8 Priory Road, Spalding, Lincolnshire, PE11 2XA
TO

8 Priory Road, Spalding, Lincolnshire, PE11 2XA

By Town and Country Property Auctions

£ 190,000

Reviews

2 out of 5 stars

Town and Country Property Auctions says ..

Guide Price £190,000 For sale by unconditional online auction, registration is now open. Town & Country Property Auctions are pleased to present this six bedroom licensed HMO producing a phenomenal rental income of circa £38,000 per annum which equates to 20% yield based on the...

Property Oracle says ..

This six-bedroom property in Spalding, Lincolnshire, presents a mixed bag. Its strong point is undoubtedly its location. The proximity to Spalding Grammar School and other schools makes it attractive to families, while its closeness to the town centre and the railway station offers convenience for commuting and access to local amenities. The property’s potential as an HMO, as indicated in the listing, further adds to its appeal. The current state of the property suggests some updating is required. While the exterior appears relatively well-maintained, the interior imagery reveals a kitchen and bathroom that could benefit from modernisation, or at least some updating and potentially minor repairs. The limited outdoor space, however, is a drawback. It has a small paved rear yard, but this does not comprise a substantial garden. The price point of £190,000 needs to be considered in the context of the local market. Whilst seemingly reasonable for the number of bedrooms and its location, the requirement for work needs to be factored into the calculation. Ultimately, a potential buyer or investor should carefully weigh the pros and cons before making an offer. A professional survey would be strongly recommended before committing to the purchase.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

Price
7
Condition
5
Location
7
Land
3
Bedrooms
6
Bathrooms
0
Sqft (est)
985.00
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Leaflet © OpenStreetMap contributors

The heatmap indicates the level of crime in the area. The color of the heatmap indicates the crime severity and recency.

Metrics Year-on-Year

Average area value
176,421.00 £
Decreased by 4.61 %
from 184,948.00 £
Est sale value
195,030.00 £
Decreased by 20.16 %
from 244,280.00 £
Average area rental value
721.00 £/mo
Decreased by 3.87 %
from 750.00 £/mo
Est letting value
0.00 £/mo
Decreased by 100.00 %
from 985.00 £/mo
Est rental Yield
4.90 %
Increased by 0.62 %
from 4.87 %
Crime Rate
7.00 %
Unchanged by 0.00 %
from 7.00 %

Agent Activity

  • Town and Country Property Auctions created the listing.

Nearby Schools

NameTypeOfstedDistance
Spalding Grammar SchoolAcademy ConverterGood0.11 KM
Ayscoughfee Hall SchoolOther Independent School0.28 KM
St Norbert'S Catholic Voluntary AcademyAcademy Converter0.89 KM
Spalding Parish Church Of England Day SchoolAcademy Sponsor Led1.18 KM
The Garth SchoolAcademy Special ConverterOutstanding1.20 KM

Images

Nearby Streets

NameAverage PriceAverage SqftDistance
Henrietta Street £ 249,99500.00 KM
Tower Lane £ 145,00000.00 KM
The Green £ 300,00000.00 KM
Park Lane £ 425,00000.00 KM
Tulip Walk £ 439,95000.00 KM

Nearby Transport

NameNLCTLCDistance
Spalding6388SPA0.60 KM

Nearby Listings

AddressPriceTypeScoreDistance
Priory Road, Spalding, PE11 £ 390,000BUYUnknown0.00 KM
Priory Road, Spalding £ 215,000BUYUnknown0.11 KM
St Thomas Road, Spalding £ 275,000BUY6 / 100.15 KM
Haverfield Road, Spalding £ 350,000BUY6 / 100.16 KM
Haverfield Road, Spalding £ 235,000BUY6 / 100.17 KM

Nearby Properties

AddressPriceDistance
17 Priory Road £ 185,0000.01 KM
9 Priory Road £ 140,0000.01 KM
The Abbey £ 120,0000.01 KM
St Gutlacs £ 127,0000.01 KM
15 Priory Road £ 93,9500.01 KM