3-bedroom house · PE22 7AZ
Listing removedListed 267 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Built in 2024 and benefitting from approximately eight years remaining on the structural new home warranty, this immaculately presented three-bedroom semi-detached home offers the reassurance of a new build - with the advantage of completed finishes and immediate availability.
Available on a 50% shared ownership basis with a deposit from as little as £4,500 (subject to lending criteria), the estimated combined monthly outgoings (mortgage plus rent) are in the region of £650–£750 per month - representing outstanding value for a modern three-bedroom home.
Unlike many shared ownership properties on new developments, there is no service charge, helping to keep monthly costs clear and manageable.
Extending to approximately 764 sq ft, the accommodation is thoughtfully designed to maximise natural light and everyday practicality.
The bright living room features French patio doors opening onto the generous west-facing rear garden, creating an inviting space ideal for relaxing or entertaining.
The home is fully carpeted and stylishly decorated throughout, including attractive panelled feature walls that add warmth and character beyond a typical new build finish.
The contemporary kitchen is fitted with integrated appliances, while gas central heating and hot water are provided via a combi boiler for efficient and familiar comfort.
Externally, the property benefits from private parking for two vehicles and a fully enclosed, turfed rear garden enjoying afternoon and evening sunshine - ready to enjoy without additional landscaping expense.
Located on Greenstone Close within the popular village of Mareham-le-Fen, the home enjoys a strong sense of community alongside attractive rural surroundings, while remaining conveniently placed for local shops, schools and nearby market towns.
The full market value is £180,000. Buyers may staircase up to 75%, and upon purchasing 100% ownership, the property becomes freehold.
This is an excellent opportunity to secure a nearly new, affordable home with long-term flexibility and genuine value in today’s market. Early viewing is highly recommended.
A short, free and no-obligation affordability assessment is required prior to viewing
Value & comps
No previous sales on record.
Returns
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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
Agent & docs
FAQ
About 2, Greenstone Close, Mareham-le-Fen
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