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Guide price
£499,000

6 bedroom block of apartments for sale

Spalding PE11
Auction
Block of apartments
6 beds
828 sq ft / 77 sq m
EPC rating: E
Added > 14 days

Key information

TenureFreehold
Council taxBand A
BroadbandUltra-fast 2000Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Freehold
  • 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  • Unless previously sold or withdrawn prior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

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 26th MARCH 2025 AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE

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.

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About this agent

Auction House - East Anglia
Auction House - East Anglia
The Barn, Newmarket Road Cringleford Norwich, Norfolk NR4 6UE
01603 398879
Full profileProperty listings
The Auction House team have been holding auctions in East Anglia for over fifteen years. We originally operated under the Tops name, then as Tops Auction House. We have been the Eastern Region’s leading Land and Property auctioneers since 2002 and are highly respected in the area. Sale numbers have grown over the period to over 400 properties per year with success rates averaging out at well over 80% since 2004. Auction House East Anglia draws entries for its auction room in Norwich from a wide geographical area and is supported by a number of market and coastal town Introducer Agents who provide entries and assist with viewings. Auction House East Anglia operates from offices in Norwich (servicing Norfolk), King's Lynn (servicing NW Norfolk and parts of Cambridgeshire), Peterborough (servicing Cambridgeshire) and Ipswich (servicing Suffolk and North Essex) and sells a wide variety of property types covering the residential, land, commercial, investment and agricultural sectors. Many are vacant for improvement, others tenanted or for development. We are expert advisers and guide vendors as to the most appropriate method of sale which could be by Formal or Informal Tender, Invited Offer, Private Treaty or Auction. Auction House East Anglia was the model Licensee and provided the template for others to follow. It continues to be one of the most successful operators in the UK and is the ‘first choice’ regional auctioneer across the counties of Norfolk, Suffolk, Cambridgeshire and North Essex.
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