2-bedroom terraced house · NG34 7PN
Listing removedListed 1169 daysAuction 27 Mar · in 520 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
*****This property is for sale by Modern Method of Auction and viewer/bidder information will be shared with the Auctioneer, iam-Sold.
A non-refundable Reservation Fee of 4.2% of the purchase price inc VAT, subject to a minimum of £6,000 inc VAT is payable by the winning bidder ***** Residential investment opportunity producing an annual rental income of £10,320 Per Annum.
The property is Grade II listed and comprises two fully let (each at £430 pcm) self-contained one bedroom apartments situated in Sleaford's town centre.
An excellent opportunity and further information is available from the selling agents.
Location Sleaford sits on the cross roads of the A17 and A15 providing excellent access to several major towns together with the Cathedral City of Lincoln with its relatively new University, Peterborough and Nottingham.
Sleaford is a fast expanding town offering a wide selection of businesses and shops including national retail outlets.
Extensive social facilities and amenities include medical centre, leisure centre, sports complex, football, rugby and cricket clubs together with a number of churches.
The town offers excellent primary and secondary schools.
The A1 and Inter City rail services to London Kings Cross and Scotland are available at either Grantham 17 miles away or Newark some 18 miles away.
Unknown 14 Westgate - One bedroom ground floor flat with an open plan living area and ensuite shower room. No 14 is let on an AST from 07.07.2019 with a current passing rent of £430 pcm.
Services Pygott and Crone have been made aware that mains water, electric and drainage are connected to the property. Tenure The freehold of the property is for sale via the modern method of auction.
See Buying Conditions for further information on this method of sale. Unknown Both flats have Council Tax Band ratings of A.
Energy Performance Certificate 14 Westgate - EPC rating of an E and is valid until 27 March 2028.
Local Authority North Kesteven District Council Viewings Viewings can be arranged via the acting agents Pygott and Crone.
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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
Agent & docs
FAQ
About 14 INVESTMENT - TWO RESIDENTIAL FLATS, Westgate, Lincolnshire
Explore nearby
.png){kind=logo}
