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 work2-bedroom bungalow · PE11 3LJ
For saleListed 263 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
181 BOURNE ROAD 3 bedroom detached bungalow situated on the edge of town. Accommodation comprising entrance porch, entrance hallway, lounge, kitchen, shower room, 3 bedrooms and conservatory.
Mature gardens to the rear, multiple off-road parking, single garage.
ACCOMMODATION OPEN PORCH 2 lantern lights, wooden obscured glazed door with matching obscured glazed panels to the side leading into: ENTRANCE HALLWAY 14' 11" x 11' 9" (4.57m x 3.60m) maximum Coved and textured ceiling, centre light point, access to loft space, smoke alarm, vinyl mosaic flooring, radiator, central heating thermostat, storage cupboard off housing Worcester Bosch boiler with slatted shelving, door to: LOUNGE 11' 4" x 18' 0" (3.47m x 5.51m) 2 UPVC double glazed windows to the front elevation, coved and textured ceiling, 2 centre light points, double radiator, dimmer switch, Walnut effect laminate flooring, TV point, telephone point, feature brick fireplace with wooden mantle.
From the Entrance Hallway a door leads into: BEDROOM 1 10' 7" x 10' 5" (3.25m x 3.19m) UPVC double glazed window to the front elevation, coved and textured ceiling, centre light point, radiator.
BEDROOM 2 8' 2" x 10' 9" (2.49m x 3.30m) UPVC double glazed window to the rear elevation, coved and textured ceiling, centre light point, radiator.
BEDROOM 3 7' 6" x 8' 0" (2.30m x 2.45m) UPVC double glazed French doors leading into Conservatory, coved and textured ceiling, centre light point, radiator, vinyl mosaic flooring.
CONSERVATORY 8' 0" x 9' 5" (2.45m x 2.88m) Dwarf brick wall and UPVC construction, UPVC double glazed windows to both sides and to the rear elevations, UPVC double glazed door to the rear elevation, tiled flooring, power points, centre spotlight fitment.
From the Entrance Hallway a door leading into: SHOWER ROOM 6' 11" x 7' 5" (2.12m x 2.27m) Obscured UPVC double glazed window to the rear elevation, coved and textured ceiling, centre light point, tiled flooring, part tiled walls, radiator, fitted with a three piece suite comprising low level WC, wash hand basin with taps, fully tiled cubicle with fitted power shower over.
From the Entrance Hallway a door leading into: KITCHEN 10' 5" x 10' 10" (3.19m x 3.32m) UPVC double glazed window to the rear elevation, coved and textured ceiling, centre strip light, tiled flooring, fitted with a wide range of base and eye level units, display glazed units, work surfaces over, inset stainless steel sink with mixer tap, plumbing and space for washing machine, space for gas cooker, space for fridge and freezer, UPVC obscured double glazed door to the side elevation.
EXTERIOR Extensive gravelled driveway with shrub and tree borders to the front elevation. Electric sockets, gated access to further concrete paved area for parking.
REAR GARDEN Extensive patio area, raised decking, cold water tap, lighting, wooden garden shed, mainly laid to lawn with a wide range of mature shrubs and tree borders, field views to the rear elevation.
GARAGE Up and over door, power and lighting. WOODEN GARDEN SHED SERVICES Bio Chester drainage system. Mains water and electricity. Gas central heating.
DIRECTIONS From Spalding proceed in a westerly direction along Winsover Road continue into Bourne Road and at the traffic lights at the Monks House Lane junction proceed straight on into the continuation of Bourne Road and the property is situated on the left hand side.
AMENITIES Local amenities within walking distance including Monks House Primary School, butchers shop, general stores etc.
The town centre is just over a mile distant and offers a full range of shopping, banking, leisure, commercial, educational and medical facilities along with bus and railway stations.
The property is also conveniently situated for access via Pode Hole and South Drove to the south of town and the A16 to Peterborough (18 miles) from where there is a fast train with London's Kings Cross minimum journey time 48 minutes.
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.
Area
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FAQ
About 181, Bourne Road, Spalding
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