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See how verdicts work5 × 1-bed unit · PE11 2XY
For saleListed 42 daysAuction 9 Dec · in 40 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 9TH DECEMBER 2026 TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE A block of five fully let one bedroom apartments with a rental income of £34,920 pa A block of one bedroom apartments set in the centre of Spalding with a rental income of £34,920 per annum (£2,910 pcm).
Four of the units are on the ground floor and one on the first floor. Each unit has a lounge/kitchen, bedroom and a bathroom. The units are currently all let.
Spalding offers a variety of shops and recreational facilities together with a rail link into Peterborough and service into London Kings Cross.
Five units accommodation Lounge/kitchen, bedroom, bathroom. Note The properties are referred to as 55 Winsover Road in the Land Registry title entries.
Council Tax Band A Tenure: Freehold EPC Rating: C Administration Fee: £1200 inc VAT payable on exchange of contracts. Buyer's Premium Fee: £1500 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Value & comps
No previous sales on record.
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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 starting price
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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 1, 3, 5, 7 & 9 St. Thomas Road, Spalding, Lincolnshire PE11 2XY
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