We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom flat · PE11 2JZ
Listing removedListed 54 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
** no chain ** This two-bedroom first floor flat is **for sale** in Spalding, Lincolnshire, and offers practical accommodation with the added benefit of its own garden.
Ideal for first time buyers and investors, the property comprises one reception room, a kitchen, two double bedrooms and a bathroom, providing a straightforward and functional layout.
The flat is positioned within reach of local amenities in Spalding, including everyday shops, supermarkets and services on and around the town centre and high street.
Spalding offers a choice of cafés, pubs and restaurants, as well as riverside walks along the River Welland and access to local parks and open spaces.
Spalding railway station provides services to Peterborough, typically in around 25–35 minutes, where onward connections are available to London Kings Cross, Cambridge and the wider rail network.
Bus services operate within the town and to nearby villages, supporting convenient local travel options.
Spalding hosts a selection of primary and secondary schools within driving or cycling distance, making the location practical for a range of buyers.
Road links via the A16 and A151 connect to Boston, Peterborough and the surrounding Lincolnshire market towns.
With its two double bedrooms, reception room, kitchen and private garden, this first floor flat presents a functional home or investment opportunity in a well-served Lincolnshire town.
‘Note to Buyer; We are aware from a previous survey that a tree requires attention immediately adjacent to the property which the buyers will be required to take a view as cash buyers or with their lender or insurers approval prior to making any transactional decision, the sellers are aware of the situation and are not in a position to arrange for the tree to be removed.’ Entrance Hall PVCu front door leading to carpeted stairs taking you to the property accommodation.
Store Large walk in storage cupboard. Living Room (4.5m x 3.56m) UPVC double glazed window to the front aspect, laminate wood flooring, centre light point and radaitor.
Kitchen (3.56m x 3.4m) Matching base and eye level units with worktop over, inset sink with swan mixer tap, space and plumbing for washing machine and electric oven, centre light point and uPVC double glazed window to the rear aspect.
Bedroom One (3.55m x 3.17m) UPVC double glazed window to the front aspect, carpet flooring, centre light point and radiator.
Bedroom Two (3.34m x 2.56m) UPVC double glazed window to the rear aspect, carpet flooring, centre light point and radiator. Cloakroom Two piece suite comprising of low level WC and wash hand basin.
Tiled flooring, centre light point and uPVC obscure glazed window to the rear aspect.
Bathroom Two piece suite with panelled bath and wash hand basin, centre light point, radaitor and uPVC double glazed obscured window to the rear aspect.
Exterior To the front is a path leading to the front door. Following the path round to the rear is a low maintenance garden, backing onto the coronation channel.
Agent Notes Property is leasehold with a yearly ground rent of £20 per annum.
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
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
.png)
FAQ
About 98, Severn Road, Lincolnshire
Explore nearby