Park Road, Spalding

This refurbished home is perfect for first-time buyers seeking a move-in-ready property close to Spalding Town Centre. With a brand new kitchen, new flooring, fresh carpets, and full redecoration, the property offers a modern, clean, and welcoming feel throughout. Ideally located within walking distance of the town centre and right next to a bus stop, it provides superb convenience for commuting, accessing local amenities, and travelling further afield. The property is also fitted with Solar PV panels, helping to reduce energy bills. Outside, there are two off-road parking spaces and a large enclosed rear garden, making it ideal for families, pet owners, or anyone who values outdoor space.

Summary - Room Summary

Living Room / Potential Bedroom Four (3.43m x 3.33m)
Currently a bright and welcoming living area at the front of the house. For HMO use, this space could easily be converted into a fourth bedroom, with interlinked smoke alarms and fire doors already in place.

Dining Room (3.43m x 3.30m)
Spacious dining area adjacent to the kitchen, ideal for family meals or communal living in an HMO setup.

Kitchen (2.29m x 1.96m)
Brand new, modern kitchen with plenty of storage and work surfaces. Fully redecorated and ready for use.

Bathroom
Well-appointed bathroom with fresh décor and modern fittings, suitable for family use or multiple tenants.

Bedroom One (3.43m x 3.30m)
Generous double bedroom, ideal for a master bedroom in a home or one of the HMO rooms.

Bedroom Two (3.43m x 2.44m)
Comfortable second double bedroom, suitable for children, a home office, or as a tenant room in an HMO.

Bedroom Three (3.20m x 1.96m max)
Good-sized single bedroom, perfect for a nursery, study, or a fourth HMO tenant.

Exterior
Large enclosed rear garden providing safe outdoor space and two off-road parking spaces to the front.

Investors Anticipated Return - Investor Opportunity – Potential 4-Bed HMO

The property already benefits from fully interlinked smoke alarms and fire doors throughout. Subject to approval from the local council, it could meet the requirements for a 4-bedroom HMO with minimal further adjustments.

Rental Figures

Standard single let anticipated rent: in excess of £900 per month.

Projected HMO income:

£400 per week

Equivalent monthly HMO income: £400 × 52 ÷ 12 = £1,733.33 per month

This provides investors with a strong alternative rental strategy, offering significantly higher potential monthly income.