2-bedroom house · PE12 9UL
Listing removedReduced £10k (−8.3%) on 25 JunListed 129 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
If you're looking for your first home or to take your first step onto the property ladder, this two-bedroom mid-terrace home in Sutton Bridge could be just what you're looking for.
Whilst the property would benefit from some updating and tlc, it offers plenty of potential for someone willing to put their own mark on it.
Stepping through the front door, you walk into the lounge, which has a useful under-stairs storage.
Beyond this is a small inner hallway providing access to the family bathroom and the kitchen/diner at the rear of the property, with a door leading out to the rear garden.
Upstairs offers two well-proportioned bedrooms, making this an ideal home for first-time buyers or a straightforward buy-to-let investment.
Outside, the property has an enclosed rear garden, offering plenty of space for families, entertaining, or simply enjoying the outdoors.
This property is ideal for first-time buyers looking to create a home of their own, or landlords seeking a straightforward investment with future potential.
UPVC door to Lunge/diner 6.17m x 4.05m UPVC window to front Fire surround Radiator Understairs storage cupboard Inner lobby with doors off to bathroom and kitchen Bathroom - Low level wc Wash hand basin Bath with shower mixer Kitchen - 3.5m x 2.35m UPVC door to rear garden UPVC window to rear Stainless steel sink Base and wall mounted unit.
Wall mounted Worcester boiler Upstairs Landing with doors off to Bedroom 1 4.07m x 3.55m UPVC window to front Radiator Bedroom 2 - 2.49m x 2.57m UPVC window to rear Built in wardobe/cupboard Radiator Rear garden Laid to lawn enclosed by fencing Timber shed Mains drainage Gas fired central heating EPC D shdc Band A On street Parking - likely rental income £850 pcm Call us today to arrange a viewing
Value & comps
No previous sales on record.
Returns
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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
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FAQ
About 24 Lime Street, Spalding
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