2-bedroom property · NG23 7HA
Listing removedListed 784 days
Opportunity summary
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About
In a beautiful location with both lake (for which fishing is included) and far reaching countryside views, this is a brand new two double bedroom (as well as dressing room) holiday home with all year round, 52 weeks, use that is fully furnished (including furniture, appliances and soft furnishings) that allows pets (at the site owners discretion), as well as the home having its own parking and gardens, There is an on-site reception, and facilities at North Scarle village, only 2 miles away, include a shop with post office, a public house & primary school, and it is only 11 miles to the cathedral city of Lincoln.
The property, a bespoke Tingdene 'Harrington’ 40 ft x 20 ft park home, consists of recessed front door porch with ceiling light, open plan entrance lobby and hall, and dual aspect open plan lounge kitchen diner with part vaulted ceiling, full height windows and French doors to the decking with lake views.
The modern fitted kitchen includes soft closure units, peninsula (with sink and 4 seat breakfast bar), built in fridge freezer etc.
There is also the modern bathroom (having a separate shower over the bath, and a shaver light), the master bedroom with open plan dressing room (having range of built in wardrobes), and a modern en-suite with double width shower, while the dual aspect second double bedroom has a built in double wardrobe.
Outside with both lake having fishing included and far reaching countryside views, the gardens are fully laid to lawn and extend around the property including to the French doors accessed glass balustrade enclosed balcony having views over the lake.
To the front there is this property's own grey gravelled drive. This brand new property also benefits from UPVC double glazing including French and exterior doors, central heating, external lighting.
The annual ground rent is £2,800 pa and includes fishing, water and drainage.
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 Eagle Road, Spalford, Newark
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