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See how verdicts work3-bedroom bungalow · LN8 5RB
For saleReduced £10k (−4.3%) on 26 OctListed 209 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
A Cherished Family Bungalow which is First Time to the Market since being built.
Situated in the ever popular Wragby Village which is very well served by Local Amenities including a Leisure Centre with Swimming Pool, Co-Op Food Store, Doctors Surgery, Bus Route to Skegness (via Horncastle) and Lincoln, there are also a good range of Independent Shops and Pubs.
The village also hosts the Wragby Show and Country Fayre which includes Live Music, Food Stalls, Bars, Trade Stands and Children's Entertainment.
The bungalow is warmed by Oil Fired Central Heating and retained by uPVC Double Glazing.
The accommodation comprises; Side Entrance to Reception Hall, Good Sized 'dual aspect' Living Room, Kitchen & Breakfast Room, Three Bedrooms and Re-Fitted Bathroom.
Outside there are Good Sized Gardens to Front and Rear, Long Driveway with Turning Bay and Single Garage. Offered For Sale with No Chain.
Storm Porch - uPVC double glazed entrance door and side screen to:- Reception Hall - Radiator. Access to loft. Coat cupboard. Airing cupboard with foam lagged hot water cylinder.
Dual Aspect Living Room - 5.16m x 4.11m (16'11 x 13'6) - LPG Gas 'Living Flame' fire on tiled hearth and surround. Coving. Radiator. Windows to front and side.
Kitchen & Breakfast Room - 5.16m x 3.53m (16'11 x 11'7) - Wall and base units. Run of work-surfaces with inset single drainer stainless steel sink top. Built-in electric oven, hob and extractor.
Tiled splashbacks. Glazed door to Side Lobby which has a uPVC door with double glazed inserts that provides access to the driveway. Storage cupboard.
Bedroom One - 3.94m x 3.30m (12'11 x 10'10 ) - Radiator. Window to rear with open views.
Bedroom Two - 3.63m x 2.49m plus wardrobes (11'11 x 8'2 plus war - Two double wardrobes and one single wardrobe, five storage cupboards and knee-hole dressing table. Radiator.
Window to rear with open views. Bedroom Three - 2.41m x 2.72m (7'11 x 8'11) - Radiator. Window to rear with open views. Re-Fitted Bathroom - White suite of panelled bath having shower and screen over.
Pedestal wash basin. Low Level W.C. Tiled to full height. Radiator. Window.
Front Garden - The first part of the driveway is shared with next door, then leads to a Private Block Paved Parking Area and Turning Bay. Lawn and flower border.
Access to:- Single Garage - 5.00m x 2.90m (16'5 x 9'6) - Roller door. Light and electric. Cold water tap. Rear Garden - Expanse of lawn. Open fields beyond. Shed.
Additional Information - Tenure: Freehold // EPC Rating: T.B.C. // Council Tax Band: C - East Lindsey Services: Mains Electric, Water and Drains. Oil fired central heating.
No mains gas is connected to the bungalow, however there is an LPG Gas fire.
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
FAQ
About Horncastle Road, Wragby, Market Rasen
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