2-bedroom house · PE22 7RL
For saleListed 56 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Back Lands is a charming, two-bedroom cottage style home; providing characterful accommodation alongside a patio garden area to the front.
With a large lounge open to dining room, the ground floor continues with kitchen; study/hallway, bathroom and bedroom two - above are the principle bedroom and an adjacent shower room.
The property boasts an EPC- B (86) rating.
The property is located off the Main Road accessed via Right of Way up a gravelled driveway and with potential parking available subject to negotiation, on a rental / lease basis, in front of the (newly built) neighbouring property, from the current vendors.
Mareham le Fen is within a convenient driving distance of the Georgian market town of Horncastle and the large villages of Coningsby & Tattershall, providing a full range of services, amenities and schooling.
Within the village itself area a primary school, village shop/convenience store, St Helen's Church, fish and chip shop, community hall and the popular Royal Oak public house and restaurant.
Kitchen - 16'3" x 7'0" - With uPVC double glazed windows to front and side, obscured door to front. Lights to ceiling, skylight to side.
Storage units to base and wall levels, sink and drainer to roll edge worktop with breakfast bar opposite. Wood effect flooring, electric heater.
Cooker; space and connections for under counter washing machine and upright fridge-freezer. Living - Dining Room - 17'4" x 14'1" - With uPVC double glazed windows to front and side, lights to wall.
Ceiling beams and woodwork to walls. Electric fire to stone style surround, multiple power points, tiled flooring. Radiator. Staircase to first floor.
Study / Hallway - 7'9" x 9'1" - With uPVC double glazed window to rear, light to ceiling. Tiled flooring, doors to bedroom two and bathroom.
Bathroom - 7'8" x 9'10" - Having uPVC double glazed obscured window to side, light to ceiling. Low level WC, hand wash basin, bath with electric shower over.
Airing cupboard to corner, tiled to walls and floor, heated towel rail. Bedroom 2 - 8'0" x 7'2" - Having uPVC double glazed window to rear, light to ceiling.
Carpet, electric heater, mulitple power points. Bedroom 1 - 12'6" x 12'6" - With uPVC double glazed window to side, light to ceiling.
Built in wardrobes and further furniture; carpet, electric heater, multiple power points. En Suite - 5'5" x 4'3" - Having light to wall, low level wc, hand wash basin, shower with tiled surround.
Tiled flooring. Outside - The property enjoys a paved seating space to the front, facing the afternoon and evening sun; with storage space down the sides and path circling the property.
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 Main Street, Mareham Le Fen
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