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 work3-bedroom semi-detached house · PE11 2GF
For saleListed 116 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ACCOMMODATION Part glazed front entrance door opening into: ENTRANCE HALL 7' 7" x 3' 7" (2.33m x 1.10m) Ceiling light, central heating thermostat control, integrated doormat, fitted carpet, staircase off, door to: CLOAKROOM 5' 8" x 2' 10" (1.74m x 0.88m) Low level WC, corner bracket hand basin, obscure glazed window, consumer unit, ceiling light, radiator.
LOUNGE 13' 0" x 12' 1" (3.97m x 3.70m) UPVC window to the front elevation, fitted carpet, ceiling light, radiator, TV point, coal effect gas fire with decorative surround, telephone point, understairs store cupboard, glazed double door to: DINING ROOM 10' 9" x 7' 9" (3.28m x 2.38m) French doors to the rear elevation, ceiling light, radiator, laminate flooring, door to: KITCHEN 7' 5" x 10' 8" (2.28m x 3.26m) Half glazed composite external entrance door, window to the rear elevation, wall mounted Ideal gas fired central heating boiler, range of base cupboards and drawers, eye level wall cupboards, built-in oven, 4 burner gas hob, concealed cooker hood, plumbing and space for washing machine, vinyl floor covering, partial wall tiling, radiator, ceiling lights, window overlooking the garden.
From the Entrance Hall the carpeted staircase rises to: FIRST FLOOR LANDING Fitted carpet, radiator, access to loft space, smoke alarm, store cupboard with hanging rail, doors arranged off to: BEDROOM 1 12' 6" x 9' 7" (3.82m x 2.93m) plus large recess, with shelving and twin hanging rails, radiator, UPVC window to the front elevation, ceiling light, fitted carpet.
BEDROOM 2 7' 7" x 8' 10" (2.32m x 2.71m) Fitted carpet, UPVC window to the rear elevation, radiator, ceiling light.
BEDROOM 3 7' 7" x 6' 7" (2.32m x 2.02m) UPVC window to the rear elevation, fitted carpet, radiator, ceiling light.
BATHROOM 6' 5" x 6' 2" (1.98m x 1.88m) Panelled bath with mixer tap and shower over with glazed screen, pedestal wash hand basin, low level WC, vinyl floor covering, radiator, obscure glazed UPVC window, extractor fan, ceiling light.
EXTERIOR Occupying a corner plot on the corner of Franklin Drive and Burton Road, the property has an open plan lawned frontage, pathway to the front door, externally mounted gas and electricity meters, vehicular access off Burton Road to a tarmacadam driveway with parking for 2 to 3 cars.
Gated access to the: ENCLOSED REAR GARDEN Laid to lawn with a paved patio and close boarded timber fencing to the side and rear boundaries.
DIRECTIONS From the centre of Spalding proceed in a westerly direction along Winsover Road, taking the first left hand turning at the traffic lights into St Thomas Road.
Proceed without deviation, passing the Grammar School, right down to the end and turn right into Magellan Way.
Proceed to the end, turning left and following the road round turning left again into Franklin Drive and the property is situated on the left hand side.
AMENITIES Local schools and the town centre are within easy access.
Spalding has a full range of shopping, banking, leisure, commercial, educational and medical facilities along with bus and railway stations.
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 Franklin Drive, Spalding
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