2-bedroom terraced house · PE10 9BQ
For saleListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
An excellent opportunity to purchase a 50% shared ownership two bedroom home, conveniently located within easy reach of Bourne town centre and its range of amenities.
Offered for sale with no onward chain, this property represents an ideal opportunity for first-time buyers looking to get onto the property ladder.
The accommodation comprises an entrance hall, a good-sized lounge and a fitted kitchen overlooking the front. To the first floor there are two bedrooms and a family bathroom.
Outside, the property benefits from a driveway providing off-road parking, whilst to the rear is an enclosed garden, mainly laid to lawn with established shrubs, a patio seating area and timber garden sheds.
Offering an affordable route into homeownership in a convenient and established residential location, viewing is highly recommended.
AGENT'S NOTE: The property is offered for sale on a 50% shared ownership basis, with the remaining 50% owned by South Kesteven District Council.
The current rent payable on the remaining share is £272 per calendar month.
Entrance Hall With stairs leading to the first floor and door leading to: Kitchen 3.25m x 2.26m With fitted units comprising, single drainer sink, good range of wall and base units, space for electric cooker, space for fridge freezer, space and plumbing for washing machine, wall mounted gas boiler supplying hot water and central heating and upvc double glazed window to the front.
Lounge 4.11m x 4.01m With sliding patio doors onto the rear garden, radiator and power points.
First Floor Landing With window to the side and door leading to: Bedroom One 4.04m x 3.07m With upvc double glazed window to the rear, radiator and power points.
Bedroom Two 3.1m x 2.29m With upvc double glazed window to the front, radiator, power points and over stairs storage cupboard.
Bathroom With replacement suite comprising panelled bath, low level wc, wash hand basin, built in airing cupboard and radiator.
Outside To the front of the property is a block-paved driveway providing off-road parking, together with a useful brick-built storage cupboard.
A covered entrance porch provides access to the property, with gated side access leading through to the rear garden.
To the rear is an enclosed garden, predominantly laid to lawn with established shrubs and planted borders.
A paved seating area provides space for outdoor dining, whilst two timber garden sheds offer useful additional storage.
AGENT'S NOTE: The property is offered for sale on a 50% shared ownership basis, with the remaining 50% owned by South Kesteven District Council.
The current rent payable on the remaining share is £272 per calendar month.
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 Princes Court, Bourne, Lincolnshire, PE10
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