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See how verdicts work3-bedroom bungalow · LN11 0UJ
For saleListed 225 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Located on Allenby Crescent in the desirable village of Fotherby, this unique property occupies a generous double plot and offers far more than first meets the eye, presenting an exciting opportunity for a variety of buyers.
With extensive gardens to three sides, the property enjoys a wonderful sense of space, boasting a large lawn, established shrubs and a selection of fruit trees.
A standout feature is the substantial workshop/garage/boathouse, which offers fantastic versatility.
Ideal for a home business or continued commercial use, the building also presents excellent potential, subject to the necessary planning permissions, to be converted into a self-contained annexe or even an additional bungalow, making it particularly appealing for multi-generational living or future development.
The main accommodation is well proportioned throughout and briefly comprises an entrance hall, comfortable lounge, kitchen, dining room and a bright sun room overlooking the gardens.
There is also the added practicality of a utility room and boot room.
The property further benefits from three double bedrooms, including one with en-suite facilities, along with a separate shower room.
Externally, the property is accessed via gated entry leading to ample off-road parking, ideal for multiple vehicles, caravans or work equipment.
Further benefits include uPVC double glazing, oil-fired central heating and solar panels providing hot water.
Internal viewing is highly recommended to fully appreciate the space, versatility and future potential this rare opportunity has to offer.
Entrance Hall Entering the property reveals stairs to bedroom 3, a radiator and a carpeted floor.
Lounge (13' 0'' x 12' 6'' (3.96m x 3.81m)) The lounge has a bay window to the front elevation, a radiator, carpeted floor, stable door to sun room and a multi fuel burner.
Sun Room (12' 2'' x 12' 2'' (3.72m x 3.71m)) The sun room has dual aspect windows to the front and side elevation, French doors leading to a patio area, a carpeted floor and a wood burning stove.
Dining Room (12' 11'' x 9' 9'' (3.94m x 2.96m)) The dining room has a window to the rear a radiator and a carpeted floor.
Kitchen (12' 1'' x 10' 2'' (3.68m x 3.10m)) The kitchen has a window to the side elevation, a tiled floor and a modern fitted kitchen with a one and a half sink and drainer, duel fuel Range and a dish washer.
Utility Room (3' 7'' x 10' 2'' (1.10m x 3.10m)) The utility room has a window to the side elevation, a tiled floor and plumbing for a washing machine.
Boot Room (7' 1'' x 7' 9'' (2.16m x 2.37m)) The boot room has triple aspect windows, a door to the side elevation and a tiled floor. An ideal addition for outdoor coats and boots.
Shower Room (9' 1'' x 4' 11'' (2.76m x 1.49m)) The shower room has an opaque window to the rear elevation, a heated towel rail and a tiled floor, There is also a modern suite with a WC, vanity basin and a large walk in enclosure with a mains waterfall shower.
Bedroom One (13' 0'' x 12' 6'' (3.96m x 3.82m)) Bedroom one has a bay window to the front elevation, fitted wardrobes, a radiator and a carpeted floor.
En-Suite (2' 7'' x 9' 5'' (0.80m x 2.86m)) The en-suite has a heated towel rail, tiled floor, WC, vanity basin and a cubicle with a mains and electric shower.
Bedroom Two (9' 10'' x 14' 3'' (2.99m x 4.34m)) Bedroom two has two windows to the rear elevation, built in wardrobes, a radiator and a carpeted floor.
Bedroom Three/Loft Room (12' 10'' x 16' 9'' (3.92m x 5.11m)) The third bedroom/loft room has a staircase off the hall and reveals windows to the front and rear, an electric wall mounted radiator, a carpeted floor and an area with a wooden floor.
Currently set up as a guest bedroom the room could be used in many other ways.
Outside Situated within a generous plot of approximately 1/3 of an acre, with garden spaces to three sides with plenty of grass, established shrubs and fruit trees.
There is also a lovely patio area ideal for alfresco dining. With ample off road parking through a timber gate.
An area to grow your own fruit and vegetables is also set up and ready for the next owner to carry on.
The Next Is For The Outbuildings Workshop (23' 6'' x 9' 8'' (7.16m x 2.94m)) The workshop has dual aspect windows to the front and rear elevation, a door to the side and electrics.
There is also a sink, drainer and dog shower. Within the measurements is an outside WC with a basin and WC.
Boat House (22' 7'' x 10' 10'' (6.89m x 3.31m)) With an electric roller door, a secure storage area for a motor home, caravan or boat.
Garage (17' 5'' x 10' 0'' (5.32m x 3.06m)) The garage has an electric roller door. Store (11' 9'' x 10' 6'' (3.59m x 3.19m)) The store is ideal for storage of logs etc.
Potting Shed (18' 7'' x 6' 9'' (5.66m x 2.05m)) With windows and a uPVC door to the front and rear.
Value & comps
No previous sales on record.
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 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
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FAQ
About Southwinds, Allenby Crescent, Fotherby
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