Comments In order to secure the property and ensure commitment from the seller, upon exchange of contracts, the successful bidder will be expected to pay a non-refundable deposit equivalent to 5% of the purchase price.
The deposit will form part of the purchase price.
A non-refundable reservation fee of up to 6% inc VAT (Subject to a minimum fee which could be up to 7,200 inc VAT) is also payable upon agreement of sale.
The Reservation Fee is in addition to the agreed purchase price, and consideration should be given by the purchaser to any Stamp Duty Land Tax liability associated with the overall purchase costs.
Both the Marketing Agent and the Auctioneer may consider it necessary or beneficial to pass customer details to third-party service suppliers, from whom a referral fee may be received.
There is no requirement or obligation to use any recommended suppliers or services.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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
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FAQ
About The Complex, Church Gate, Spalding
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