2-bedroom house · PE23 5BP
To rentListed 1 day
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** Zero Deposit Guarantee Available ** This well presented and generously proportioned apartment is ideally situated in the popular Granary Close area of Spilsby, within easy walking distance of local amenities.
The property is accessed via a private entrance with carpeted stairs leading to the main landing.
The accommodation comprises a bright and spacious lounge with open-plan kitchen, fitted with a range of modern units, integrated electric oven, gas hob, and washer dryer, with space for an under counter fridge.
There are two bedrooms, including a comfortable master bedroom with built in wardrobe and a modern en-suite shower room.
The second bedroom is a versatile space, suitable as a small double or large single, ideal for guests, a home office, or additional storage.
The main bathroom is fitted with a contemporary suite and finished with easy maintenance flooring. Externally, the property benefits from off-road parking and a garage to the rear.
Gas Central Heating. EPC rating C. Council Tax Band A. Available from December. Call now to book a viewing! Council Tax Band: Holding Deposit: £184.00
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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 advisers 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.
Area
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FAQ
About Granary Close, Spilsby
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