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See how verdicts work2-bedroom house · LN9 6AL
For saleListed 7 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
30 Spilsby Road is a two-bedroom, mid-terrace property located to an East-West facing position with lawned garden to the front.
Providing a bright Lounge, through to Dining Room and Kitchen (plus rear porch); accommodation continues with two bedrooms and bathroom to the first floor.
The well-serviced market town of Horncastle benefits from amenities including supermarkets, doctors surgery, post office, pharmacists, swimming pool and a wealth of other sports facilities plus an extensive range of local, independent shops and eateries.
There is also a full range of primary and secondary schooling including the well-respected Queen Elizabeth’s Grammar School.
The country capital of Lincoln and coastal resort of Skegness lie 21 miles West & East respectively, a regular public bus services runs from the town to both locations while a new bus service links to the inland resort of Woodhall Spa.
Lounge - 10'11" x 10'6" - Having uPVC double glazed window and obscured door to front, light to ceiling.
Brick and tile styled fireplace with mantle shelf, multiple power points, tv point, wood effect flooring. Open arch to dining room.
Dining Room - 7'10" x 10'7" - With light to ceiling, multiple power points, wood effect flooring. Alcove shelving and storage space. Open to kitchen.
Kitchen - 4'3" x 11'4" - With uPVC double glazed window to rear, light to ceiling. Sink and drainer to roll edge worktop, storage units to base and wall levels.
Oven and hob, tiles to walls and floor, space and connections for under counter washing machine. Wall mounted, gas fired boiler. Door to rear porch, accessing Holt Lane.
Bedroom 1 - 10'9" x 9'10" - Having uPVC double glazed window to front, light to ceiling. Carpet, radiator, multiple power points.
Bedroom 2 - 7'11" x 6'6" - Having uPVC double glazed window to rear, light to ceiling. Carpet, radiator, multiple power points.
Bathroom - 8'1" x 4'5" - With uPVC double glazed obscured window to side, light to ceiling. W/C, pedestal sink, bath with tiled surround. Radiator, tiled flooring.
Outside - The property is approached on foot from Spilsby Road, with gate accessing the front patio space and lawned garden, with shed providing external storage.
Further access is off Holt Lane, to the rear.
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
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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 30, Spilsby Road, Horncastle
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