3-bedroom house · PE23 5GB
Listing removedListed 224 days
Opportunity summary
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About
A superbly presented three bedroomed property situated in the market town of Spilsby, on the edge of the Lincolnshire Wolds.
Accommodation comprises an entrance hall, ground floor cloakroom, lounge, modern kitchen with some integrated appliances, three well proportioned bedrooms, en-suite shower room to bedroom one and a family bathroom.
Further benefits include allocated parking to the rear, enclosed rear garden, gas central heating and uPVC double glazing.
Entrance Hall Having partially obscure glazed front entrance door, staircase leading off, wall mounted central heating thermostat, ceiling recessed lighting, radiator.
Ground Floor Cloakroom Being fitted with a two piece suite comprising corner pedestal wash hand basin with tiled splashback, push button WC, radiator, ceiling light point, wall mounted electric fuse box, obscure glazed window to front elevation.
Lounge 14' 8" (maximum taken into recess) x 11' 5" (maximum) (4.47m x 3.48m) Having feature window to front elevation, radiator, coved cornice, ceiling light point, additional ceiling recessed lighting, TV aerial point, under stairs storage cupboard.
Kitchen 14' 10" x 9' 2" (4.52m x 2.79m) Having a modern fully fitted kitchen comprising counter tops with matching upstands, inset one and a half bowl sink and drainer with mixer tap, range of base level storage units, drawer units, matching eye level wall units with under cupboard lighting, plumbing for automatic washing machine, five ring gas hob with glass splashback and illuminated stainless steel fume extractor above, integrated dishwasher, integrated oven and grill, integrated microwave oven, space for American style fridge freezer, tiled floor, radiator, ceiling recessed lighting, window to rear elevation, sliding patio doors leading to the rear garden, wall mounted gas central heating boiler.
First Floor Landing Having radiator, ceiling recessed lighting.
Bedroom Two 8' 1" x 11' 3" (2.46m x 3.43m) Having window to front elevation, radiator, ceiling recessed lighting, built-in double wardrobe with hanging rails and shelving within.
Bedroom Three 8' 1" (maximum) x 10' 5" (maximum) (2.46m x 3.17m) Having window to rear elevation, radiator, ceiling recessed lighting, built-in single wardrobe with hanging rail and shelving within.
Family Bathroom Being fitted with a modern three piece suite comprising P shaped bath with mixer tap and tiled splashback, wash hand basin with mixer tap and vanity unit beneath, WC with concealed cistern, radiator, ceiling recessed lighting, extractor fan, obscure glazed window to rear elevation, electric shaver point, built-in display niches with LED lighting within.
Additional Landing/Study Area 6' 6" x 6' 3" (1.98m x 1.91m) Having window to front elevation, radiator, ceiling recessed lighting, staircase leading to: - Bedroom One 15' 4" (maximum) x 14' 10" (maximum including stairwell) (4.67m x 4.52m) Having window to front elevation, two radiators, ceiling recessed lighting, ceiling light point, built-in double wardrobe with hanging rails and shelving within, fitted airing cupboard housing the hot water cylinder.
En-Suite Shower Room Having wash hand basin with mixer tap and vanity unit beneath, WC with concealed cistern, shower cubicle with wall mounted mains fed shower within and fitted shower screen, tiled floor, radiator, ceiling recessed lighting, extractor fan, electric shaver point, Fakro roof light window to rear elevation.
Exterior The property benefits from two allocated parking spaces to the immediate rear of the property.
Rear Garden Enjoying a pleasant, approximately westerly facing aspect and having been designed with a degree of low maintenance in mind, with block paving providing seating areas and slate borders.
A wrought iron gate leads to a rear section of the garden which comprises additional hardstanding and houses a timber shed (included in sale) served by power and lighting.
Services Mains gas, electricity, water and drainage are connected. Reference 26022026/30012519/joy
Value & comps
No previous sales on record.
Returns
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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 77, Lady Jane Franklin Drive, Spilsby
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