15 London Road and Bungalow to the rear, Spalding, Lincolnshire PE11 2TA
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- SIZE
Ask agent
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- A Grade II listed block of six flats
- Included in the sale is a detached bungalow
- Possible development potential
- Town centre location
- Car park to the rear and front.
- Income of £57,600 pa.
- Guide price: £499,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 11:00am, Wednesday 26th March 2025
Description
SOLD AT AUCTION FOR £550,000
An imposing Grade II listed house comprising six flats with detached bungalow and large car park at the rear.
Coming to market for the first time after fifty years, this striking C19th, Grade II listed house overlooks the River Welland and Ascoughfee gardens in the centre of Spalding. It has been converted in to six, large, one-bedroom flats (four at the front of the building with river views, and two at the rear). There is a one bed, detached bungalow and extensive parking in the grounds. All flats and the bungalow are fully let. This provides a rental income of £57,600 pa. The two large flats in the rear extension, offer further potential to convert in to four studio apartments, subject to planning permission, with permission already granted to replace all windows in this extension. This project is underway, with four new windows installed in the last year. New consumer units have also been installed in all flats, with flats 4 and 5 being completely re-wired in the last two years. The block has a well-maintained fire safety and emergency lighting system throughout.
The bungalow has a small patio garden, and was completely rebuilt, rewired and re-roofed in 2010. It lies in Spalding’s conservation area. It is accessed from the rear of the main block of flats, or from Orchard Street. Orchard street also gives access to the car park (for 10 cars). The total site is approximately 0.16 acres.
Spalding provides numerous shops and recreational facilities together with a rail link into Peterborough and London Kings Cross.
Flat 1a Kitchen, lounge, bedroom, bathroom. Front door with steps leading to London Road
Back door leading to rear of building.
Flat 1 Hall, kitchen, lounge, bedroom, bathroom. French doors to patio and leading to car park.
Front door accessed from communal area.
Flat 2 Hall, lounge with bay window, kitchen, bedroom, bathroom. Front door accessed from raised ground floor.
Flat 3 Hall, lounge, kitchen, bedroom, bathroom. Front door accessed from 1st floor.
Flat 4 Hall, lounge with bay window, kitchen/ breakfast room, bedroom, bathroom. Front door accessed from 2nd floor.
Flat 5 Hall, lounge with bay window, Kitchen/ breakfast room, bedroom, bathroom. Front door accessed from 3rd floor.
Bungalow Hall, lounge, kitchen /breakfast room, bedroom, bathroom. Patio garden.
Outside. Parking to front and a car park at the rear.
Council Tax Band A
Tenure: Freehold
EPC Rating: Please refer to Legal Pack
Administration Fee: £1200 inc VAT payable on exchange of contracts.
Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Band: A
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
15 London Road and Bungalow to the rear, Spalding, Lincolnshire PE11 2TA
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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