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See how verdicts work2-bedroom bungalow · PE25 2RF
For saleReduced £4k (−4.9%) on 1 JulListed 336 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Detailed Description An extended and completely refurbished, 'as new' bungalow located on the popular Baythorpe Park. A short walk from the town centre and the sea front.
Extended accommodation includes entrance lobby, lounge, fully re-fitted kitchen with integrated appliances, two bedrooms and fully re-fitted shower room.
Outside offers a lawned front garden with block paved parking space. Additional benefits include brand new modern Rointe electric radiators and uPVC double glazing.
With no upward chain to worry about viewings are available now - by appointment with Beam or the site office only.
Entrance Lobby: Having UPVC double glazed entrance door, smoke alarm door to bedroom two and access through to the lounge.
Bedroom Two: 2.57m x 2.18m (8'5" x 7'2") , With a wall mounted Rointe modern electric radiator.
Lounge: 4.39m x 3.48m (14'5" x 11'5") , With a wall mounted Rointe modern electric radiator, door to inner hallway and door to kitchen.
Kitchen: 2.44m x 1.83m (8' x 6') , Having a single drainer stainless steel sink unit and mixer tap set in work surfaces extending to three sides to provide a range of fitted white coloured base cupboards and drawers under together with matching wall mounted storage cupboards above, integrated fridge/freezer with matching door fronts, built-in electric oven with four ring electric hob and extractor hood above, tiled splash back to work surfaces, fitted shelving unit, cushioned vinyl floor covering.
Inner Hall: With space and plumbing for washing machine, smoke alarm and access door to bedroom one and bathroom.
Bedroom One: 2.67m x 2.49m (8'9" x 8'2") , With a wall mounted Rointe modern electric radiator, access to roof space.
Shower Room: 2.49m x 1.35m (8'2" x 4'5") , Having been fully retiled and refitted with a three-piece shower suite comprising tiled shower cubicle with electric shower therein, hand basin set in vanity unit with toiletry cupboards under, close coupled WC, ladder style chrome towel rail, laminate tiled flooring.
Outside: The gardens and exterior areas are concessionary by the site owners. The front gardens are lawned for ease of maintenance and benefit from an off road parking space.
To the rear is a pathway providing access along the rear of the property. There is no back garden included.
Buyers Notes: "Purchasers are advised that this home is subject to an 11 month occupancy clause although it should be noted that residents typically occupy their property all year round." The properties are suitable for cash buyers only and are subject to a 50 year old minimum age restriction.
Lease information: The agents understand that a new lease will be granted for 50 years commencing from the date of completion of the purchase.
The site owners are willing to extending the leases at any time for a charge dependant on the length of lease required.
The ground rent/maintenance charges for the upcoming year (2026) is £1716 (including VAT). The ground rents are reviewed every 3 years.
Buyers should be aware that on resale of the property there is a repayment due to the site owner of 7.5% (+vat) of the sale price. Council Tax Band :-A
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
Agent & docs
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FAQ
About 20 Baythorpe Caravan Park, Burgh Road, Skegness
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