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 work4-bedroom detached house · PE23 5JE
Listing removedListed 183 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A spacious family home situated within walking distance of the local amenities in the popular town of Spilsby.
Benefiting from a well established gardens, garage, two reception rooms, three bathrooms, utility room, sun room and conservatory.
Offering uPVC double glazing throughout, gas fired central heating and no onward chain.
Accommodation - Rear Porch - Upvc and timber framed windows with inner glazed door to: Entrance Hall - Radiator, double glazed window, tiled floor.
Shower Room - 1.96m x 1.52m (6'5" x 5') - Walk-in shower with direct shower, wc, wash hand basin, double glazed window.
Main Reception Hall - Stairs to the first floor with cupboard under, radiator, exterior door to: Conservatory - 2.72m x 2.59m max (8'11" x 8'6" max) - Upvc double glazed on a brick base with tiled floor, glass roof, radiator, Upvc door to garden.
Lounge - 5.18m x 4.62m max (17' x 15'2" max) - Upvc double glazed bay window, window to side, TV point, radiator, feature fireplace.
Living Room - 5.13m x 4.29m max (16'10" x 14'1" max) - Upvc double glazed bay window to front, radiator, double glazed window to side.
Kitchen - 6.17m x 3.68m max (20'3" x 12'1" max) - Range of grey shaker style wall and base units with worksurfaces incorporating a round bowl sink with mixer tap, 4 ring gas hob with extractor hood over, oven unit with built-in electric double oven, Upvc double glazed and single glazed windows, spotlights to ceiling, radiator.
Pantry - 3.30m x 1.98m max (10'10" x 6'6" max) - Wall and base units, worksurface, double and single glazed windows, radiator, ceiling spotlights.
Utility Room - 3.81m x 2.51m (12'6" x 8'3") - Worksurface with sink unit with mixer tap, cupboards, space and plumbing for washing machine and dryer, secondary double glazed window, door to: Porch - 3.00m x 1.35m (9'10" x 4'5") - Tiled floor, Upvc double glazed door with side screens, door to garage, further door to: Sunlounge - 2.92m x 2.87m (9'7" x 9'5") - Upvc double glazed doors, cupboards, worksurface.
First Floor Galleried Landing - Upvc double glazed window, radiator, cloaks cupboard. Bedroom 1 - 4.27m x 4.27m max (14' x 14' max) - 2 Upvc double glazed windows, built-in wardrobe, radiator.
Bedroom 2 - 4.39m x 4.27m (14'5" x 14') - 2 Upvc double glazed windows, radiator, built-in wardrobe. Bedroom 3 - 4.11m x 2.90m (13'6" x 9'6") - Upvc double glazed window, radiator, built-in wardrobe.
Bedroom 4 - 3.48m x 3.07m (11'5" x 10'1") - Upvc double glazed window, radiator, wash hand basin, airing cupboard housing the hot water cylinder.
Shower Room - 2.49m x 1.98m (8'2" x 6'6") - Walk-in shower cubicle with glass screen and electric shower, vanity wash hand basin, extractor fan, heated electric towel rail.
Bathroom - 2.84m x 2.34m max (9'4" x 7'8" max) - Panelled bath, vanity wash hand basin, wc, bidet, radiator, tiling to walls, Upvc double glazed window, ceiling spotlights.
Grounds & Gardens - The property is bounded to Queen Street by a low wall with brick pillars and inset wooden panels with a pair of wooden gates opening onto a block paved parking area and drive leading to the Garage.
There are attractive and well established gardens to all sides being laid to lawn, paved paths and patio area, arbour seat and an abundance of trees and shrubs.
The boundaries of the property are shown edged in red on the plan. Garage - 4.38m x 3.48m (14'4" x 11'5") - Pair of timber garage doors, 2 windows to side, personal door to porch, power and light.
Tenure & Possession - The property is Freehold with vacant possession upon completion. Services - We understand that mains gas, electricity, water and drainage are connected to the property.
Local Authority - Council Tax Band 'C' payable to Local Authority: East Lindsey District Council, The Hub, Mareham Road, Horncastle, Lincs, LN11 8UP. Tel: .
Energy Performance Certificate - The property has an energy rating of 'E'.
The full report is available from the agents or by visiting Reference Number: 0759-3029-1201-1147-9200 Viewing - Viewing is strictly by appointment with the Alford office at the address shown below.
Directions - From the main A16 crossroads turn into Spilsby and proceed past the market place turning left into Queen Street, proceed along Queen Street and the property will be found on the right hand side.
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 Queen Street, Spilsby
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