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See how verdicts work5-bedroom house · LN10 6RY
For saleListed 140 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
No Onward Chain! Spence House is a versatile family home with holiday accommodation / annex potential located to an extremely attractive position within the popular inland resort of Woodhall Spa.
Within close proximity of the golf course, home of England Golf, the property will suit a range of potential purchasers, with many of the spaces on offer being particularly flexible.
The property is currently laid out with a rear entrance porch, stepping through to the large Breakfast Kitchen with open doorway (beneath a surround crafted from an oak that once stood over Hole 18 at the nearby course) stepping through to the large lounge, with a South-facing Conservatory off the rear.
Accommodation continues with side hallway spaces accessing a bathroom and bedroom; with a larger, central hallway space with Garden Room to the side.
The ground floor is complete with a utility, further bedroom (also accessible from the holiday let), dining room and office – plus the self-contained one-bedroom holiday accommodation with separate kitchen and living room, plus shower room.
The first floor begins with a wide landing area, off which two bedrooms (including master with en suite), a bathroom and eaves storage are accessed.
Externally, the property provides ample gravelled parking for a number of vehicles, a double garage, and garden spaces largely laid to lawn, including a side garden private to the holiday accommodation.
Woodhall Spa is a beautiful, large village with a range of leisure facilities and independent shops alongside public transport links, doctors’ surgery, supermarket, and further services.
The county city of Lincoln is within a 20-mile drive, while the market town of Horncastle and well serviced adjacent villages of Tattershall and Coningsby are within closer proximity.
Accommodation - The property is entered to the rear through a uPVC double glazed door to the rear porch, with uPVC double glazed windows to side and rear.
There is tiled flooring, multiple power points and uPVC double glazed French doors to: Breakfast Kitchen - 20'9" x 14'7" - With uPVC double glazed window to side and having sink to bevel edge worktop, storage units to base and wall levels plus large island.
There is a Neff oven, steam oven, Rangemaster infusion double oven, hob beneath matching extractor, integrated full height fridge and freezer and dishwasher.
There is a corner pantry cupboard, radiator, multiple power points, wooden door to side hallway space and open double doorway beneath oak arch to: Lounge - 19'3" x 13'9" - With uPVC double glazed window to rear, lights to ceiling and wall and having fire to stone surround with oak overmantel.
There is a television point, multiple power points and French doors to rear to: Conservatory - 9'10" x 9'4" - With uPVC French doors, double glazed windows to sides and rear, wood effect flooring and multiple power points.
Bathroom - 8'6" x 7' - With uPVC double glazed obscure window to side and having low-level WC, hand wash basin and corner shower cubicle.
There is board to walls, wood effect flooring, heated towel rail and wooden door to storage space.
Side Hallway - With wood effect flooring, radiator, multiple power points and wooden doors to coat store, bedroom and main hallway.
Bedroom - 12'3" x 9'7" plus wardrobe space - With uPVC double glazed window to side, radiator, wood effect flooring, multiple power points and wooden door to cupboard housing gas fired boiler.
Garden Room - 31'3" x 10'5" total - With uPVC double glazed French doors, windows to side and uPVC double glazed ceiling.
There is a brick fireplace with log burning stove on tiled stand, radiators, multiple power points, wood effect flooring and wooden doors to further accommodation including: Utility Room - 6'5" x 6' - With uPVC double glazed high level obscure window to side and having low-level WC, sink and drainer to square edge worktop and space and connections for washing machine.
There is storage units to base and wall levels and tiled flooring.
Bedroom - 11'4" x 9'4" - with both doors locking, can be incorporated to main house or annex With radiator, multiple power points and radiator.
Dining Room - 18' x 12'7" max - With uPVC double glazed windows to side and having light to ceiling and wall, radiator, multiple power points and wood effect flooring.
Office - 12'9" x 7'9" - With uPVC double glazed window to side, wood effect flooring; radiator and multiple power points.
First Floor Landing - 22'10" x 14'9" - With uPVC double glazed windows to side and front and having radiator, multiple power points and wooden doors to first floor accommodation and eaves storage with built-in cupboards Bedroom - 14'2" x 11'6" - With uPVC double glazed window to rear, radiator and multiple power points.
Bathroom - 13'2" x 10'11" - With skylights to rear and having low-level WC; storage units to three sides, bath with shower over and tiles surround.
There is a hand wash basin to storage unit and wood door to airing cupboard.
Bedroom - 14'5" x 10'1" - With uPVC double glazed window to rear, radiator, multiple power points and wooden door to: En-Suite Shower Room - 7'10" x 6' - With low-level WC, pedestal sink and corner shower cubicle with tiled surround and electric shower over.
There is a heated towel rail and wood effect flooring Holiday Let / Annexe - Accommodation - Entered into the front, through composite double-glazed door with full height window alongside into: Dining Kitchen - 14' x 13' - With uPVC double glazed window to front and having modern units to base and wall levels, Zanussi double oven, hob beneath extradite canopy, integrated fridge, dishwasher and wall mounted gas fired boiler.
There is a radiator, multiple power points, tiled flooring and wooden doors to bathroom and to: Lounge - 16'6" x 12'10" - With uPVC double glazed bay window to front with oak window seat, radiator, wood effect flooring and wooden doors to Bedroom - 13'1" x 12'9" - With uPVC double glazed window to front and door to side.
There is a radiator, wood effect flooring and multiple power points Bathroom - 6'4" x 6'3" - With low-level WC, hand wash basin to storage unit and walk-in shower cubicle.
There is tiled flooring, boards to walls and heated towel rail.
Outside - The property is approached between brick columns to an open driveway frontage, with the long, wide gravelled drive continuing across the front and down the side to provide space for a number of vehicles, and access to the Detached Double Garage at the rear.
The front garden space is laid to lawn with mature bushes and hedging to the front; to the side is a private garden serving the holiday let, and a further garden spaces ideal for children and pets, being well-secured.
The rear is a further lawned garden space with gravelled beds in front of the fencing; open to the drive and continuing across to the garage. Further Information - All mains’ services.
Gas central heating. UPVC double glazing. Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincolnshire LN9 6PH. Tel No: .
DISTRICT COUNCIL TAX BAND = F EPC RATING = C
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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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.
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