5-bedroom house · PE11 2YG
Listing removedListed 222 days
Opportunity summary
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About
This property represents an excellent opportunity for investors seeking immediate rental income in the growing rental market of Spalding.
A well presented and fully licensed House in Multiple Occupation (HMO) located in a popular residential area, offering an excellent turnkey investment opportunity with strong rental demand.
The property comprises of a ground floor self contained bedsit with ensuite with access from the front entrance door.
The rear entrance door provides access to the inner hallway, communal kitchen and stairs to the first and second floors.
There are 2 bedrooms to the first and second floors with a shared shower room also to the second floor. Each room is designed to provide comfortable and modern accommodation for professional tenants.
Externally, the property offers a private rear court yard and on-street parking.
Situated within easy reach of local amenities, shops, supermarkets, and transport links, the property is ideally positioned for tenants working locally or commuting within the wider Lincolnshire area.
Bedsit 5.82m x 3.61m - 19'1” x 11'10” Shower Room 1.45m x 1.32m - 4'9” x 4'4” Hall Dining Room 1.93m x 1.7m - 6'4” x 5'7” Kitchen 3.86m x 2.46m - 12'8” x 8'1” First Floor Landing Bedroom 3 3.59m x 3.22m - 11'9” x 10'7” Bedroom 4 4.49m x 1.83m - 14'9” x 6'0” Second Floor Landing Bedroom 1 3.59m x 2.56m - 11'9” x 8'5” Family Shower Room 1.76m x 1.28m - 5'9” x 4'2” Bedroom 2 2.74m x 2.64m - 8'12” x 8'8”
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
Agent & docs
FAQ
About 47, Cross Street, Spalding
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