Modern Method of Auction
Auction date not yet published
3-bedroom terraced house · NG34 7NN
For saleListed 24 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We’re delighted to offer for sale with no onward chain this three bedroom terraced house situated on King Edward Street, just off Grantham Road.
We don’t often come across properties like this that require renovating, making this a fantastic opportunity for someone looking for a project.
The property offers plenty of potential and would make an ideal investment for someone looking to modernise and add value, or alternatively a great home for someone wanting to put their own stamp on a property.
The accommodation briefly comprises an entrance hall, lounge, dining room, kitchen with pantry and bathroom. To the first floor there are three good sized bedrooms.
To the rear of the property is an enclosed garden, offering a private outdoor space.
Overall, this is a property with plenty of potential and we feel it would suit a variety of buyers, whether you’re an investor looking for your next project or a buyer looking for a home that can be modernised to your own taste.
An early viewing is highly recommended to appreciate the potential this property has to offer. This property is being offered for sale by the Modern Method of Auction.
The successful buyer will have 56 working days to exchange and complete (the Reservation Period), allowing time to arrange mortgage finance where required.
If you are the successful bidder, you'll enter into a Reservation Agreement and pay a non-refundable Buyer's Premium.
This secures the property, removes it from the market and helps provide greater certainty for both buyer and seller.
This property is subject to an undisclosed Reserve Price, which is typically no more than 10% above the Starting Bid. For more information, please contact the agent or visit GOTO Online Auctions.
Entrance Hall 4.32m x 1.04m Lounge 3.43m x 3.23m Dining Room 4.37m x 3.5m Kitchen 2.57m x 2.54m Pantry 1.3m x 1.2m Bathroom 2.2m x 1.8m Landing 3.1m x 1.6m Bedroom 1 4.37m x 3.4m Bedroom 2 3.1m x 2.72m Bedroom 3 3.4m x 2m Agents Note The successful buyer will be required to pay the below non-refundable fees: • Buyer's Premium: 3.6% of the purchase price plus VAT (subject to a minimum of £6,600 including VAT) • Legal Pack Fee: £396.00 including VAT The Buyer's Premium is payable in addition to the purchase price and may be taken into account when calculating Stamp Duty Land Tax (SDLT).
Agents Note If you intend to purchase using mortgage finance, you should satisfy yourself that the property is suitable for the purposes for which you intend to use it and that it meets your lender's requirements to secure lending before bidding.
A Legal Pack is available for this property and should be reviewed carefully before bidding.
Neither GOTO Group nor the estate agent accepts any responsibility or liability for the accuracy or completeness of the Legal Pack and shall not be liable for any loss or damage arising from any inaccuracies, omissions or errors contained within it.
Buyers should review the Legal Pack carefully, carry out their own due diligence and obtain independent legal advice where appropriate before proceeding.
Agents Note Please be aware that the property details may change and should not be relied upon as a full or exact description of the home.
While the information provided is believed to be correct, we cannot guarantee its accuracy and it does not form part of any contract.
Where a title plan is available, this will be used in marketing; if not, boundary lines will be shown based on our best understanding of the property.
All services and appliances have not been tested, and buyers are advised to ask their solicitor to obtain any relevant information, including service or warranty documents.
All measurements are approximate and should not be relied upon for the purchase of floor coverings.
Agents Note In accordance with UK law, we are required to carry out Anti-Money Laundering (AML) checks on all parties involved in the sale or purchase of a property.
We follow HMRC guidance and take this responsibility seriously.
Our trusted partner, Landmark, will conduct the initial checks on our behalf and will contact you once your offer has been accepted to complete the process, which may include electronic or biometric verification.
A non-refundable fee of £20 (including VAT) per buyer is payable directly to Landmark and covers data collection, manual checks, and ongoing monitoring; all AML checks must be completed before your offer can be formally accepted.
We also work with trusted third-party partners to support buyers and sellers and, while you are free to choose any provider, we may refer you to a solicitor or financial advisor if required.
If you choose to use a referred solicitor, we may receive a referral fee of up to £150, and if you choose to use a referred financial (truncated)
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
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 King Edward Street, Sleaford, Lincolnshire, NG34
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