2-bedroom house · PE11 3LH
Listing removedListed 90 days
Opportunity summary
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About
40% Shared Ownership - Welcome to Plot 40, 'The Welland' - A two bedroom semi-detached home located in a brand new development Monks Meadow, Spalding.
The accommodation comprises of kitchen, separate lounge and downstairs W/C to the ground floor. Upstairs is home to two bedrooms and family bathroom.
Outside benefits from a private low maintenance garden and driveway car parking. Monks Meadow is a new development coming soon to the market town of Spalding, Lincolnshire.
This collection of 2,3 and 4 bedroom homes will be available through Shared Ownership , set against the backdrop of Lincolnshire's Fenland countryside.
Each home is designed for modern living and comes with a full flooring package, so you can move straight in.
Located in Spalding-a thriving market town famed for its flower fields and waterways-Monks Meadow offers the best of town and country living.
The town provides shops, cafés, leisure options and a welcoming community spirit. With strong road and rail links to Peterborough, you can enjoy scenic surroundings without sacrificing connectivity.
Local Area Information Located, this property benefits from a wide range of local schools, a National Rail station around a 17 minute walk away and a wide range of local amenities.
On schooling, the area is well-served at both primary and secondary level.
There are eight good or outstanding primary schools within two miles, including Monkshouse Primary Academy (rated good by Ofsted) a 4 minute walk, and Wygate Park Academy (assessed as good by Locrating) about a 9 minute walk.
Wygate Park ranks in the top 19% of schools nationally. The strongest local intake is at Wygate Park, with around 34% of pupils nearby. Families also commonly consider Spalding Primary Academy.
There are three good or outstanding secondary schools within five miles, including Spalding High School (rated outstanding by Ofsted) 1.5 miles, and Spalding Grammar School (rated good by Ofsted) about a mile.
Spalding High ranks in the top 5% of schools at gcse level. Around 46% of local pupils attend Spalding Academy. Another popular secondary option is Spalding Grammar.
Spalding Grammar and Spalding High both offer sixth form provision for a-level or equivalent study.
An all-through option is available at Springwell Alternative Academy Spalding (1.6 miles), offering education from primary through to secondary level.
There is one independent school in the area, Ayscoughfee Hall School (just over a mile).
School admissions are never certain, but based on historical admissions patterns at primary level Monkshouse is likely within catchment and Wygate Park is possibly within catchment and at secondary level Spalding Grammar and Spalding High are both likely within catchment for this property.
For transport, Spalding station serving National Rail is the nearest connection, around a 17 minute walk.
Further connections are available at Spalding Town Centre and Springfields Designer Outlet And Leisure. Bus services are within easy reach, the closest stop a 3 minute walk away.
Day to day essentials are well covered with Penny Gate Supermarket (about a 8 minute walk) and Spar and Fantasia, both about a 9 minute walk away.
Outdoor options include Monks-House Park (a 4 minute walk) and Avignon Park (about a 8 minute walk).
Local food and drink options include Spalding Pizza And Kebab House Takeaway and Calvary Baptist Church, both about a 8 minute walk away and Aroma (about a 10 minute walk).
Local healthcare includes a gp surgery at Beechfield West Health Centre (about a 6 minute walk) and an nhs dentist at Fen House Dental Practice (about a 8 minute walk).
Places of worship nearby include Calvary Baptist Church (about a 7 minute walk) and St. John The Baptist (around a 13 minute walk).
Value & comps
No previous sales on record.
Returns
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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.
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