2-bedroom flat · PE11 1LY
Sold STCListed 56 daysAuction 23 Sep · ended
Opportunity summary
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About
For sale by Online Auction. 23rd of September 2026.
Fully renovated two-bedroom flat available via auction September2026 Description A superb opportunity to acquire this fully renovated two-bedroom top floor flat via auction in September 2026 Extensively modernised throughout in 2024, the property provides bright and spacious accommodation extending to approximately 775 sq ft.
The flat benefits from a generous lounge with access to a private balcony, a contemporary fitted kitchen with integrated appliances, two well-proportioned bedrooms, and a stylish modern shower room.
The accommodation is accessed via a private entrance hall with useful storage cupboards and loft access. The spacious lounge enjoys excellent natural light and provides direct access to the balcony.
The recently fitted kitchen overlooks the rear garden and garage and features a range of modern wall and base units, integrated appliances and ample worktop space.
Bedroom one benefits from an extensive range of fitted bedroom furniture including wardrobes, drawers and dressing table, whilst bedroom two offers a versatile space suitable for a guest bedroom, home office or nursery.
Externally, the property enjoys a private balcony, off-road parking, a single garage with newly fitted up-and-over door, and a private rear garden situated behind the garage block.
The garden is designed for low maintenance and includes a gravelled area, patio seating space and established planting.
The property is conveniently located within walking distance of local convenience stores, a butcher, recreational facilities, a primary school and Spalding town centre, which offers a wide range of shops, restaurants and rail connections.
An ideal opportunity for owner occupiers, first-time buyers, downsizers or investors seeking a turnkey property in a popular residential location.
Currently tenanted at £8,100 PER ANNUM = £675 PER MONTH Vendor advised: The annual ground rent is £26.75, payable to South Holland District Council There is no maintenance charge A legal pack is a collaboration of important documents of the property or land that is going to be sold at auction.
To review the legal pack, click the Legal Documents button at the bottom of this advert or visit tcpa.co.uk.
Auction Information To view the auction information, click the Online Bidding button at the bottom of this advert or visit tcpa.co.uk.
UNCONDITIONAL LOT Buyers Premium Applies Upon the fall of the hammer, the Purchaser shall pay a 5% deposit and a 6%+VAT (subject to a minimum of £6,000+VAT) buyers premium and contracts are exchanged.
The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot.
The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers Are Considered The seller of this property may consider a pre-auction offer prior to the auction date.
All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer's Premium, and the deposit.
To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online.
To find out more information or to make a pre-auction offer please contact us.
Value & comps
No previous sales on record.
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Returns
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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

FAQ
About 48A Carrington Road, Spalding, Lincolnshire, PE11 1LY
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