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See how verdicts work2-bedroom flat · PE11 1RY
Listing removedListed 651 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Belvoir incorporating Munton and Russell are pleased to offer for sale this spacious modern and executive first floor apartment, the property is presented in excellent order throughout and viewing is highly recommended.
Being situated in the heart of the market town of Spalding the property has excellent access to all local amenities.
The property has a secure electronic entry system, gated allocated parking and communal lift to all floors.
Accommodation in brief comprises of entrance, lounge, two bedrooms, bathroom and fitted kitchen. EPC rating: B.
Tenure: Leasehold, COMMUNAL AREA With electronic entry to front and rear car park, Lift and stairs to all floors ENTRANCE HALL Door to entrance, storage cupboard cupboard, radiator.
INNER HALLWAY Radiator, doors to: LOUNGE 15'8" x 13'10" (4.78m x 4.22m) Box bay sealed unit double glazed window to the rear elevation, two radiators. maximum measurements excluding bay.
KITCHEN 11'5" x 9'9" (3.48m x 2.97m) Sealed unit double glazed window to the side elevation, range of fitted base and wall units, built in oven hob and hood, space for fridge freezer, plumbing for washing machine, stainless steel sink unit with mixer taps over, radiator, wall mounted boiler providing domestic hot water and radiator heating.
Maximum measurements. BEDROOM 1 11'7" x 11'5" (3.53m x 3.48m) Box bay sealed unit double glazed window to the rear elevation, fitted wardrobe, radiator.
BEDROOM 2 11'8" x 9'2" (3.56m x 2.79m) Sealed unit double glazed window to the rear elevation, radiator.
BATHROOM Three piece suite comprising of WC, wash hand basin, panelled bath with electric shower over, radiator, extractor.
EXTERNALLY Allocated parking space to the rear, accessed by electronic gates.
AGENTS NOTE The property is subject to an annual service charge of £1551.62until 31st December 2025 and payable yearly. Ground rent of £50.00 per year.
Term of lease are until 31st December 2130.
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 Broad Street, Spalding, PE11
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