3-bedroom terraced house · PE38 0NB
Sold STCListed 71 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Offered to the market for cash buyers only, this three-bedroom end-terrace house presents an opportunity for buyers seeking a full renovation project.
The accommodation comprises a reception room, kitchen and ground floor cloakroom. To the first floor are three bedrooms and a family bathroom.
Externally, the property benefits from a generous garden and a garage, providing useful outside space and storage.
The property requires complete refurbishment throughout and offers scope for improvement, subject to any necessary consents where applicable.
Once renovated, it has the potential to become a comfortable family home or investment property.
The property is located in the village of Southery, which offers a range of everyday amenities, with further shopping, schooling and leisure facilities available in the nearby market towns.
Entrance Hall 3' 0" x 3' 8" (0.91m x 1.12m) Living Room 16' 7" x 12' 8" (5.05m x 3.86m) Kitchen 13' 4" x 9' 1" (4.06m x 2.77m) Cloakroom 2' 10" x 4' 11" (0.86m x 1.50m) Landing 5' 7" x 9' 1" (1.70m x 2.77m) Bedroom 1 10' 2" x 12' 9" (3.10m x 3.89m) Bedroom 2 10' 10" x 9' 0" (3.30m x 2.74m) Bedroom 3 6' 3" x 9' 9" (1.91m x 2.97m)
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
Agent & docs
FAQ
About 14, Recreation Drive, Southery
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