2-bedroom bungalow · PE24 5NE
Listing removedListed 356 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
This is a refurbished & well presented, 2 bedroom detached modern bungalow having extensive parking, detached garage, workshop, open plan front garden and private, secure rear garden, all in the very well serviced village of Hogsthorpe, that boasts two pubs, convenience store & post office, farm shop, local eateries/tea rooms, primary school, village hall, church, riding school, country walks, and close-by alpaca trekking centre and fishing lakes.
It also benefits from UPVC double glazing incl French & external doors, PVC soffits & fascias, oil fired central heating with external boiler serviced annually, external lighting, power & water tap, and is only a council tax band ‘A’ currently £1438.91 gross per annum.
Outside is generous parking for 4 cars, excluding the secure drive to the detached garage (having light, power, UPVC double glazed window and PVC pedestrian door to the side), and there is a wooden workshop (with double doors, light, power & window), as well as an open plan front garden and private, fully fenced rear garden (with extensive full property width paved patio, miniature pond, lawn and established deep borders incl palm, apples & pears).
The property consists of entrance (with built in full height cloaks cupboard), lounge diner (with 2 ceiling lights, 2 windows and feature fireplace incl wood/multi fuel burner and oak style mantle), modern soft close fitted kitchen (incl straight edged worktops, built in electric fan assisted oven, ceramic hob, curved glass & stainless steel hood extractor, built in fridge, space/plumbing dishwasher & washing machine), inner hall (with built in linen cupboard), modern bathroom (with separate shower & glass pivot screen over the bath, walls tiled minimum half height, hand basin in vanity unit with 2 soft close deep drawers under, low level close coupled toilet), and the two bedrooms both facing the rear garden, with the second bedroom having a built in full height triple wardrobe and French doors to the patio.
Value & comps
No previous sales on record.
Returns
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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 South End, Hogsthorpe, Skegness
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