11-bedroom detached house · PE10 9EZ
For saleListed 632 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A fantastic opportunity to purchase this established bed & breakfast with separate living accommodation located in the heart of Bourne with plenty of parking.
The property offers huge potential an could be used for numerous business possibilities including potential HMO use and really must be viewed to fully appreciate the potential on offer.
Upstairs there is a self-contained flat with its own separate entrance that could easily be used as further rental accommodation and on the ground floor there are 7 rentable rooms with a further commercial kitchen, lounge and dining area that again could be used as further rental.
Dormy House is a one off property offering lots of possibilities and for more information please give the team a call on .
SEPARATE LIVING ACCOMMODATION Lounge 4.72m x 3.2m Radiator, UPVC double glazed window to the front aspect, TV point, storage cupboard.
Dining Area 2.46m x 2.41m UPVC double glazed window to the front aspect.
Laundry Room Fitted with wall mounted and base units, space and plumbing for washing machine, UPVC double glazed window to the side aspect, sink and worktop.
Stairs Leading to First Floor Radiator. Bedroom One 3.63m x 3.38m UPVC double glazed window to the front aspect, double radiator.
Bedroom Two 3.63m x 3.28m UPVC double glazed window to the front aspect, double radiator Bedroom Three 3.68m x 2.6m UPVC double glazed window to the rear aspect, double radiator.
Bedroom Four 3.68m x 1.6m UPVC double glazed window to the rear aspect, radiator.
Bathroom Fitted with a three piece suite comprising corner bath with shower over, wash hand basin, low level wc, heated towel rail, UPVC double glazed window to the rear aspect.
Ground Floor Commercial Element Hallway Access to parking space, office, laundry room and linen store.
Breakfast/Dining Room 4.42m x 3.48m UPVC double glazed window to the rear aspect.
Kitchen 4.78m x 4.65m Fitted with a range of wall mounted, base and drawer units, commercial sink, worktop, space for fridges and freezer, UPVC double glazed window to the side aspect, seven ring gas range and grills style oven.
Guestrooms As Part of the Main Building Guest Bedroom Six 2.97m x 2.62m UPVC double glazed window to the front aspect, radiator, built-in wardrobes.
En Suite Fitted with a three piece suite comprising wash hand basin, low level wc, shower cubicle and UPVC double glazed window to the front.
Guest Bedroom Seven 3.63m x 2.57m UPVC double glazed window to the front aspect, radiator, built-in wardrobes.
Rear Lobby Good sized under stairs cupboard and a covered lean to giving access to:- Guest Bedroom One 3.28m x 3.23m UPVC double glazed window to the side aspect, double radiator, built-in wardrobes.
En Suite Fitted with a three piece suite comprising shower cubicle, low level wc, wash hand basin, extractor fan.
Guest Bedroom Two 3.23m x 3m UPVC double glazed window to the side aspect, double radiator, built-in wardrobes.
En Suite Fitted with a three piece suite comprising shower cubicle, low level wc, wash hand basin, extractor fan.
Guest Bedroom Three 3.23m x 3.23m UPVC double glazed window to the side aspect, double radiator, built-in wardrobes En Suite Fitted with a three piece suite comprising shower cubicle, low level wc, wash hand basin, extractor fan.
Guest Bedroom Four 3.23m x 2.82m UPVC double glazed window to the front aspect, built-in wardrobes, radiator.
En Suite Fitted with a three piece suite comprising shower cubicle, low level wc, wash hand basin, extractor fan.
Guest Bedroom Five 3.38m x 2.7m UPVC double glazed window to the side aspect, radiator.
En Suite Fitted with a three piece suite comprising shower cubicle, low level wc, wash hand basin, extractor fan. Outside There is a driveway leading to car parking spaces.
Agent Notes The property has a Commercial Energy Performance Rating of 80 (Band D) Agents note BUYER IDENTITY CHECK Please note that prior to acceptance of any offer, Waldeck Snarey & Brown ( Bourne) LLP t/a Winkworth are required to verify the identity of the buyer to comply with the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.
We are most grateful for your assistance with this.
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
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FAQ
About Meadowgate, Bourne, Lincolnshire, PE10
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