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See how verdicts work4-bedroom bungalow · PE23 4LH
For saleReduced £24.9k (−7.1%) on 21 JunListed 205 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Set on a generous elevated plot in a highly sought-after Wolds village, this attractive detached bungalow offers over 1,500 square feet of spacious and versatile accommodation.
The well-appointed interior comprises an entrance hall, comfortable lounge, dining room, inner hall, cloakroom, side entrance/utility, study and a re-fitted kitchen.
The property also features four bedrooms and a family bathroom with a separate shower.
Outside, the property benefits from a driveway providing ample off-road parking, a garage and established lawned gardens that enhance the home’s appealing setting.
The property benefits from an external oil fired boiler which was installed in September 2025 and is double glazed throughout.
EPC Rating: D Accommodation Steps up to the part glazed front entrance door through to the: Entrance Hall Having two radiators and access to roof space.
Lounge (4.32m x 4.17m) Having window to front elevation, coved ceiling, radiator and fireplace with cast iron insert & oak surround.
Opening to the: Dining Room (4.19m x 2.44m) Having window to side elevation, sliding doors to rear elevation, coved ceiling, radiator and built-in airing cupboard.
Inner Hall Having two built-in cupboards, opening to the side entrance hall and door to the: Cloakroom Having extractor, low level WC and corner hand basin.
Side Entrance Utility Having part glazed door with side screen to side elevation, window to other side elevation, radiator, tile effect flooring and work surface with space & plumbing for automatic washing machine & tumble dryer under.
Door to the study and opening to the: Kitchen (4.04m x 3.35m) Having windows to side & rear elevations, radiator and tile effect flooring.
Re-fitted in 2018 with a range of units with work surfaces & upstands comprising: 1 1/4 bowl sink with drainer & mixer tap inset to work surface, cupboards & space for dishwasher under.
Work surface return with inset electric range style cooker, cupboards & drawers under, extractor over and tall unit to side.
Study (3.40m x 1.93m) Having windows to side & rear elevations, radiator and tile effect flooring.
Bedroom One (4.04m x 3.40m) Having box bay window to front elevation, radiator and large walk-in wardrobe.
Bedroom Two (5.49m x 2.44m) Having box bay window to side elevation, coved ceiling, radiator and built-in wardrobe. Bedroom Three (4.06m x 2.82m) Having window to rear elevation and radiator.
Bedroom Four (3.20m x 2.84m) Having window to side elevation, radiator and laminate flooring.
Bathroom (3.07m x 2.51m) Having window to rear elevation, inset ceiling spotlights, radiator incorporating heated towel rail, tiled floor, extractor, freestanding roll-top bath with mixer tap, shoer enclosure with mixer shower fitting, close coupled WC and hand basin inset to vanity unit with cupboards under.
Exterior To the front of the property there are shaped lawns. A driveway provides off-road parking and leads to the: Garage Having up-and-over door, light and power.
Gardens To the side of the property there is a paved patio area with an external oil fired boiler and oil storage tank.
The rear garden has a shaped lawn with established borders, a large paved patio and garden shed. The Plot The property occupies a plot of approximately 0.17 acre, subject to survey.
Whilst we believe the area of the property has been accurately calculated, any prospective buyer who considers this feature to be particularly important is strongly recommended to have the site measurements checked by their own surveyor before submitting an offer to purchase.
Services The property has mains electricity and water connected. Drainage is to a septic tank.
Heating is via an external oil fired boiler (new September 2025)) serving radiators and the property is double glazed. The current council tax is band E.
Lifetime Legal We are required by law to conduct anti-money laundering checks on all those selling or buying a property.
Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy.
The cost of these checks is £72 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required.
This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable.
We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
Agent's Notes 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 Newton Fallowell 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.
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
This is not financial or investment advice. Prop AI Deals is not authorised by the Financial Conduct Authority (FCA) to provide investment advice.
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.
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FAQ
About Tarshyne Bond Hays Lane, Spilsby
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