2-bedroom flat · PE11 2TY
For saleReduced £5k (−4.3%) on 21 JunListed 254 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*Investment Opportunity* two-bedroom apartment situated within easy reach of Spalding town centre, offering convenient access to local amenities, sold with tenants in situ.
Featuring gas central heating, double glazing, and allocated parking. Fetching £725 pcm with a 7.57% yield.
Full accommodation comprises; Communal entrance, entrance hall, living room, kitchen, two bedrooms and bathroom.
Property & Services Information Mobile Coverage; 4G coverage is available in the area - please check with your provider.
Broadband availability; Ultrafast broadband (FTTP) is available in the area. Utilities; Mains Gas, electricity and mains water are connected.
Leasehold, 80 Years remaining, Service Charge £1,744.20 pa Communal Hallway Entrance Hall (8'10" x 4'0", 2.69m x 1.22m) Living Room (15'7" x 9'6", 4.75m x 2.9m) Kitchen (16'0" x 5'9", 4.88m x 1.75m) Bedroom (12'4" x 9'7", 3.76m x 2.92m) Bedroom (12'5" x 7'1", 3.78m x 2.16m) Bathroom (6'5" x 6'1", 1.96m x 1.85m) Disclaimer Disclaimer: Whilst these particulars are believed to be correct and are given in good faith, they are not warranted, and any interested parties must satisfy themselves by inspection, or otherwise, as to the correctness of each of them.
These particulars do not constitute an offer or contract or part thereof and areas, measurements and distances are given as a guide only. Photographs depict only certain parts of the property.
Nothing within the particulars shall be deemed to be a statement as to the structural condition, nor the working order of services and appliances
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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
Agent & docs
FAQ
About Flat Flat 2, 3, Cygnet Court, Spalding
Explore nearby
.png){kind=logo}
