No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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Guide price£499,000
Added yesterday

6 bedroom block of apartments for sale

Spalding PE11
Auction
Added yesterday
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Block of apartments
6 bed
0 bath
EPC rating: E*
828 sq ft / 77 sq m

Key information

Tenure: Freehold
Council tax: Band A
Broadband: Ultra-fast 1100Mbps *
Mobile signal: 
EE O2 Three Vodafone
Water: Ask agent
Heating: Ask agent
Electricity: Ask agent
Sewerage: Ask agent
Discover more information

Property description & features

  • Tenure: Freehold
  • A Grade II listed block of Five flats
  • A detached one bedroom bungalow
  • Possible development potential
  • Town centre location
  • Car park to the rear and front.
  • Income of £55,992 pa.
  • Guide price: £499,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am, Wednesday 12th February 2025

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12TH FEBRUARY 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, except for flat 2, currently in the process of being re-let. When fully occupied, this provides a rental income of £55,992 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 A

Tenure: Freehold

EPC Rating: Please refer to Legal Pack

Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £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.

Places of interest

    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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    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on September 21, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength: obtained from Ofcom on September 21, 2022

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area: obtained on August 18, 2017 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.