Modern Method of Auction
Auction date not yet published
3-bedroom bungalow · PE20 1PS
Sold STCReduced £15k (−5.2%) on 7 OctListed 66 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Summary Spacious detached three-bedroom bungalow occupying a substantial plot with extensive gardens, generous living accommodation, separate dining room, fitted kitchen and excellent potential for modernisation and improvement, subject to any necessary consents.
Description Situated on a generous and private plot, this detached three-bedroom bungalow offers spacious and versatile accommodation throughout, presenting an excellent opportunity for buyers seeking a home with significant potential.
Set back from the road with extensive front and rear gardens, the property enjoys a peaceful setting while providing ample parking and outdoor space.
Internally, the bungalow features a welcoming entrance hall leading to a spacious dual-aspect lounge with a striking curved bay window that floods the room with natural light.
A separate dining room provides an ideal space for entertaining and family gatherings, while the fitted kitchen offers a practical layout with direct access to the side porch.
The sleeping accommodation comprises three well-proportioned double bedrooms, all benefiting from generous floor space and views over the gardens.
The family bathroom is complemented by a separate WC and additional storage cupboards, offering convenience for modern family living.
Outside, the property is surrounded by mature gardens, creating a high degree of privacy and an attractive backdrop.
The substantial plot offers excellent scope for landscaping, extension or redevelopment, subject to the necessary planning permissions.
While the property would benefit from modernisation, it provides a rare opportunity to create a fantastic bespoke home in a desirable setting.
Auctioneer's Comments This property is offered through Modern Method of Auction. Should you view, offer or bid your data will be shared with the Auctioneer, iamsold Limited.
This method requires both parties to complete the transaction within 56 days, allowing buyers to proceed with mortgage finance (subject to lending criteria, affordability and survey).
The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6600.00 including VAT.
This fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability.
Buyers will be required to complete an identification process with iamsold and provide proof of how the purchase would be funded.
The property has a Buyer Information Pack containing documents about the property.
The documents may not tell you everything you need to know, so you must complete your own due diligence before bidding.
A sample of the Reservation Agreement and terms and conditions are contained within this pack. The buyer will also make payment of no more than £349 inc. VAT towards the preparation cost of the pack.
Please confirm exact costs with the auctioneer. The estate agent and auctioneer may recommend the services of other providers to you, in which they will be paid for the referral.
These services are optional, and you will be advised of any payment, in writing before any services are accepted. Listing is subject to a start price and undisclosed reserve price that can change.
Entrance Hall A central hallway providing access to all principal rooms, with useful storage cupboards and a practical layout connecting the living and bedroom accommodation.
Lounge 19' x 14' 11" ( 5.79m x 4.55m ) A spacious and light-filled reception room featuring a distinctive curved bay window overlooking the garden.
Offering ample space for a range of seating arrangements and entertaining.
Dining Room 15' x 10' 3" ( 4.57m x 3.12m ) A generous separate dining room positioned between the lounge and kitchen, ideal for family meals and formal entertaining.
Kitchen 14' 6" x 8' 10" ( 4.42m x 2.69m ) Fitted with a range of wall and base units, work surfaces and space for appliances. Window overlooking the garden and access to the side porch.
Bedroom 1 18' 1" x 13' 6" ( 5.51m x 4.11m ) An exceptionally spacious principal bedroom with ample room for a king-size bed and a range of bedroom furniture.
Bedroom 2 11' 11" x 10' 5" ( 3.63m x 3.17m ) A well-proportioned double bedroom with pleasant garden views and space for wardrobes and additional furnishings.
Bedroom 3 11' 11" x 10' 5" ( 3.63m x 3.17m ) Another comfortable double bedroom offering flexible use as a guest room, home office or hobby room.
Bathroom Fitted with a bath and wash hand basin, complemented by a window providing natural light and ventilation. 1.
Money laundering regulations: Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale.
2.
General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4.
Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract.
The matters referred to in these particulars should be independently verified by prospective buyers or tenants.
Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Value & comps
No previous sales on record.
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Returns
Set an offer; the calculator follows it.
We're still gathering serviced-accommodation data for this area.
Archie refurb estimate: a Pro feature
0.0% below starting price
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All investment calculators, property analyses, and AI-generated insights are for informational purposes only. Property investment carries risk and may result in financial loss. All calculations should be independently verified and you should consult with FCA-authorised financial advisers before making any investment decisions.
Past performance does not guarantee future results. Tax implications vary by individual circumstances.
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
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FAQ
About 2, Meeres Lane, Boston
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