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 detached house · PE11 3HQ
Listing removedListed 192 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
3 FLORIADE CLOSE Spacious detached house in favoured cul de sac location with established large front, side and rear gardens, driveway and garage.
3 good sized bedrooms, bathroom and ground floor shower room. Recently updated bathroom, cloakroom, internal doors, flooring, decor etc. No onward chain.
ACCOMMODATION Part glazed UPVC front entrance door with similar side panel to: RECEPTION HALL 17' 7" x 6' 2" (5.36m x 1.88m) Laminate flooring, radiator, coved and textured ceiling, smoke alarm, understairs store cupboard, staircase off, door to: SITTING ROOM 12' 10" x 16' 7" (3.93m x 5.06m) plus bay window.
Dual aspect including curved bay, new carpet, coved and textured ceiling, ceiling light, open fire with brick surround and slabbed hearth, 2 radiators, arch to: DINING ROOM 11' 3" x 11' 8" (3.45m x 3.58m) Dual aspect including patio doors to the garden, fitted carpet, radiator, coved and textured ceiling, ceiling light.
BREAKFAST KITCHEN 11' 6" x 10' 4" (3.53m x 3.17m) New vinyl floor covering, range of base cupboards and drawers and eye level wall cupboards with intermediate metro style tiling, new worktops, one and a quarter bowl single drainer sink unit, coved and textured ceiling, newly fitted electric double oven, gas hob and extractor fan, strip light, radiator, further appliance space, door to: UTILITY ROOM 8' 5" x 6' 5" (2.58m x 1.98m) Radiator, store cupboard, new vinyl flooring, new worktops, tiled splashback, plumbing and space for washing machine, further appliance space, coved and textured ceiling, ceiling light, central heating timer control unit, UPVC window, half glazed external entrance door.
SHOWER ROOM Three piece suite comprising shower cabinet, newly fitted low level WC and wash hand basin, new vinyl flooring, obscure glazed UPVC window, shaver point, coved and textured ceiling, ceiling light, extractor fan.
From the Reception Hall the carpeted staircase rises to: GALLERIED FIRST FLOOR LANDING Fitted carpet, UPVC window, loft hatch, coved and textured ceiling, ceiling light, smoke alarm, radiator, doors arranged off to: BEDROOM 1 16' 8" x 10' 11" (5.09m x 3.33m) Fitted carpet, dual aspect, radiator, TV point, 3 double fitted wardrobes, coved and textured ceiling, ceiling light.
BEDROOM 2 11' 5" x 11' 10" (3.48m x 3.62m) Fitted carpet, dual aspect, coved and textured ceiling, ceiling light.
BEDROOM 3 10' 6" x 8' 0" (3.21m x 2.46m) Fitted carpet, rear window, radiator, coved and textured ceiling, ceiling light.
BATHROOM 7' 8" x 8' 10" (2.35m x 2.70m) plus recess including built-in Airing Cupboard.
Modern vinyl flooring, new three piece suite comprising panelled bath with Triton shower over, partial wall tiling, low level WC, wash hand basin, coved and textured ceiling, ceiling light, extractor fan, radiator, obscure glazed window.
EXTERIOR The property occupies a very large corner plot with two areas of front lawn and a side garden.
Initially shared driveway branching on to a private driveway leading to: ATTACHED GARAGE 17' 3" x 8' 7" (5.28m x 2.62m) Fuse box, gas central heating boiler, loft storage space, up and over door, power and lighting, concrete floor.
ESTABLISHED REAR GARDENS Lawn, patio, hand gate and fencing, metal shed.
DIRECTIONS From the centre of Spalding proceed in a westerly direction along Winsover Road, over the level crossing and then turn left into St Johns Road.
Up to the 'T' junction turning left into Hawthorn Ban and then right into The Parkway, first left into Hoekman Way and the property is situated on the left hand side on the corner of Floriade Close.
AMENITIES Local primary schools, shops, bus route and the town centre with all associated amenities all within easy access of the property.
Spalding has a full range of shopping, banking, leisure, commercial, educational and medical facilities along with bus and railway stations.
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
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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 3, Floriade Close, Spalding
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