Spilsby Road, ,

Key Investment Features
• Substantial three-storey period townhouse in prime location
• Excellent potential to add value through refurbishment
• Strip-out works started – ready for investor vision
• Some electrical works completed; further upgrades required
• Potential for 6-bed HMO conversion (STP)
• Generous rear garden backing onto playing fields
• Off-road parking for two vehicles
• Walking distance to town centre & Pilgrim Hospital
• No onward chain – start works immediately

Property Description
An exciting refurbishment and investment opportunity — this large period townhouse on Spilsby Road offers excellent scope for capital growth or strong rental yields, including potential for a 6-bedroom HMO (subject to planning and licensing).
The property has operated as a successful buy-to-let in the past, but is now part-way through a strip-out in preparation for a full renovation. Some electrical work has already been carried out, and windows have been refurbished or replaced where required. However, the property still requires significant finishing and fit-out, allowing an investor to put their own stamp on the project.
Spanning three floors, the existing layout includes three reception rooms, a kitchen, and utility areas to the ground floor, three bedrooms and a bathroom space to the first floor, plus a large attic room with potential for conversion into further accommodation. With reconfiguration, the property could become a substantial family home or be adapted to a high-yield HMO.
Outside, there is off-road parking for two vehicles and a generous rear garden that backs onto open playing fields. The property is within walking distance of the town centre, Pilgrim Hospital, and well-regarded schools, making it a desirable location for both families and tenants.

Rooms List
Entrance Hall – Reception hallway with staircase to first floor and under-stairs storage.
Lounge – 4.2m x 4.0m
Front aspect with secondary double-glazed window, exposed floorboards.
Sitting Room – 3.9m x 3.9m
Rear aspect overlooking garden, exposed floorboards.
Dining Room – 4.8m x 3.0m
Side access, quarry tiled floor, radiator.
Kitchen – 3.9m x 3.1m
Side aspect, plumbing and gas supply in place, ready for fit-out.
Former Utility / Rear Lobby – Side window, rear garden access, former shower room and cloakroom spaces.
Bedroom One – 4.2m x 3.3m
Front aspect with cast iron fireplace, exposed floorboards.
Bedroom Two – 3.2m x 2.4m
Rear aspect, framework in place for extended bathroom.
Bedroom Three – 3.9m x 3.2m
Front aspect, exposed floorboards, radiator.
Bathroom – Rear aspect, plumbing in place, framed for enlargement.
Attic Room – 5.4m x 4.5m
Large space with potential for additional bedroom/en-suite or HMO configuration (STP).
Outside – Off-road parking for two vehicles, approx. 27m long garden backing onto playing fields.

Ideal for investors and developers — arrange a viewing today to explore the potential of this high-yield project in a sought-after location.