2-bedroom bungalow · PE11 4AU
For saleListed 97 days
Opportunity summary
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About
• Two Bedroom Detached Bungalow • Agricultural Occupancy Condition (please refer to this section in the sales particulars for more information) • EPC Rating D Location The Spinney is located approximately three miles north of Spalding.
The postcode for the property is PE11 4AU. Description The Spinney is a two bedroom detached bungalow of brick construction beneath a tile roof, with uPVC double glazing throughout.
The property comprises: Entrance Hall with Doors to: Sitting Room with electric fire Double Bedroom with fitted cupboards Double Bedroom with fitted cupboards Dining Room Bathroom with Bath, Shower, Wash Hand Basin and WC Kitchen, with wall and base units, sink and drainer, hob with extractor fan over, fitted oven, space for dining table.
Doors to: Utility, with sink and drainer with space for washing machine and dishwasher, airing cupboard and boiler Rear Hall with Storage Cupboard/Pantry.
Doors to: Cloakroom, with WC and Wash Hand Basin Conservatory and Door to Garden Outside: The front garden is lawn with a large parking area and access to a single garage.
The rear garden is mainly lawn with a garden shed.
Agricultural Occupancy Condition The occupation of the dwelling shall be limited to a person solely or mainly employed, or last employed, locally in agriculture as defined in Section 290(l) of the Town and Country Planning Act 1971, or a dependent of such a person residing with him, or a widow or widower of such a person.
Planning permission was granted by South Holland District Council under application H17-0265-67. Further enquiries should be sent to the Council.
Uplift Clause The property will be sold subject to an uplift clause entitling the vendors to a share of any increase in value following any future removal of the Agricultural Occupancy Condition.
Services Mains Water and electricity are connected to the property. Central Heating is via an Oil system. Drainage is to a private Septic Tank.
Exchange and Completion Exchange of Contracts is expected within 30 working days of the Buyer’s Solicitors receiving the draft Contract from the Seller’s Solicitor with completion by agreement thereafter.
A 10% deposit is payable on exchange of Contracts.
Easements, Rights of Way and Wayleaves The land is sold subject to and with the benefit of all existing rights whether public or private, whether or not they are referred to in these details.
VAT VAT is not payable.
Boundaries The Buyer shall be deemed to have full knowledge of all the boundaries and neither the Seller nor the Selling Agent will be responsible for defining either the boundaries or their ownership.
Viewing Viewings will be permitted only by appointment with the Seller’ Age
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 The Spinney, Gubboles Drove, Surfleet, Spalding
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