We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work3-bedroom house · PE23 5EU
Listing removedListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Ideally situated within walking distance of Spilsby town centre and its range of local amenities, this well-presented terrace home offers comfortable and practical living accommodation, perfect for modern day living.
The ground floor comprises of an entrance hall, a bright and spacious lounge, a stylish dining kitchen ideal for both everyday meals and entertaining and a convenient cloakroom.
To the first floor are three bedrooms and a family bathroom.
Externally, the property benefits from a fully enclosed, low-maintenance rear garden, perfect for relaxing or outdoor dining, along with two allocated parking spaces to the rear.
Additional features include gas central heating and double glazing throughout.
EPC Rating: C Accommodation Front entrance door with fanlight above through to the: Entrance Hall Having radiator and staircase rising to first floor.
Lounge (4.93m x 3.45m) Having window to front elevation, radiator, wood effect flooring and understairs storage cupboard.
Dining Kitchen (4.47m x 2.77m) Having window & french doors to rear elevation, inset ceiling spotlights, radiator and wood effect flooring.
Fitted with a range of base & wall units with wood block work surfaces & tiled splashbacks comprising: Belfast style ceramic sink with mixer tap inset to work surface, cupboard, space & plumbing for automatic washing machine under.
Work surface return with inset gas hob, integrated electric oven & cupboards under, cupboards & stainless steel cooker hood over.
Work surface return with cupboard & drawers under, space for upright fridge/freezer to side. Cloakroom Having radiator, close coupled WC and hand basin.
First Floor Landing Having access to roof space, built-in cupboard and further built-in cupboard housing gas fired boiler providing for both domestic hot water & heating.
Bedroom One (4.09m x 2.93m) Having window to front elevation and radiator. Bedroom Two (3.58m x 2.49m) Having window to rear elevation and radiator.
Bedroom Three (2.16m x 2.01m) Having window to front elevation and radiator. Bathroom Having window to rear elevation, heated towel rail, wood effect flooring, tiled splashbacks and extractor.
Fitted with a suite comprising: Panelled bath with mixer shower fitting & anti-splash screen over, WC with concealed cistern and hand basin on vanity unit with cupboard under.
Exterior To the front of the property there is a small gravelled garden enclosed by wrought iron railings with a pedestrian handgate and paved footpath leading to the front entrance door.
Rear Garden Being enclosed with gated access to the far rear. Having a paved patio & footpath, artificial grass area and garden shed.
The property also has two allocated parking spaces to the rear. Services The property has mains gas, electricity, water and drainage connected.
Heating is via a gas fired boiler serving radiators and the property is double glazed. The current council tax is band A.
Lifetime Legal We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Agent's Notes These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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 asking
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.
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FAQ
About 42 Pooles Lane, Spilsby
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