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See how verdicts work2-bedroom bungalow · PE24 4DR
Listing removedReduced £14.9k (−6.1%) on 21 JunListed 358 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description A beautifully presented detached bungalow ideally placed in a small cul de sac located within the centre of Wainfleet, just steps from a primary school and within a five minute walk from the shops, and amenities.
Wainfleet has a train station with direct line to Skegness, Boston & Nottingham with links to London.
The property comprises of lounge, kitchen, sitting room, utility room, shower room, two double bedrooms and bathroom.
The outside of the property provides ample off road parking for multiple vehicles, the front garden is mainly laid to lawn with lavender hedging and flower patches.
The rear garden is mainly laid to lawn with several patio seating areas, two garden sheds, summerhouse and greenhouse. Additional benefits include uPVC double glazing and oil central heating.
Viewings available now - by appointment only. Entrance Porch: Having uPVC double glazed entrance doors and entrance door to hallway.
Hallway: Having entrance door, built in storage cupboard, radiator, ceiling light point and smoke alarm. Lounge: 4.90m x 3.10m (16'1" x 10'2") , Having electric fire, radiator and ceiling light point.
Kitchen/Diner: 6.07m x 2.69m (19'11" x 8'10") , Having one and half bowl single drainer sink unit with mixer tap over set in work surfaces extending to provide a range of base fitted storage cupboards and drawers under together with matching range of wall mounted storage cupboards over, tile splash backs to work surfaces, integrated five ring electric hob with stainless steel extractor canopy over, integrated microwave, intrgrated oven with warming drawer under, integrated fridge/freezer, plumbing for dishwasher, under floor heating and inset ceiling spot lights.
Sitting Room: 2.39m x 3.40m (7'10" x 11'2") , Having uPVC double glazed double doors to rear garden, radiator and ceiling light point.
Utility Room: 2.16m x 2.13m (7'1" x 7') , Having work surfaces extending to provide space and plumbing for washing machine, space for tumble dryer, space for fridge, Shower Room: 1.09m x 2.16m (3'7" x 7'1") , Having shower cubicle with electric shower therein, hand wash basin set in toiletry cupboard, close coupled wc with concealed cistern, heated towel rail, and ceiling light point.
Bedroom One: 3.76m x 3.02m (12'4" x 9'11") , Having radiator and ceiling light point. Bedroom Two: 4.19m x 2.72m (13'9" x 8'11") , Having radiator and ceiling light point.
Bathroom: 2.57m x 1.73m (8'5" x 5'8") , Having P shaped bath set in tile surround with mixer shower over and glass shower screen, close coupled wc, hand wash basin set in toiletry cupboard under, backlit LED mirror, heated towel rail, under floor heating and ceiling light point.
Outside: Front: The property is approached by a gravelled driveway offering ample parking for several vehicles with a further concrete slabbed and gravelled driveway with access to the EV point.
The front garden is mainly laid to lawn with lavender hedging, flower patches and garden gate leading to rear garden Rear: The rear garden is mainly laid to lawn with flower border having a range of various established shrubs, bushes and trees, gated vegetable patch, two garden sheds, summer house, concrete slabbed patio seating areas, EV point, outside tap, covered concrete slabbed patio seating area leading into the gravelled area having oil tank and 'Worcester' boiler, greenhouse and garden path leading to the front garden.
Value & comps
No previous sales on record.
Returns
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We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below asking
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Deal
Properties like this can earn 2–3x BTL yields when converted to HMO, with retrofit costs around £10k/room. Sign in to see the full tier, yield projection, and cost breakdown.
Commercial properties like this can earn 30-50% higher yields when converted to residential under Class MA / Q / P / PA, with prior approval costing ~GBP 96/unit. Sign in to see the recommended route, yield uplift, and cost breakdown.
BRRR-suited properties can recycle 80-100% of investor capital on refi, leaving a high-yielding rental with most of the money out. Sign in to see the refurb cost stack, ARV projection, and refinance maths.
Detached + large garden = sub-division play. Pro tier unlocks the tier badge, plot size, uplift estimate, and regional land benchmark.
Short-lease flats trade at deep discount, but extending under the 1993 Act often costs far less than the discount. Pro tier unlocks the tier badge, premium breakdown, long-lease ARV and arbitrage maths.
See projected short-stay revenue vs a vanilla BTL for this property.
See real sub-let margins (HMO room rates & SA nightly rates) vs the landlord rent.
Area
Agent & docs
FAQ
About 3, Magdalen Close, Skegness
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