Detached house · PE23 4ES
For saleListed 82 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A residential development opportunity of considerable character, situated within this historical scenic village on the southern edge of the Lincolnshire Wolds.
The property comprises a detached former Wesleyan Chapel, with datestone for 1845, with a later single storey southern extension with datestone for 1908.
The building is built in brick under various pitched slate clad roofs, with stone dressings and clear leaded lancet windows to the chapel room.
The building is approached via a walled and gated frontage with footpath leading to the main doors.
The immediate grounds are enclosed by walls, hedgerow and fencing, laid predominantly to lawn with grave markers to the front of the chapel building.
Immediately to the north is an area of extended garden land, providing vehicular access, parking and additional amenity space, preserving the open nature of the northern elevation.
The property has planning consent for the insertion of a part first floor and conversion to a substantial house, with new vehicular access to Chapel Lane.
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.
Area
Agent & docs
FAQ
About Chapel Lane, Old Bolingbroke, Spilsby
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