3-bedroom terraced house · PE11 2TN
Sold STCListed 85 days
Opportunity summary
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About
ACCOMMODATION Composite front entrance door opening into: ENTRANCE PORCH 3' 10" x 2' 11" (1.18m x 0.91m) Ceiling light, recessed cloaks cupboard with hanging rail, door to: LOUNGE 15' 6" x 12' 4" (4.73m x 3.78m) measured to edge of staircase.
Understairs store cupboard, coved and textured ceiling, ceiling light, Georgian style UPVC bay window to the front elevation with display sill, radiator, 2 wall lights, fireplace with electric fire, staircase off, doorbell chime, door to: KITCHEN DINER 15' 1" x 8' 0" (4.60m x 2.44m) Range of base cupboards and drawers, roll edged worktops, one and a quarter bowl sink unit with mixer tap, intermediate wall tiling, matching eye level wall cupboards, built-in electric double oven, gas hob, plumbing and space for washing machine, further appliance space, eye level wall cupboards, wall cupboard housing the Glow Worm gas fired central heating boiler, fluorescent strip light, radiator, artexed ceiling, UPVC rear window and half glazed UPVC external entrance door.
From the corner of the Lounge the staircase rises to: FIRST FLOOR LANDING Access to loft space, ceiling light, built-in Airing Cupboard, store cupboard, doors arranged off to: BEDROOM 1 11' 9" x 9' 0" (3.59m x 2.75m) Georgian style UPVC window to the front elevation, radiator, textured ceiling, ceiling light, recessed store cupboard with shelving.
BEDROOM 2 9' 2" x 9' 2" (2.80m x 2.80m) Textured ceiling, ceiling light, radiator, recessed single wardrobe.
BEDROOM 3 6' 10" x 5' 11" (2.09m x 1.81m) Georgian style UPVC window to the front elevation, ceiling light, radiator.
BATHROOM 5' 7" x 5' 5" (1.72m x 1.66m) Modern three piece suite comprising panelled bath with end mounted mixer tap and shower over, pedestal wash hand basin, low level WC, partial wall tiling, ceiling light, radiator, obscure glazed UPVC window.
EXTERIOR There is a small gravelled area to the front of the property with post and chain link fence.
ENCLOSED REAR GARDEN Lawned area, pathway and border, close boarded timber fencing to the side and rear boundaries.
A gate within the rear fence leading to a rear pedestrian access leading to: GARAGE Situated in an adjacent block. SERVICES Mains water, gas, electricity and drainage.
Gas central heating (Glow Worm boiler located in the Kitchen).
DIRECTIONS From the centre of Spalding at the High Bridge proceed along London Road and the property is situated on the right hand side just after the turning into Water Lane.
AMENITIES The town centre is within walking distance offering a full range of shopping, banking, leisure, commercial, educational and medical facilities along with bus and railway stations.
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.
Area
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FAQ
About London Road, Spalding
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