3-bedroom detached house · PE23 4DB
For saleListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
The Old School House is a traditional, three-bedroom family home with a series of versatile reception spaces; standing alongside the large former School building - now a sizeable workshop.
Occupying a generous plot to the centre of this popular village, with driveway to one side and large yard to the other, continuing down to the old school.
It is believed there is potential for conversion of the school, or use of the yard for development - subject to obtaining all necessary consents.
As currently laid out, the property provides a lounge, conservatory and family room alongside dining room, kitchen, pantry and cloakroom to the ground floor; three bedrooms and bathroom to the first - and two large workshop spaces with various stores to the old school, plus further outbuilding storage and a single garage.
East Kirkby is home to a village shop, a nursey, pub and the Lincolnshire Aviation Heritage Centre, which boasts a taxiing Lancaster Bomber.
The village is well-situated in mid-Lincolnshire with a full range of services and amenities at a convenient distance: Mareham le Fen (4 miles) and Stickney (seven) offer further village shops, and primary and (at Stickney only) secondary schooling alongside a doctor's surgery; while the market towns of Spilsby (six miles) and Horncastle (nine) offer a further range of services and schooling.
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 The Old School House & Former School Room, 8 Fen Road, East Kirkby, Spilsby
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