# House share for rent (PE11 2YQ)

## Property Details

| Key | Value |
|-----|-------|
| Address | 24 CROSS STREET, SPALDING, LINCOLNSHIRE PE11 2YQ |
| Price | £498 pcm |
| Construction age | England and Wales: 1900-1929 |
| Floor area | 103 m² |
| Last sold | £140,000 Jan 2019 |

## EPC Rating & Upgrade Cost

- **Current rating:** E
- **Potential rating:** B
- **Expiry date:** 31/05/2028
- **Current heating cost:** £1,077/year
- **Est. upgrade cost to C:** £28,500

### Recommendations
- Q (£4,000 - £14,000)
- W2 (£4,000 - £6,000)
- G (£350 - £450)
- I (£2,200 - £3,000)
- N (£4,000 - £6,000)
- U (£5,000 - £8,000)

[View full EPC on gov.uk](https://find-energy-certificate.service.gov.uk/energy-certificate/0698-6022-7286-5688-2984)

## Description

Spacious Room Available for Single Occupancy – Fully Refurbished with All Bills Included

We are pleased to offer this generously sized room available for single occupancy in a recently refurbished shared house. The room has been freshly decorated and is furnished with brand new furniture, providing a comfortable and modern living space.

Key Features:

- Large room, ideal for single occupancy

- Freshly decorated

- Brand new furniture including bed and wardrobe

- All bills included (electricity, water, gas, council tax, and Wi-Fi)

## Property Photos

- ![IMG_4393.jpeg](/listings/photos/88597140/756327) - IMG_4393.jpeg
- ![IMG_4391.jpeg](/listings/photos/88597140/756328) - IMG_4391.jpeg
- ![IMG_4392.jpeg](/listings/photos/88597140/756331) - IMG_4392.jpeg
- ![IMG_4394.jpeg](/listings/photos/88597140/756334) - IMG_4394.jpeg

## FENSA Certificates

This property has 1 FENSA certificate(s) on record.

### FENSA Certificate #10071497
- **Address:** 24 Cross Street, SPALDING, PE11 2YQ
- **Certificate Issued:** 03/02/2014
- **Work Completed:** 10/01/2014
- **Items:** 8 window(s), 1 door(s)

## Rental Range

*ONS Price Index of Private Rents (South Holland). Low / Realistic / Optimistic = conservative / average / best case.*

- **Low:** £686/mo
- **Realistic:** £762/mo
- **Optimistic:** £838/mo

## LHA (Local Housing Allowance)

*VOA 30th percentile rent floor for Lincolnshire Fens (Apr 2025 – Mar 2026).*

## Rental Comparables

*Residential lets from OpenRent and Rightmove for the area. Bedroom counts vary — use the Beds column to compare like-for-like lets. Student lets are excluded.*

| Title | Rent | Beds | Distance | As seen on |
|------|------|------|------|------|
| 2 Bed Terraced House, London Road, PE11 | £775/mo | 2 | 0.44 miles | OpenRent |

**Average rent: £775/mo (1 listing)**

## Rent-driven metrics

*Based on OpenRent comparables (median £775/mo).*

- **Gross yield:** 1867.5%
- **Monthly cashflow:** £671/mo (75% LTV, 3.95% APR (5yr fixed), 25yr term)
- **Cash-on-cash ROI:** 5571.6%

*Gross yield = annual rent as % of price (no costs). Cashflow = rent − mortgage − 10% maintenance − £25/mo compliance; assumes 75% LTV, 3.95% APR (5yr fixed), 25yr term. ROI = annual profit ÷ cash in (deposit + 4% purchase costs).*

## Price per Square Metre

- **£/m²:** £5/m²

## Flood risk

- **Zone:** 1
- **Risk:** Low
- **Source:** Job (default Low)

[Check long-term flood risk (GOV.UK)](https://check-long-term-flood-risk.service.gov.uk/postcode)