2-bedroom bungalow · DN21 5QT
For saleReduced £13k (−5.2%) on 23 MayListed 251 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
We offer to the market a well presented recently refurbished two bedroom detached bungalow located in the popular village location of Corringham with access to the surrouding market towns and the cathedral city of Lincoln.
NO ONWARD CHAIN for ease of purchase and viewing highly recommended.
Accommodation - Composite double glazed entrance door leading into: Kitchen - 3.27m x 2.72m (10'8" x 8'11" ) - uPVC double glazed window to the side elevation, recently fitted kitchen comprising base, drawer and wall units with complementary work surfaces, inset sink and drainer with mixer tap, integrated fridge freezer, electric oven, four ring electric hob with extractor over, provision for automatic washing machine.
Door giving access into: Rear Hallway - With loft access, storage cupboard housing the gas fired central heating boiler.
Doors in turn giving access to: Lounge Dining Room - 6.84m x 4.15m (22'5" x 13'7" ) - uPVC double glazed windows to both the front and side elevation, brick fireplace with marble hearth and surround with electric fire feature, two radiators, coving to ceiling and dado rail.
Bedroom One - 3.93m x 3.12m to its maximum dimensions (12'10" x - uPVC double glazed window to the rear elevation and coving to ceiling.
Bedroom Two - 4.21m x 2.21m (13'9" x 7'3" ) - uPVC double glazed window to the rear elevation and radiator. coving to ceiling and dado rail.
Bathroom - 3.62m x 1.59m (11'10" x 5'2" ) - uPVC double glazed window to the side elevation, radiator and suite comprising w.c., hand basin mounted in vanity unit, panel sided bath with tiled splashback and separate shower cubicle.
Externally - The property has on street parking with pathway to the side of the property leading to the entrance door and further to the enclosed low maintenance slabbed rear garden.
Tenure - Freehold - Council Tax - Through enquiry of the West Lindsey District Council we have been advised that the property is in Rating Band 'B' Estate agents operating in the UK are required to conduct Anti-Money Laundering (AML) checks in compliance with the regulations set forth by HM Revenue and Customs (HMRC) for all property transactions.
It is mandatory for both buyers and sellers to successfully complete these checks before any property transaction can proceed.
Our estate agency uses Coadjute’s Assured Compliance service to facilitate the AML checks. A fee will be charged for each individual AML check conducted
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 advisors 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
Agent & docs
FAQ
About Middle Street, Corringham, Gainsborough
Explore nearby
