2-bedroom property · PE11 1GZ
For saleListed 243 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Nestled in the tranquil setting of Pool Close, Spalding, this charming first-floor retirement apartment is exclusively available for those aged 60 and over.
Originally constructed in 2006, this well-presented flat is part of a thoughtfully designed development that features a mix of one and two-bedroom apartments, all set within a generous site that boasts ample parking and beautifully maintained communal gardens.
As you enter the apartment, you are welcomed by a spacious entrance hall that leads to a generous lounge-diner, perfect for relaxation and entertaining.
The fitted kitchen is conveniently located, providing a functional space for culinary pursuits.
The accommodation includes two comfortable bedrooms and a well-appointed shower room, ensuring that all your needs are met.
Residents benefit from a range of amenities designed to enhance their living experience. The property features management staff and a careline alarm service for added peace of mind.
A lift provides easy access to all floors, while communal living rooms, laundry services, and guest facilities foster a sense of community among residents.
For pet lovers, cats and dogs are generally accepted, subject to the terms of the lease and landlord's consent.
This property is offered with no forward chain, making it an ideal choice for those looking to move quickly.
Early viewing is highly recommended to fully appreciate the quality and convenience this retirement apartment has to offer.
Entrance Hall - 1.78 x 4.38 (5'10" x 14'4") - Lounge Diner - 5.80 x 3.29 (19'0" x 10'9") - Kitchen - 2.63 x 1.72 (8'7" x 5'7") - Master Bedroom - 4.67 x 2.90 (15'3" x 9'6") - Shower Room - 2.06 x 1.69 (6'9" x 5'6") - Bedroom Two - 3.32 x 2.74 (10'10" x 8'11") - Tenure - Leasehold - At the time of marketing the vendor has informed us of the current lease terms.
Exact figures will be confirmed by your solicitor upon receipt of the management pack, when a sale has been agreed.
Years Remaining on the lease - 107 years Ground rent £495 per annum Service charge £6069.72 per annum Epc - C - 76/79 Important Legal Information - Construction: Standard Accessibility / Adaptations: Level Access Shower, Lift Access, Wheelchair Accessible, Wide Doorways Building safety: No Known planning considerations: None Flooded in the last 5 years: No Sources of flooding: n/a Flood defences: No Coastal erosion: No On a coalfield: No Impacted by the effect of other mining activity: No Conservation area: No Lease restrictions: No Listed building: No Permitted development: No Holiday home rental: No Restrictive covenant: No Business from property NOT allowed: No Property subletting: No Tree preservation order: No Other: No Right of way public: No Right of way private: No Registered easements: No Shared driveway: No Third party loft access: No Third party drain access: No Other: No Parking: Communal Car Park No Allocated Space Solar Panels: No Water: Mains Electricity: Mains Supply Sewerage: Mains Heating: Electric Room Heaters Internet connection: No Wi Fi Internet Speed: TBC Mobile Coverage: EE - Excellent, O2 - Great, Three - Great Disclaimer: If you are considering purchasing this property as a Buy-to-Let investment, please be advised that certain areas may be subject to Selective Licensing schemes.
Prospective purchasers are strongly advised to carry out their own due diligence to ensure compliance with any applicable licensing requirements, including any associated fees or obligations.
All information is provided without warranty. The information contained is intended to help you decide whether the property is suitable for you.
You should verify any answers which are important to you with your property lawyer or surveyor or ask for quotes from the appropriate trade experts: builder, plumber, electrician, damp, and timber expert.
Draft Details Awaiting Vendor Approval -
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisors before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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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