2-bedroom semi-detached house · PE11 1NN
Listing removedListed 63 days · slow let
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Listing Reference: 96071064 This property boasts a welcoming entrance hallway, spacious living/dining room, two bedrooms, rear garden and outbuilding, and has been refreshed throughout.
Useful information: - Integrated oven and gas hob - Gas central heating - Double glazing throughout - On street parking - EPC Rating: D - Council Tax Band: A - Rent: £850pcm - Deposit: £850 - No deposit option available - Length of tenancy: Minimum 2 months - Tenancy type: Periodic - In-person viewing recommended before application; if this is not possible, please mention this when enquiring - Affordability check required - Benefits considered, with all income types treated equally - Household income must exceed £30,600 per annum No deposit option available: Reposit is an alternative to a traditional tenancy deposit, allowing you to pay a smaller, non-refundable fee instead of the standard deposit.
This house will make a great home for small families and couples, with all applicants considered.
You will enjoy the advantages of renting with a professional landlord that provides high standards of homes and customer service for residents across the UK.
Email us to enquire and we will be in touch to book a viewing.
Location Highlights Amenities & community: The property is positioned on Pennygate, within easy reach of Spalding town centre and its range of shops, supermarkets, cafés and everyday services.
Springfields Designer Outlet & Leisure provides additional shopping, dining and leisure facilities on Camel Gate.
Transport: Spalding railway station is located on Winsover Road and is managed by East Midlands Railway.
Rail services connect Spalding with Peterborough, where passengers can access onward East Coast Main Line connections. Local bus services also connect Spalding with surrounding communities.
Doctors: Beechfield Medical Centre is located on Beechfield Gardens, while Beechfield West Medical Centre is situated directly on Pennygate.
Prospective residents should confirm registration availability and practice boundaries directly.
Dentists: Winsover Dental Care is located on Winsover Road in central Spalding, with further dental practices available across the town.
Prospective residents should confirm current nhs or private patient availability directly with their chosen practice. Schools: Monkshouse Primary Academy is situated on Pennygate itself.
St Norbert's Catholic Primary School is also located on Pennygate, while Spalding Academy provides secondary education in the town.
Admissions and catchment arrangements should be confirmed with the relevant school or local authority.
Shopping & leisure: Springfields Designer Outlet & Leisure is a notable local attraction with shopping, restaurants and cafés.
A seasonal water taxi also links Springfields with Spalding town centre, operating in 2026 from 4 April to 27 September.
Value & comps
No previous sales on record.
Rental comparables are shown in the Rental section below. Sold comparables remain for area capital context only.
Returns
We're still gathering serviced-accommodation data for this area.
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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
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FAQ
About 121 Pennygate, Spalding, Spalding
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