3-bedroom house · PE23 5DW
Listing removedListed 280 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A detached bungalow on the outskirts of town backing on to a field.
In need of a little updating and having accommodation comprising: Porch, entrance hall, lounge, dining room, kitchen, utility, cloakroom, rear porch, three bedrooms and bathroom.
Outside the property has a block paved driveway providing off-road parking, a double garage and an enclosed rear garden.
No chain EPC Rating: D Accommodation Part glazed double doors to the: Porch With further part glazed door to the: Entrance Hall Having coved ceiling, radiator and access to roof space.
Lounge (3.66m x 3.50m) Having windows to front & side elevations, coved ceiling and radiator.
Opening to the: Dining Room (3.65m x 3.21m) Having window to side elevation, coved ceiling, radiator and built-in cupboard.
Kitchen (3.67m x 2.26m) Having windows to both side elevations, tiled floor and wood panelled walls.
Fitted with a range of base & wall units with work surfaces comprising: Stainless steel sink & drainer inset to work surface, cupboards under, work surface return with space for dishwasher under.
Further work surface return with cupboards, drawers & space for fridge under, cupboards over. Further work surface with cupboards under & space for cooker to side.
Rear Porch (2.51m x 2.08m) Of uPVC frame construction with polycarbonate roof and part glazed door to front elevation.
Utility (2.08m x 1.31m) Having window to side elevation, part glazed double doors to rear elevation, space & plumbing for automatic washing machine, space for upright fridge/freezer and gas fired boiler providing for both domestic hot water & heating.
Cloakroom Having window to side elevation, low level WC and hand basin. Bedroom One (3.66m x 3.04m) Having window to front elevation, coved ceiling and radiator.
Bedroom Two (3.26m x 2.74m) Having window to rear elevation, coved ceiling, radiator and pedestal hand basin with tiled splashback.
Bedroom Three (3.26m x 1.96m) Having window to side elevation, coved ceiling and radiator.
Bathroom (3.20m x 1.59m) (max) Having window to rear elevation, radiator, tiled splashbacks, extractor, panelled bath with shower over, low level WC and pedestal hand basin.
Exterior To the front of the property there is a block paved driveway with a turning area which provides off-road parking and extends down the side of the property to the: Double Garage Having two up-and-over doors, light and power.
Rear Garden Being enclosed and having shaped lawns with borders, concrete paths and summerhouse. Services The property has mains gas, electricity, water and drainage connected.
Heating is via a gas fired boiler serving radiators and the property is double glazed. The current council tax is band B.
Lifetime Legal We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Agent's Notes These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither Newton Fallowell nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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.
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FAQ
About 57 Ashby Road, Spilsby
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