Modern Method of Auction
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We've tightened what earns a Pursue. A home now needs a published valuation, a strategy that still makes money after real running costs and lender stress tests, and no listing problems that would stop a mortgage. You'll see fewer Pursues, and each one has been checked harder.
See how verdicts work2-bedroom bungalow · LN11 7SA
For saleListed 9 days
Opportunity summary
See Archie’s verdict, returns by strategy and what to check before viewing.
About
Modern Method of Auction T & Cs Apply - Pygott & Crone are delighted to present for sale this well maintained two bedroom detached bungalow, situated in the sought-after and peaceful village of Saltfleet, Louth.
Ideally positioned within a quiet residential setting, this attractive property offers comfortable single-storey living and would make an excellent home for a range of buyers, particularly those looking to downsize, retire or enjoy the benefits of a peaceful village location.
The accommodation briefly comprises: Spacious Lounge, large Kitchen/Diner, Two Double Bedrooms, Bathroom and Conservatory to the rear.
The property offers well proportioned and practical living accommodation throughout, with the generous Kitchen/Diner providing an excellent space for both everyday living and entertaining.
Externally, the property benefits from a substantial driveway providing off-road parking for up to three vehicles, together with a detached garage offering useful additional storage.
The property is surrounded by a fully enclosed wrap-around garden, providing a private and versatile outdoor space with plenty of room to relax, entertain or enjoy the warmer months.
The rear Conservatory further complements the accommodation and provides an enjoyable space overlooking the garden.
Situated in the desirable and tranquil village of Saltfleet, the property offers the perfect combination of peaceful surroundings and convenient access to the nearby town of Louth and the Lincolnshire coast.
This delightful bungalow presents an excellent opportunity for those seeking a well maintained home in a quiet and desirable location.
Buying Conditions This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the ”Reservation Period”).
Interested parties personal data will be shared with the Auctioneer (iamsold).If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.A Buyer Information Pack is provided.
The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT.
This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price.
This is considered within calculations for Stamp Duty Land may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken.
Paym Kitchen/Dining Room 5.39m x 4.87m - 17'8” x 15'12” Lounge 3.45m x 3.39m - 11'4” x 11'1” Dining Room 3.83m x 2.39m - 12'7” x 7'10” Conservatory 5.1m x 2.64m - 16'9” x 8'8” Bedroom 1 3.2m x 2.86m - 10'6” x 9'5” Bedroom 2 2.93m x 2.89m - 9'7” x 9'6” Bathroom 2.98m x 1.9m - 9'9” x 6'3” Outside Garage Store 1.99m x 1.04m - 6'6” x 3'5”
Value & comps
No previous sales on record.
See the independent valuation, upside vs guide, and per-strategy max bid for this lot. Sign in to see it.
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 starting price
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.
Area
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FAQ
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