3-bedroom terraced house · IP28 8WJ
Listing removedListed 69 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
**AVAILABLE NOW** 3 bedroom town house located in Red Lodge. The property comprises of a main bedroom with en suite and wardrobe with a further 2 double bedrooms., kitchen and a living room.
Externally the property has a garage and parking. Entrance Hall - With wood effect flooring. Cloakroom - With WC, basin, extractor fan and wood effect flooring.
Kitchen/Breakfast Room - 3.4m x 2.34m - Fitted kitchen with space for breakfast table, range of wall and base units, tiled splash back and inset stainless steel sink with mixer tap.
Integral appliances include a dishwasher, washing machine, 4 ring gas hob with extractor above and built in electric oven. Space for a fridge/freezer and cupboard housing boiler unit.
Window to the front aspect. Living/ Dining Room - 4.75m x 4.47m - With space for a dining table, under stairs storage cupboard and French doors out to the rear garden.
1st Floor - Bedroom 2 - 4.47m x 2.87m - A double room with fitted closet and two windows to rear aspect. Bedroom 3 - 4.32m x 2.36m - A double bedroom with window to the front.
Family Bathroom - White suite with WC, pedestal wash basin and panelled bath with shower attachment, part tiled walls and extractor unit. Tile effect flooring and window to front aspect.
Second Floor - Master Bedroom - 4.47m x 3.05m - With fitted double closet, bespoke fitted storage cupboards above the stairs and window to front aspect.
Ensuite - With a double shower cubicle, WC and pedestal wash basin with tiled splashback. Extractor unit, tile effect flooring and a Velux style window to the rear.
Outside - The rear garden is laid to lawn with a patio area and path leading to rear gate enclosed by wood fence boundaries. The single garage is located to the rear via the gate.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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 Spearmint Way, Red Lodge
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