Property photos
Guide price
£300,000
(£275.95/sq. ft)
Block of flats for sale
HMO, Priory Road, Spalding PE111,087 sq. ft
Local area information
Property location
Nearby amenities
- Spalding Grammar School 0.1 miles
- Ayscoughfee Hall School 0.2 miles
- Spalding 0.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Features and description
- HMO Investment Opportunity
- Near to Spalding Train Station
- Nearly Fully Tenanted
HMO Investment Opportunity!
This Priory Road HMO Property located in the Market Town of Spalding on the River Welland in the South Holland district of Lincolnshire, and located only 0.3 miles from the Spalding Train Station, is suitable for occupation by a maximum of 5 people and is now For Sale.
Asking price of £300,000 (Three Hundred Thousand Pounds)
Current Gross Yield is 13%. Gross Yield of 14% and a 9.5% Net Yield of erv (Estimated Rental Value) of the property for 2024.
Please see the attached Schedule.
Majority of all units are already Let with at least 1 year Lease/AST in place.
1. Share Purchase of spv is available, saving approx 4% ( Stamp Duty Land Tax)
2. Opportunities for capital enhancements/value addition within the property, further increasing Return on Investment
3. Located in a near major transport hub, highly rated Offsted Schools and local amenities on the High Street, placing the property well for High Capital appreciation.
EPC Rating D
Contact DM and Co to arrange a Viewing By Appointment Only
DM & Co, Synonymous with Competitive Rates, Integrity and Success!
DM & Co is Proud to Inform you we now offer both Residential and Commercial Sales Services, to complement our Trusted Lettings and Management Services, due to popular demand.
This Priory Road HMO Property located in the Market Town of Spalding on the River Welland in the South Holland district of Lincolnshire, and located only 0.3 miles from the Spalding Train Station, is suitable for occupation by a maximum of 5 people and is now For Sale.
Asking price of £300,000 (Three Hundred Thousand Pounds)
Current Gross Yield is 13%. Gross Yield of 14% and a 9.5% Net Yield of erv (Estimated Rental Value) of the property for 2024.
Please see the attached Schedule.
Majority of all units are already Let with at least 1 year Lease/AST in place.
1. Share Purchase of spv is available, saving approx 4% ( Stamp Duty Land Tax)
2. Opportunities for capital enhancements/value addition within the property, further increasing Return on Investment
3. Located in a near major transport hub, highly rated Offsted Schools and local amenities on the High Street, placing the property well for High Capital appreciation.
EPC Rating D
Contact DM and Co to arrange a Viewing By Appointment Only
DM & Co, Synonymous with Competitive Rates, Integrity and Success!
DM & Co is Proud to Inform you we now offer both Residential and Commercial Sales Services, to complement our Trusted Lettings and Management Services, due to popular demand.
There are some planning applications within 0.5 miles of this home
Assess how they might enhance or detract from this home’s value.
More information
Unlock more data
Listed by
.png){kind=logo}
Property descriptions and related information displayed on this page are marketing materials provided by - DM & Co. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact DM & Co for full details and further information.