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 3AP
Listing removedListed 233 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
ACCOMMODATION UPVC leaded obscured double glazed door to the side elevation leading into: KITCHEN/BREAKFAST ROOM 12' 11" x 11' 8" (3.95m x 3.56m) Leaded UPVC double glazed window to the rear elevation, coved and textured ceiling, centre strip light, floor standing Marathon gas boiler, tiled flooring, fitted with a wide range of base and eye level units with work surfaces over, tiled splashbacks, inset stainless steel sink with mixer tap, integrated stainless steel hob, integrated Hotpoint electric fan assisted oven, pull out canopy extractor hood over, space for fridge freezer, storage cupboard off housing hot water cylinder with slatted shelving and central heating controls, door into Entrance Hallway.
ENTRANCE HALLWAY Obscured leaded UPVC double glazed door to the front elevation, coved and textured ceiling, centre light point, access to loft space, smoke alarm, radiator, TV point.
Door into: BEDROOM 1 11' 10" x 12' 10" (3.63m x 3.93m) Leaded UPVC double glazed window to the front elevation, coved and textured ceiling, centre light point, radiator.
BEDROOM 2 9' 0" x 11' 6" (2.75m x 3.52m) UPVC leaded double glazed window to the rear elevation, coved and textured ceiling, centre light point, radiator, recessed wardrobe/cupboard.
SHOWER ROOM 5' 6" x 6' 7" (1.69m x 2.02m) Obscured leaded UPVC double glazed window to the rear elevation, coved and textured ceiling, centre light point, vinyl floor covering, fully tiled walls, radiator, fitted with a two piece suite comprising low level WC and pedestal wash hand basin with taps and medicine cabinet over, wall mounted Triton Jade power shower.
From the Kitchen/Breakfast Room obscured double doors lead into: LOUNGE 12' 11" x 18' 9" (3.95m x 5.72m) UPVC leaded double glazed window to the front elevation, coved and textured ceiling, centre light point, 3 double wall lights, radiator, TV point, feature fireplace with marble insert and hearth with fitted coal effect gas fire.
EXTERIOR A gravelled driveway leading into extensive block paved driveway providing off-road parking. The front garden is mainly laid to shrubs and trees with raised borders. Lantern lighting.
Double wrought iron gated access leading into Car Port with further block paved driveway leading to: SINGLE GARAGE 8' 6" x 16' 0" (2.61m x 4.90m) Wooden access door to the side elevation, glazed window to the rear elevation, power and lighting, gas meter, electric consumer unit board.
There is a wooden gate to the side with block paved pathway with shrub borders leading into: LOW MAINTENANCE REAR GARDEN Block paved patio area, further paved patio area, raised shrub borders, trees, glasshouse, cold water tap, fenced boundaries to both sides and to the rear elevations.
DIRECTIONS From Spalding centre proceed in a southerly direction along the west bank of the River Welland along London Road continue without deviation to the T junction opposite the BP Service Station turning right into Little London.
Proceed then take a right hand turning (on the sharp left hand bend) into The Raceground.
AMENITIES The town has a wide range of shopping, banking, leisure, commercial and education facilities along with the Springfields Shopping Outlet , Festival Gardens and Spalding Golf Course.
The cathedral city of Peterborough is approximately 19 miles to the south and has a fast train link with London Kings Cross (minimum journey time 50 minutes).
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 The Raceground, Spalding Common
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