2-bedroom terraced house · PE11 1DF
For saleListed 1 day
Opportunity summary
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About
Sedge Estate Agents are delighted to offer for sale this beautifully presented two-bedroom end-of-terrace home in the popular McLaren Gardens development, Spalding.
The property boasts a spacious lounge, modern open-plan kitchen/dining room, ground floor guest WC, two generous double bedrooms and a contemporary family bathroom.
Outside, there is an enclosed rear garden with side gate access and off-road parking for two vehicles.
Available through a 35% shared ownership scheme, with the option to purchase up to 100% ownership, this property is ideal for first-time buyers looking to get onto the property ladder.
Conveniently located close to local amenities and schools, early viewing is highly recommended. Full market value £165,000. EPC Rating B.
Summary - Sedge Estate Agents are delighted to offer for sale this beautifully presented two-bedroom end-of-terrace home, situated within the popular McLaren Gardens development in Spalding.
Offering stylish, well-maintained accommodation throughout, an enclosed rear garden and off-road parking for two vehicles, this property would make an ideal first home or investment opportunity.
Available through a 35% shared ownership scheme, with the option to purchase up to 100% ownership, this is an excellent opportunity for buyers looking to get onto the property ladder.
Upon entering the property, the welcoming entrance hallway features attractive wood-effect flooring and contemporary decorative detailing, creating a stylish first impression.
The spacious lounge is positioned to the front of the property and benefits from a large window allowing plenty of natural light to fill the room.
Offering ample space for comfortable seating and entertainment furniture, it provides an ideal setting for relaxing or entertaining guests.
To the rear, the modern open-plan kitchen/dining room offers a practical and sociable space, fitted with a range of cream wall and base units, complementary work surfaces, an integrated oven, gas hob and extractor hood.
There is additional space for appliances, while the dedicated dining area provides the perfect spot for everyday meals and entertaining. A door provides direct access to the enclosed rear garden.
Completing the ground floor is a convenient guest cloakroom, fitted with a WC and washbasin.
To the first floor, the landing provides access to two well-proportioned double bedrooms and the family bathroom.
The principal bedroom is a generous double room with twin windows, while the second bedroom offers excellent versatility, making it ideal as a guest bedroom, home office or additional living space.
The contemporary family bathroom comprises a panelled bath with an overhead shower and glass screen, washbasin and WC, complemented by modern tiling and a heated towel rail.
Outside, the property benefits from an enclosed rear garden, providing an ideal space for outdoor dining, relaxing or enjoying the warmer months.
Side gate access offers additional convenience, while off-road parking for two vehicles is a particularly desirable feature.
Situated in the popular McLaren Gardens development, the property is conveniently positioned for Spalding town centre, local amenities and schools, making it an attractive choice for first-time buyers, couples and investors alike.
Shared Ownership Information The property is available to purchase at a 35% share, with the option to purchase up to 100% ownership, subject to the relevant scheme requirements.
Full market value: £165,000 Share available: 35% Rent payable on the remaining share: £339.29 per month Tenure: Leasehold Lease term: 125 years from 1 April 2018, with approximately 116 years remaining EPC Rating: B Services: Mains electricity, water and drainage Heating: Electric central heating Prospective purchasers should make their own enquiries regarding the shared ownership scheme, eligibility criteria, monthly rent, service charges (if applicable) and the process for purchasing additional shares.
Early viewing is highly recommended to appreciate the presentation, space and location this lovely home has to offer. Contact Sedge Estate Agents to arrange your viewing.
Room Measurements Entrance Hallway – 1.58m x 1.51m (5'2" x 4'11") Living Room – 3.15m x 5.33m (10'4" x 17'6") Guest WC – 1.59m x 1.12m (5'3" x 3'8") Kitchen/Dining Room – 4.17m x 2.89m (13'8" x 9'6") Landing – 2.27m x 2.08m (7'5" x 6'10") Bedroom One – 4.17m x 3.13m (13'8" x 10'3") Bedroom Two – 4.17m x 2.90m (13'8" x 9'6") Family Bathroom – 1.77m x 2.04m (5'10" x 6'8")
Value & comps
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Returns
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Archie refurb estimate: a Pro feature
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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.
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