2-bedroom semi-detached house · LN4 3FJ
Listing removedListed 162 days
Opportunity summary
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About
**AFFORDABLE HOME SCHEME** AVAILABLE LATE SUMMER 2024 - 2 BEDROOM SEMI DETACHED HOUSE. Homestead Fields is a prestigious development of 329 homes built by Wilcox Homes.
Offering a superior quality property with outstanding attention to detail within a highly desirable location, surrounded by history and nature.
The criteria for purchasing an affordable property is as follows.
Priority 1: Persons having a Local Connection to Metheringham Priority 2: Persons having a Local Connection to Blankney, Boothby Graffoe, Coleby or Dunston Priority 3: Persons having a Local Connection to North Kesteven District in Housing Need Priority 4: Persons having a Local Connection to North Kesteven District not in Housing Need Priority 5: Resident from outside North Kesteven in Housing Need Priority 6: Resident from outside North Kesteven not in Housing Need ‘Local Connection’ means any of the following: Applicant(s) have been permanently resident in the locality for the last 6 months; Applicant(s) have immediate family members who are currently and have been continuously resident for the last 5 years in the locality.
Family members are defined as parents/guardians, adult children or brothers or sisters; Applicant(s) have previously lived in the locality for a continuous period of 12 months (whilst aged 18 or over) in the last 5 years; Applicant(s) main place of work is in the locality for a continuous period of 12 months.
EPC rating: B. METHERINGHAM Metheringham is a large thriving village with a Doctors and a Veterinary Surgery and a place where family-run businesses can be found throughout.
It has a Cafe; Convenient stores a Co-op in the high street, and a traditional butcher's shop, which has been trading in the village for over 80 years as well as various other shops, restaurants and services.
It has four public houses and a popular Squash Club. The village offers local schools for children of all ages, including the excellent Metheringham Primary School.
The Secondary school is in the catchment area for Branston Community Academy and St Georges Academy as well as the Grammar schools in Sleaford. All consistently rated as 'outstanding' by Ofstead.
There is a train station with a direct link to Lincoln and the new Eastern by-pass allows easy access to the North of the City.
A mile down the road is the highly rated Prestigious Blankney Golf Course which is a stunning park land course.
AFFORDABLE HOME SCHEME This is an Affordable property and purchasers must be approved by North Kesteven District Council as being eligible in line with criteria within the Section 106 legal agreement.
The affordable price is set at 74.7% of open market value and there is a legal restriction on the property to ensure it shall always remain as an affordable property.
For more information please contact the sales office on .
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About Simmonds Way, Metheringham, LN4
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