1-bedroom flat · PE11 2QT
For saleListed 78 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Pygott and Crone are pleased to offer to market this ground floor one bedroom retirement property.
Georgian Court is situated within easy access to Spalding town centre and amenities and was constructed by McCarthy & Stone.
The complex comprises 26 one and two bedroom properties arranged over 3 floors served by a lift.
There is a communal Lounge, use of a Laundry Room, personal security intercom system and communal gardens.
There is a House Manager who may be contacted from various points within each property in the case of an emergency.
The accommodation itself comprises, Entrance hall with storage cupboard, shower room with low level walk in shower, WC and wash hand basin, bedroom with built in wardrobe, open plan lounge dining room with a door opening to the patio area and to complete the accommodation there is a fitted kitchen.
Viewing highly recommended and no onward chain. Parking is provided in the residents and visitors only parking area.
Please note - We have been advised that there is currently 104 years left on the lease, current annual service charge £4200 per annum and the current annual ground rent is £350.
Entrance Hall Lounge/Dining Room 6.47m x 5.09m - 21'3” x 16'8” Kitchen 2.72m x 1.74m - 8'11” x 5'9” Bedroom 3.84m x 2.66m - 12'7” x 8'9” Shower Room 2.71m x 2.14m - 8'11” x 7'0”
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
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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.
Area
Agent & docs
FAQ
About 55, Georgian Court, Spalding
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