3-bedroom house · PE11 2LN
Listing removedReduced £20 (−2%) on 7 AugListed 108 days · slow let
Opportunity summary
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About
*large 3 bedroom semi detached house *popular semi rural market town *access to local amenities, bus routes and spalding train station *close to boys & girls grammar schools as well as spalding academy *available September 2026.
This large three bedroom semi detached house is situated in a convenient location within the Lincolnshire market town of Spalding, which is 15 miles from Boston and 20 miles from Peterborough.
The town offers excellent load links via the A16 and A15, and has a train station with regular routes between Peterborough and Lincoln.
The town has the Johnson Hospital, grammar schools the girls High School and boys Grammar School, as well as Spalding Academy Secondary School, and has excellent shopping facilities including several super markets and Springfield Shopping Centre, which is within walking distance of the house and can be accessed both by car or the River Taxi.
The accommodation consists of living room, separate dining room, modern kitchen, utility area, downstairs cloakroom, two doubles and a single bedroom, modern bathroom, uPVC double glazing, full gas central heating, large enclosed rear garden, and brick built shed.
The house has a good size enclosed front garden, which offers off road driveway parking for several cars, and an entrance door leading to hallway.
The hall has stairs to the first floor and doors to the living room and the separate dining room.
The living room measures 3.84m x 3.34m (12`7" x 10`11") The dining room measures 3.74m x 3.27m maximum (12`3" x 10`9") plus a large built in under stairs cupboard and leads to the kitchen, which measures 3.75m x 1.79m (12`4" x 5`10") and has an attractive range of modern units, with built in electric oven and hob, with extractor over, plumbing and space for washing machine and door to the rear lobby.
The rear lobby has doors to the front and rear gardens, a door to a ground floor cloakroom fitted with a w.c., and door to a large utility cupboard.
The first floor landing has a built in cupboard and doors to the bedrooms and the bathroom.
The bedrooms are two good size doubles, measuring 3.74m x 3.73m maximum (12`3" x 12`3"), with a small built in wardrobe, and 3.23m x 3.03m plus door recess (10`7" x 9`11"), with small built in wardrobe, and a large single measuring 2.47m x 2.42m (8`1" x 7`11") with over stairs cupboard.
The bathroom has been refurbished with a modern white three piece suite with shower fitted over the bath.
To the rear of the house is a large garden with patio and lawn and a large brick built shed with uPVC double glazed window to the rear, light & power, and a sink with cold water tap.
You can arrange a viewing or get more information by calling Progressive Lets on , emailing or visiting our Facebook page at To view more of our properties please join our group, /
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
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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 89, Chestnut Avenue, Spalding
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