Modern Method of Auction
Auction date not yet published
4-bedroom detached house · NG34 0AE
For saleReduced £10k (−3.7%) on 21 AugListed 311 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Method Of Auction - T & c's Apply.
An exciting opportunity to purchase a period family home that has played an interesting part in the history of the village having once been its shop and post office.
The property offers extensive accommodation full of character features extending to some 1618sqft.
The present vendors rescued the property from a near derelict state and undertook a comprehensive scheme of refurbishment work however time has now lapsed and the property is at a point where it again offers immense potential for a buyer to undertake further work and possible extension subject to relevant consents.
The current configuration of the property including the attached two storey barn to the rear provides a number of options as to how this could be done and viewing is recomended to fully appreciate this potential.
The vendors have also invested in a biomass heating system.
The existing accommodation includes entrance, lounge, dining room which was used as a bakery, snug / bedroom 4, utility, boiler room with an existing stone wall from the original house which dates back to the Georgian period of 1700's, former shop which is a very versatile space and currently used as bedroom 3 / family room with the original Victorian shop window that has been restored, kitchen, bathroom and to the first floor are two generous bedrooms one having a further dressing room / study off but could be used alternatively.
Outside the property enjoys a generous plot with extensive off road parking and mature gardens.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall Lounge 4.26m x 4.2m - 13'12” x 13'9” Snug 3.33m x 2.44m - 10'11” x 8'0” Dining Room 4.42m x 3.94m - 14'6” x 12'11” Kitchen 4.02m x 3.2m - 13'2” x 10'6” Bathroom 2.05m x 1.3m - 6'9” x 4'3” WC Boiler Room 3.06m x 1.46m - 10'0” x 4'9” Utility 2.81m x 1.77m - 9'3” x 5'10” Bedroom 4/Office 4.52m x 3.9m - 14'10” x 12'10” First Floor Landing Bedroom 1 4.28m x 4.16m - 14'1” x 13'8” Attic Space 1 3.17m x 3.15m - 10'5” x 10'4” Attic Space 2 4.49m x 3.15m - 14'9” x 10'4” Bedroom 2 4.3m x 2.59m - 14'1” x 8'6” Bedroom 3 Off Bedroom 2 4.54m x 3.84m - 14'11” x 12'7” Outside Barn Downstairs 5.51m x 3.89m - 18'1” x 12'9” Barn Upstairs 5.51m x 3.89m - 18'1” x 12'9”
Value & comps
No previous sales on record.
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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 starting price
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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
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FAQ
About 6, Main Street, Sleaford
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