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See how verdicts work3-bedroom detached house · PE22 9HU
Listing removedListed 323 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
SOLD AT AUCTION FOR £217,000 A detached three bedroom house in need of major renovation set within 2.97 acres ideal for a developer/investor.
This three bedroom detached house is set within 2.97 acres of a former market garden with some greenhouses and outbuilding in the grounds.
The house and grounds are in need of major refurbishment and is being sold as seen.
The accommodation comprises three reception rooms, kitchen, utility, with three bedrooms and a bathroom on the first floor. The grounds extend to 2.97 acres which is very over grown.
An ideal project for a developer as part of the land has road frontage. Any viewers need to take care when viewing as the previous owners belongings remain in situ.
Old Leake is located North of Boston and offers a school and Co Op store with more extensive facilities found at Boston including a rail link.
Ground floor Hall, lounge, dining room, study, kitchen and a utility room.
First floor Landing, three bedrooms and a bathroom Outside Various greenhouses and outbuildings and grounds extending to 2.97 acres.
Tenure: See Legal Pack EPC Rating: F Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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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 Wranglesleake, Wainfleet Road, Old Leake, Boston PE22 9HU
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