3-bedroom terraced house · PE10 0ZJ
Sold STCListed 36 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
£200,000 - £220,000 (Guide Price) Positioned within a quiet, established part of Elsea Park, this beautifully presented three-bedroom home offers approximately 936 sq ft of thoughtfully arranged accommodation.
Recently renovated across the ground floor and within the principal bedroom, it is a home where much of the expensive and disruptive work has already been completed.
The ground floor begins with an entrance hallway and separate WC. The good-sized lounge provides a comfortable place to relax, while the kitchen/dining room is the social heart of the house.
Extending across the rear of the property, it provides space for a proper dining table rather than simply a breakfast bar, with French doors opening directly onto the garden.
The kitchen includes a recently installed oven and brand-new dishwasher, while the fridge/freezer and washing machine will also remain as part of the sale.
Upstairs, the principal bedroom includes fitted wardrobes and its own en suite shower room.
There are two further bedrooms, one of which would also make an excellent home office, nursery or dressing room, together with a family bathroom and useful landing storage.
With an en suite, family bathroom and separate ground-floor WC, the layout works particularly well for family life.
Outside, the enclosed rear garden has been designed to remain easy to manage, with a lawn and freshly repainted deck providing space for outdoor dining and entertaining.
A nearby garage is accompanied by a private parking space immediately in front. The vendor advises that the garage remains dry and is genuinely useful for storage as well as parking.
The house has an EPC rating of B and benefits from separate upstairs and downstairs thermostats, allowing each floor to be heated independently.
Lightspeed full-fibre broadband provides speeds of up to 900 Mbps, making the property particularly well suited to home working.
The boiler has been serviced annually, while the vendor also reports excellent sound insulation between the neighbouring homes. A Ring video doorbell and spare battery can remain.
The property occupies a particularly convenient position on the edge of Elsea Park closest to Bourne town centre.
A nearby footpath provides a direct route into the town in approximately ten minutes, avoiding the need to navigate through the wider development.
A small spinney provides a welcome pocket of nature close to the house, while Elsea Park Community Centre, several children’s play areas and the development’s main park are all within easy walking distance.
Bourne Elsea Park Primary Academy is approximately three to five minutes away on foot, with Bourne Westfield Primary Academy and Bourne Abbey Church of England Primary Academy also within walking distance.
Bourne is a well-served market town offering supermarkets, independent shops, cafés, pubs, schools, sports facilities and everyday services, together with convenient road connections towards Stamford, Market Deeping, Spalding and Peterborough.
The owner is moving abroad, meaning the property is offered with no onward chain.
Furniture may also be available by separate negotiation, giving a buyer the flexibility to purchase the house furnished or unfurnished. EPC Rating: B Parking - Garage Parking - Off Street
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.
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FAQ
About 8 Wincanton Way, Bourne
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