2-bedroom terraced house · PE23 5JB
To rentListed 15 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A beautifully presented unfurnished two bedroom end terrace property within walking distance of the local amenities in the heart of Spilsby.
The property consists of lounge, dining room, modern kitchen, ground floor shower room, two double bedrooms, separate WC and small patio to the rear of the property.
The property benefits from uPVC double glazing throughout, underfloor heating on the ground floor, electric heaters on the first floor and off road parking.
Council Tax Band A, EPC rating C, Deposit £980.76.
How To View - If you would like to apply to view this property, complete and return the application form that can be found on our Willsons website on the property listing.
Please note that we cannot arrange any viewings without an application form.
Viewings - Viewings are arranged between the hours of 9am - 5pm Monday to Friday Holding Deposit - If you wish to apply for the property once you have viewed, each individual is required to complete a Tenancy Proposal Form (bound by Ground 17 of the Housing Act 1988 as amended).
A holding fee of one weeks rent totalling to £196.15, must be paid at the start of referencing and is to be held for up to 15 days, however with consent, we will hold the fee until the completion of the tenancy.
This fee will be deducted from the first months rent upon successful completion of referencing.
If the tenancy does not commence, the holding deposit will be returned to either applicant or landlord dependant on the reason for the unsuccessful let.
Deposit - This property requires a deposit of 5 weeks' rent - totalling £980.76 The deposit will be held in a tenancy deposit protection scheme for the duration of the tenancy.
Accommodation - Two bedroom end terrace property Lounge - 3.28 x 2.83 (10'9" x 9'3") - Composite uPVC front door, window, fire place (ornamental), light with light shade, sockets and switches Dining Room - 3.43 x 2.81 (11'3" x 9'2") - Window, fire place (ornamental), built in cupboards, smoke alarm, light with light shade, sockets and switches, sliding door leading to: Kitchen - 4.27 x 2.37 (14'0" x 7'9") - Window, french doors, range of grey gloss wall and base units, white ceramic sink and drainer, chrome mixer tap, black 4-ring gas hob, black built in oven and extractor, smoke alarm, CO alarm, cupboard containing gas boiler, recessed spotlights, sockets and switches Shower Room - 2.35 x 1.49 (7'8" x 4'10") - White vanity basin with chrome mixer tap, close coupled WC, shower cubicle, bar shower with standard and rain fall shower heads, chrome towel rail, extractor fan, mirrored bathroom cabinet, recessed spotlights, shaving point Bedroom 1 - 3.47 x 2.66 (11'4" x 8'8") - Window, ornamental fire place, electric heater, light with light shade, sockets and switches Bedroom 2 - 3.00 x 2.57 (9'10" x 8'5") - Window, electric heater, light with light shade, built in hanging rail, sockets and switches Wc - 1.25 x 0.93 (4'1" x 3'0") - Close coupled WC, vanity basin, chrome mixer tap, extractor fan, light, light switch Rear Garden - Small gravelled patio area leading to allocated parking space and shed
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.
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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
Agent & docs
FAQ
About Reynard Street, Spilsby
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