We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · LN10 6NA
For saleReduced £8.5k (−5.4%) on 21 JunListed 162 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious and modern two-bedroom second floor apartment, ideally positioned close to the excellent shopping, leisure and social amenities within the highly sought-after village of Woodhall Spa.
Well presented throughout, the property briefly comprises an open-plan living/dining area with modern high-gloss fitted kitchen, two bedrooms, bathroom with shower over bath, electric storage heating and a balcony accessed directly from the living area.
Further benefits include an allocated parking space together with additional visitor parking, whilst the communal gardens are beautifully maintained throughout the year.
The development also benefits from lift access to all floors. Offered to the market with no onward chain.
The property is leasehold with an annual service charge including ground rent (current approximate figure of £1450 per annum, exact figures to be confirmed).
The apartments were constructed in 2007 on a 999-year lease. Please note pets are not permitted within the development.
Woodhall Spa remains one of Lincolnshire’s most desirable villages, renowned for its excellent range of amenities including the highly regarded Golf Club, the unique Kinema in the Woods, Jubilee Park and the picturesque Spa Trail linking through to Horncastle.
The village also offers convenient transport links to the Cathedral City of Lincoln and surrounding market towns including Horncastle and Sleaford.
Arrange your viewing at the Purplebricks Website or on the Purplebricks app.
Property Ownership Information Tenure Leasehold Council Tax Band A Annual Ground Rent No ground rent Ground Rent Review Period No review period Annual Service Charge £1,450.00 Service Charge Review Period Every 1 year Lease End Date 01/03/3006 Property Description Disclaimer This is a general description of the property only, and is not intended to constitute part of an offer or contract.
It has been verified by the seller(s), unless marked as "draft".
Purplebricks conducts some valuations online and some of our customers prepare their own property descriptions, so if you decide to proceed with a viewing or an offer, please note this information may have been provided solely by the vendor, and we may not have been able to visit the property to confirm it.
If you require clarification on any point then please contact us, especially if you’re traveling some distance to view.
All information should be checked by your solicitor prior to exchange of contracts. Successful buyers will be required to complete anti-money laundering and proof of funds checks.
Our partner, Lifetime Legal Limited, will carry out the initial checks on our behalf. The current non-refundable cost is £80 inc. VAT per offer.
You’ll need to pay this to Lifetime Legal and complete all checks before we can issue a memorandum of sale.
The cost includes obtaining relevant data and any manual checks and monitoring which might be required, and includes a range of benefits.
Purplebricks will receive some of the fee taken by Lifetime Legal to compensate for its role in providing these checks.
Value & comps
No previous sales on record.
Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 33, Bennetts Mill Close, Woodhall Spa
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