HMO Semi-Detached House
GROSS RENT / YIELD
£33,288 / 17.5%
NET RENT / YIELD
£26,438 / 13.9%
Through our expertise and research, we have found that this property is above the average of this location based on data from REalyse, PropertyData and Zoopla
The higher the yield the stronger the return on investment.
1 reception room
We are currently awaiting the AST for the rented rooms but can provide a room payment breakdown upon request.
Whilst the financials below are marketing averages, these are the running costs provided by the landlord:
Please contact us for a bespoke financial analysis.
Sales Trends Prices in PE11 have increased 28% over the last 5 years (+2% over the last 12 months) and are £174k which varies by property type ((£102k-£217k). There have been 61 properties sold in the area in the last 12 months.
Rental Trends Rents in PE11 are now at £647 per month. Given prices in the area, gross yield is currently 5.4% which is higher than the national average of 4.7% and PE12 of 4.6%. This property is achiving higher than the area.
Documents available on request, please contact for viewings or further questions.
The information relating to the property is supplied by the vendor and the latest available at the date of listing.
Certain information may expire or become inaccurate over time and should be verified by the purchaser’s solicitor.
GROSS RENT PER ANNUM
GROSS RENTAL YIELD
NET RENT PER ANNUM
NET RENTAL YIELD
FULLY MANAGED OPERATING COSTS
Click to understand assumptions.
Profit & Growth
ANNUAL (PRE-TAX) PROFIT
Click to understand assumptions.
HPI GROWTH (PREV 5 YRS)
This information is for illustration purposes only and does not constitute advice. It is correct at the time of writing. For advice specific to your personal circumstances, please speak to a financial adviser.
Spalding is a market town in the East Midlands. This town is situated on the River Welland in the South Holland district of Lincolnshire, around 18 miles north of Peterborough and 49 miles east of Leicester.
This area is serviced by Spalding railway station which lies on the Lincoln Central – Peterborough Line and is managed by East Midland Trains. East Midland Trains operates an hourly service from Monday to Saturday in each direction with southbound services towards Peterborough and northbound services to Sleaford and Lincoln. Some of these services continue onwards from Lincoln to Newark North Gate and there is a daily evening service to Nottingham via Peterborough and Melton Mowbray.
In town there are a variety of local supermarket options including a Sainsburys, Lidl, Aldi and a Marks and Spencer Food Hall. Just outside of the town centre there is the Springfields Shopping Outlet & Festival Gardens which features over 60 stores, including all national favourites and some boutiques to make for a well-rounded retail experience. This outlet also has a selection of dining options and the festival gardens which offers a beautifully landscaped area including designs by Charlie Dimmock and Kim Wilde.
Spalding is at the heart of a major region of flower and vegetable cultivation due to the rich silty soil. There are many companies within the agriculture field hiring people in the area, such as garden centres, plant nurseries as well as various vegetable packing plants. Some of the big employers in town are FESA UK LTD, Greencore, Fowler-Welch Coolchain and Lloyd Loom of Spalding.
This location could be ideal for young families looking for schooling options for their children in walking distance within the town. Some of the primary schools in town are Spalding Parish Church of England Day School and Wygate Park Academy, both of which are co-educational up to the age of 11. There are two grammar schools in town Spalding Queen Elizabeth Royal Free Grammar School for boys and Spalding High School for girls, both of which have a mixed sixth form.
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