4-bedroom house · PE21 8PZ
Listing removedReduced £5k (−4.2%) on 8 JulListed 141 days
Opportunity summary
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About
Modern Method Of Auction - T & c's Apply Prime Opportunity For HMO Conversion (Subject to Planning and Consents) Or Spacious Family Home, this substantial four-bedroom townhouse is offered for sale via the Modern Method of Auction with no onward chain, presenting an exciting opportunity for investors, developers and owner occupiers alike.
Requiring a programme of improvement and modernisation throughout, the property offers generous accommodation arranged over three floors, extending to over 1400sqft.
The versatile layout provides multiple reception areas, four well-proportioned bedrooms, an en-suite and family bathroom, offering excellent flexibility for a variety of buyers.
With its size, configuration and central location, the property is considered ideally suited for HMO conversion, subject to the necessary planning permissions and consents, whilst also lending itself perfectly to a large family home.
Further benefits include off-road parking and an enclosed rear garden, adding to the property's appeal and future potential.
Offering an excellent opportunity to create a substantial family residence or attractive investment property, early viewing is highly recommended to appreciate the size, scope and possibilities on offer.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Entrance Hall 5.27m x 1.93m - 17'3” x 6'4” WC Kitchen 3.68m x 2.74m - 12'1” x 8'12” Lounge/Dining Room 4.93m x 2.74m - 16'2” x 8'12” Office 3.65m x 1.93m - 11'12” x 6'4” First Floor Landing 3.55m x 1.89m - 11'8” x 6'2” Bedroom 1 3.59m x 4.8m - 11'9” x 15'9” En-Suite 2.11m x 1.68m - 6'11” x 5'6” Bedroom 3 3.14m x 6.09m - 10'4” x 19'12” Second Floor Landing 2.21m x 2.17m - 7'3” x 7'1” Bedroom 2 3.55m x 4.8m - 11'8” x 15'9” Bedroom 4 3.03m x 6.09m - 9'11” x 19'12” Bathroom 2.25m x 2.29m - 7'5” x 7'6”
Value & comps
No previous sales on record.
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Returns
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Archie refurb estimate: a Pro feature
0.0% below starting price
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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.
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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 4, Oakham Terrace, Boston
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